Eight catastrophe bonds totalling $2.05 billion in risk capital were completed in the second quarter of 2010, making it the second most active second quarter on record, according to a new report issued today by Guy Carpenter & Company, LLC and GC Securities.
Insurers are more effectively managing catastrophic risks as a result of the lessons learnt after Hurricane Katrina, according to the Property Casualty Insurers Association of America (PCI).
It’s been quite a year already for catastrophes, and the hurricane season is not even fully upon us yet.
XL Re gains special status in Florida XL Re has achieved special status in Florida and now qualifies for lower collateral requirements.
Flagstone Re has completed its redomiciliation from Bermuda to Luxembourg after the plan was approved by shareholders.
A report has predicted that at least eight hurricanes will form during the 2010 season and that four of these will strengthen to become major events.
With 2009 having proved an impressive year for insurance-linked securities (ILS) issuance, industry experts are predicting the good run to continue throughout 2010.
Schroders has confirmed that its asset management business will continue in Bermuda following its acquisition by J.P. Morgan.
With last year’s shares on the Bermuda Stock Exchange (BSX) down 40 percent from the year before, the Island—known primarily for its insurance and reinsurance business—is seeking a way to bounce back.
Karson Management (Bermuda) has launched a specialist collateral provider, whose first act was to complete a $825 million transaction for ING Insurance.