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Insurance
Only a tiny proportion of captives are covering cyber risks despite this threat being high up the agenda of cyber directors, a study by Aon has shown. 19 August 2014
Insurance
The executive committee of the National Association of Insurance Commissioners (NAIC) has adopted a newly drafted reinsurance framework which changes the types of assets or securities insurer/captive regulations can invest in to back their reserve liabilities. 19 August 2014
Alternative Risk Transfer
Eight new insurance entities were registered on Bermuda in July, according to the Bermuda Monetary Authority (BMA), including one Class 3 insurer and one special purpose insurer. 18 August 2014
Insurance
Fosun International, a Chinese investment company listed on the Hong Kong Stock Exchange, has acquired a 20 percent stake in specialty insurer Ironshore. 18 August 2014
Insurance
The 15 participating members of the Association of Bermuda Insurers and Reinsurers (ABIR) have reported a record high contract certainty rate for insurance contracts at 99 percent. 14 August 2014
News
Bermuda reinsurer Resource Re, a subsidiary of Till Capital, has entered into agreements with Bermuda based private special purpose insurer MultiStrat Re (MSRE). 12 August 2014
Insurance
Bermuda-based Endurance Specialty has appointed Jeremy Isaacs as senior vice president in its commercial directors & officers (D&O) unit in London. 12 August 2014
Insurance
Enstar Group, the Bermuda-based run-off specialist, increased its turnover and profits substantially in the second quarter of 2014 boosted partly by its acquisistion of Torus Insurance in April. 12 August 2014
News
Third Point Re, the reinsurance firm backed by Dan Loeb’s hedge fund, Third Point, has posted strong growth for the second quarter of 2014, despite an underwriting loss. 8 August 2014
Insurance
A massive 98.5 percent of insurer Tower Group’s shareholders have approved its takeover by ACP Re, the Bermuda reinsurer owned by AmTrust Financial Services. 8 August 2014
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