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News
Conan Ward, the chief executive officer (CEO) of Hamilton USA, part of the Bermuda-based Hamilton Insurance Group, has resigned from his position, effective as of yesterday (13 October). 14 October 2015
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Bermuda-based reinsurer PartnerRe has estimated it lost $50-70 million in pre-tax and net of retrocession and reinstatement premiums from the explosion in Tianjin, China in August this year. 14 October 2015
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If the insurance-linked securities markets are to continue to develop, innovation and a shift into new asset classes is a must. A new initiative called Vario Global Capital could represent the next logical step in the market’s evolution, revolutionising and growing it beyond all expectations. Bermuda:Re+ILS reports. 13 October 2015
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One of the great unknowns of the insurance-linked securities sector is beginning to emerge: how low will investors go when it comes to pricing? Bermuda:Re+ILS explores industry sentiment that a floor of sorts has now been reached. 13 October 2015
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Bermuda insurers should act as goodwill ambassadors to help promote the region internationally as a respected blue-chip jurisdiction, according to Ross Webber, chief executive officer (CEO) of the Bermuda Business Development Agency (BDA). 13 October 2015
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Argo Pro, a member of Bermuda-based Argo Group, the international underwriter of specialty insurance and reinsurance products, has expanded its line of professional and management liability insurance products with a new specialty insurance offering for investment advisers and mutual funds. 13 October 2015
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The CATCo acquisition demonstrates Markel’s commitment to the reinsurance industry, and specifically the insurance-linked securities space, Richie Whitt, president and co-chief operating officer, Markel Corporation, tells Bermuda:Re+ILS. 13 October 2015
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Despite challenges on several fronts, the number of newly formed hedge fund reinsurers is predicted to rise. But the real question could be how they evolve and whether some need an exit strategy to move on, as Tom Kelly, managing director, KPMG in Bermuda explains to Bermuda:Re+ILS. 12 October 2015
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Investment manager CATCo has announced it is to expand its London and Bermuda-based CATCo Reinsurance Opportunities Fund. 12 October 2015
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Canopius Group, the London-based subsidiary of Sompo Japan Nipponkoa Holdings, has hired Scott Bailey as global head of accident and health (A&H). 12 October 2015
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