Articles

Insurance

Enstar acquires Maiden Reinsurance North America for $308m

Bermuda-based Enstar Group is acquiring Maiden Reinsurance North America from a subsidiary of Maiden Holdings.   31 August 2018

Insurance

AM Best critical of Maiden after US renewal rights sale to TransRe

AM Best has placed the financial strength rating and the long-term issuer credit ratings (ICRs) for Maiden Reinsurance, and its affiliate Maiden Reinsurance North America under review with negative implications following the announcement that the renewal rights for its US diversified business were being sold to TransRe.   31 August 2018

Insurance

Private equity firms buy stakes in Sirius in private placement

Bermuda-based Sirius International Insurance Group has entered into equity subscription agreements with affiliated funds of Gallatin Point Capital, The Carlyle Group, Centerbridge Partners, and Bain Capital Credit.   31 August 2018

Insurance

PartnerRe unveils leadership changes, replaces chairman

Bermuda-based PartnerRe has appointed Brian Dowd to succeed John Elkann as chairman of the company’s board of directors alongside several other leadership changes.   31 August 2018

Alternative Risk Transfer

Cyber: putting the ‘year in the middle’ to good use

Cyber is developing steadily: the ILS market has the potential to solve many of its challenges and Bermuda could sit at the heart of that solution. Tom Johansmeyer of PCS, Verisk Insurance Solutions, takes a look at a neglected period of time for the market.   30 August 2018

Alternative Risk Transfer

Treading the fine line to ILS success

Bermuda has solidified its place as the go-to location for insurance-linked securities in recent years, according to Brad Adderley, corporate partner at offshore law firm Appleby.   30 August 2018

Insurance

TransRe takes over Maiden Re US treaty renewal rights, hires whole team

TransRe, the reinsurance arm of Transatlantic Holdings and a wholly owned subsidiary of Alleghany Corporation, has acquired the exclusive renewal rights to all of Maiden Re's US treaty reinsurance underwriting business.   30 August 2018

Insurance

Maiden to sell North America reinsurance operations

Maiden Holdings is in advanced discussions regarding the sale of its wholly-owned subsidiary, Maiden Reinsurance North America (MRNA) to a third party.   30 August 2018

Alternative Risk Transfer

ILS market powers forwards

Despite a string of disasters the ILS market continues to grow. Intelligent ILS talks to Dominic Wheatley of Guernsey Finance.   30 August 2018

Insurance

Aspen takeover may fail in case of large cat loss

The takeover of Aspen Insurance Holdings by alternative investment manager Apollo may fail if the Bermuda-based insurer is hit by large cat losses.   29 August 2018

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