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News
The new entity is separate from Catlin's Lloyd’s operations, which have been writing business since 1999, and began writing specialty lines of direct insurance in Singapore and reinsurance throughout the Asia-Pacific region on New Year’s day. 7 January 2014
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Ian Bowler has joined Endurance Specialty Holdings as senior vice president. 7 January 2014
News
Citing favourable market conditions as a key driver, Australian insurance giant IAG has said that it has increased its reinsurance buy for 2014 to $5.6 billion, up from $5 billion for 2013. 7 January 2014
News
Tower Group has announced a merger with privately-held and Bermuda-based ACP RE, with the new entity set to operate under the Tower name but as a subsidiary of ACP Re. 6 January 2014
article
The US insurance industry posted underwriting profits of $7.5 billion for the first nine months of 2013, according to a report by AM Best, a significant improvement on the $4.7 billion lost during the same period in 2012. 6 January 2014
ILS
Both a sidecar and the issuance of a $172 million catastrophe bond announced. 6 January 2014
article
The Bermuda Monetary Authority has appointed Andrew Gibbs as director, supervision (insurance). He will report to Craig Swan, managing director, supervision. 6 January 2014
News
Bermuda has been recognised by the National Association of Insurance Commissioners in the US as a Conditional Qualified Jursidiction. Recognition will help to reduce the collateral requirements of Bermuda reinsurers. 6 January 2014
ILS
According to Nick Farland, CEO of EMEA at Guy Carpenter, the falling rates are a trend that began at mid-year renewals and continued through to the New Year. 6 January 2014
article
Third Point Re, the public face of Bermuda’s most recent class, has appointed Nicholas Campbell as senior vice president, underwriting. 23 December 2013
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