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In the decade since Hurricane Katrina, the costliest ever natural disaster, much has changed in terms of the industry’s understanding of natural disasters and the models used to price the risk associated with them. Two risk modelling specialists describe some of the advances that have been made in recent years around wind and earthquake modelling. 21 September 2015
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Despite its importance and for all its innovation over the years, the re/insurance industry has not historically been as attractive a career choice to young people as other financial services sectors. That is now changing. As part of a wider feature available online, Bermuda:Re+ILS speaks to 35 young executives—all under 35—tipped for bigger things. 21 September 2015
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Bermuda needs to dispel tax-haven labels, differentiate itself from other international financial centres (IFCs), and make the world better aware of its substantial contribution to the wider global economy, according to Ross Webber, chief executive officer (CEO) of the Bermuda Business Development Agency (BDA). 21 September 2015
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Bermuda-based CATCo Investment Management has announced it may seek to raise new capital for its listed Reinsurance Opportunities Fund. 21 September 2015
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As Bermuda seeks to work with a new generation of companies and financial institutions against a backdrop of increased competition among international financial centres, Ross Webber, chief executive officer of the Bermuda Business Development Agency, explains to Bermuda:Re+ILS the challenges and opportunities that must be dealt with by the jurisdiction. 18 September 2015
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The global reinsurance sector has jumped on the M&A bandwagon as management teams and their respective boards of directors are placing renewed attention on growth and responding to cedants’ changing demands for greater scale, as Taoufik Gharib and Dennis Sugrue of Standard & Poor’s explain. 18 September 2015
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Bermuda-based insurance firm, Argus Group has announced that David Pugh will step down as chief financial officer (CFO) immediately following the forthcoming Annual General Meeting on September 24. 18 September 2015
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The global cyber insurance market could grow to $5 billion in annual premiums by 2018, according to new report issued by PwC at the Monte Carlo Reinsurance Rendez-Vous this week. 18 September 2015
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Robert Stauffer, the chief executive officer and president of the Bermuda-based OIL Group of Companies, has revealed plans to retire in January 2016. 17 September 2015
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ILS (Bermuda), organisers of the Bermuda Convergence 2015, has unveiled Jimmy Spithill, helmsman for America’s Cup Oracle Team USA, as the keynote speaker for the event. 17 September 2015
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