Articles

Insurance

Brit Re gets rating boost from AM Best; mulls reinsurance expansion in 2020

Ratings agency AM Best has assigned a financial strength rating of A (Excellent) with a ‘stable’ outlook to Brit Reinsurance (Bermuda), a wholly-owned subsidiary of specialty re/insurer Brit, reflecting a "very strong" balance sheet.   19 September 2019

Insurance

IGI receives Bermuda Monetary Authority approval for Tiberius transaction

Upon close, IGI will be domiciled in Bermuda.   31 January 2020

Alternative Risk Transfer

Aspen Capital Markets claims 18% rise in ILS third party capital in ‘23

In contrast to the broad market, a notable 50% of AuM covers long-tail, not nat cat.   21 December 2023

Insurance

Reinsurance Association of America lines up new president

Frank Nutter to retire after 32 years as president of the association.   8 September 2023

Insurance

CII seeks ‘rising stars’ for 2023 New Generation Programme

Female professionals, ethnic minorities, members of LGBTQ+ are particularly encouraged.   14 June 2023

Insurance

MGAA managing director Peter Staddon to retire

The process of appointing a new managing director is already underway.   17 February 2020

Insurance

Brindle-led MGU transforms to ‘The Fidelis Partnership’ for 2024 expansion

The MGU plans to strategically expand its underwriting footprint in 2024.   20 March 2024

Reinsurance

D&O vs the rest at 1.1: reinsurer casualty gripes only hold for D&O

Even the D&O market split for 1.1 between devotees of rate trend vs. rate adequacy.   5 January 2024

Insurance

Consilium sees 35% growth in 2023; eyes $1.4bn GWP by 2026

The company’s CEO says investment in people and operations is bearing fruit.   27 November 2023

Insurance

Regulation proves more hindrance than a help for developing the cyber market

Regulation is proving a mixed blessing for the cyber insurance industry as it seeks to develop new products and grow scale. It promises a standardisation that it doesn’t always deliver. That was the message from a panel on the first day of Intelligent Insurer’s Cyber Risk and Insurance Innovation USA conference, taking place in Chicago.   29 May 2024

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