Rating agency, Fitch upgraded Validus Re’s insurer financial strength rating from “A-” to “A”. Validus Holdings also received an upgrade from “BBB” to “BBB+” for their senior unsecured debt rating. 4 March 2013
Shareholders of Alterra Capital Holdings and Markel Corporation have overwhelmingly approved Markel’s move to acquire the Bermuda-based re/insurer. 28 February 2013
Don Kramer’s Bermuda investment management company, ILS Capital Management has announced senior personnel changes as it develops its presence in an increasingly buoyant Bermuda ILS sector. 27 February 2013
Ironshore announced this week that it will enter the Bermuda healthcare market with Iron-Starr, just days after news that it had acquired Excess Risk Reinsurance. 25 February 2013
The US-based division of Everest Re has announced the formation of Specialty Insurance Group (SIG), a managing general agency focused on the sports and leisure industries. 22 February 2013
Separate reports published by Ernst & Young and Towers Watson examining global investor confidence suggest that there is cause for cautious optimism, even as the global economy struggles to overcome the downturn. 20 February 2013
