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ILS
Bermuda continues to strengthen its position within the alternative capital space, with new formations in 2013 dominated by special purpose insurers. 23 April 2013
News
Standard & Poor’s has indicated that despite Bermuda’s revision to a negative outlook , the Island’s re/insurance industry’s counterparty credit and financial strength ratings remain unchanged. 22 April 2013
News
Daniel Wadley has been appointed EVP and head of a new pro insurance unit at Endurance, as the re/insurer responds to growing demand for E&O coverage among professional firms. 22 April 2013
News
As of May 1st PartnerRe will split its global property and casualty business unit into two dedicated teams, focused on meeting the needs of PartnerRe's clients in mature and high-growth markets individually. 19 April 2013
News
The Bermuda Monetary Authority has created the position of managing director, supervision—to be filled by Craig Swan, who worked formerly as the director, insurance supervision— to lead all of the Authority’s supervisory functions, effective immediately. 18 April 2013
ILS
Following its acquisition of a 30 percent stake in Secquaero Advisors, a specialist ILS investment manager, Schroders will now be extending ILS to its institutional clients. 18 April 2013
News
Terror incidents in the US have been thankfully few since the tragic events of September 11th. But the attack in Boston looks set to reignite the debate over the reinstatement of TRIPRA. 18 April 2013
News
Banking union more likely, as the Joint Committee of the European Supervisory Authorities publishes its first look at the European financial systems’ vulnerabilities, which include ongoing macroeconomic woes and the fragmentation of the eurozone. 17 April 2013
ILS
Third party capital is becoming an increasingly prominent component of the Bermuda landscape, driven by legislative change, active lobbying and the appeal of critical mass. 17 April 2013
News
The US budget has revived efforts to impose a discriminatory tax on international re/insurers, but its passage remains tied to the ‘grand bargain’ yet to be struck over the economic recovery. 16 April 2013
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