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Insurance
Residual markets such as in Florida are a result of inconsistent pricing signals from traditional reinsurers. Convergence capital can help to smooth rate changes and in turn reduce the regulatory burden. 18 November 2013
News
Bermuda-based Blue Capital Re, which offers collateralised reinsurance in the property cat space, has registered its intent to make an IPO with the US Securities and Exchange Commission. 9 October 2013
News
Rumours are flying around regarding SAC Capital looking for a buyer for its Bermuda reinsurance business, SAC Re. 9 October 2013
Insurance
Ironshore has increased capacity for its global terrorism & sabotage programme, which protects against diverse risk exposure worldwide, to $300 million. 8 October 2013
Insurance
Endurance Specialty Holdings, a Bermuda-based provider of property and casualty insurance and reinsurance, has appointed Scott Galiardo, currently senior vice president, as group actuary with oversight responsibility for Endurance's corporate actuarial, reserving and ceded reinsurance activities on a global basis. 4 October 2013
News
ILS outstanding at the Bermuda Stock Exchange (BSX) topped $8.5 billion this year, with $3.2 billion of new ILS issued in 2013, as interest in the island’s alternative offering continues to gain momentum. 18 September 2013
Insurance
Brit Insurance’s new Bermuda office, which will open in October, will allow the company to access Bermuda at a time that business is booming. 10 September 2013
News
XL’s executives are busy at Monte Carlo this year talking to clients and investors about its new joint venture with Stone Point Capital, a new Bermuda-based company revealed in July that will act as an investment manager in insurance-linked securities (ILS) and other reinsurance capital markets products. 10 September 2013
News
As Hiscox moves its reinsurance operations under a single banner – Hiscox Re – the company continues to realise the value of both a Bermuda and Lloyd’s platform, its CEO says. 10 September 2013
Insurance
The growth of the insurance linked securities (ILS) market in Bermuda has continued to exceed expectations – and the market’s innovation in the global risk transfer and risk financing marketplace as the reason for this. 10 September 2013
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