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.
Rumours are flying around regarding SAC Capital looking for a buyer for its Bermuda reinsurance business, SAC Re.
The scale and economic cost of natural catastrophe losses seen in September highlights the lack of national disaster insurance in some countries and the strain this places on governments. This points to an opportunity for the industry to step in and take more risk.
Two rating agencies have downgraded Tower Group International following its announcement that it needs to strengthen loss reserves by approximately $365 million and will write down $214 million in goodwill in conjunction with its delayed second quarter 2013 earnings release.
Ironshore has increased capacity for its global terrorism & sabotage programme, which protects against diverse risk exposure worldwide, to $300 million.
Elements Property Insurance Company (EPIC) has been licensed by the Florida Office of Insurance Regulation to write homeowners business in the state of Florida.
Aspen Reinsurance has appointed Michael Dicker as global head of its agriculture reinsurance business.
Allied World’s Asia-Pacific platform has launched Allied World Agility Primary Professional Indemnity, a new product developed exclusively for the Asia-Pacific marketplace.
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.
Broker Willis is sponsoring a scientific programme in Antarctica from November 2013 to January 2014 to better understand our changing climate and build resilience to weather-related risk.