News

Insurance

Diversifying Chinese cedants to boost reinsurance growth

Chinese insurers are diversifying their business and product offering, which is set to lead to higher cessions to reinsurers, Brian Secrett, chief underwriting officer at Tokio Millennium Re (TMR), told SIRC Today.   30 October 2018

Insurance

EU removes Bermuda from 'blacklist' of non-cooperative tax jurisdictions

Bermuda has been removed from the European Union's so-called blacklist list of "non-cooperative" jurisdictions following a meeting of EU finance ministers on May 17.   20 May 2019

News

Third Point Re GWP plummets by 83% in Q3

Bermuda-based Third Point Re has seen its gross written premium (GWP) fall sharply by 82.8 percent in the third quarter of 2018 due to unsatisfactory underlying pricing, terms and conditions.   7 November 2018

Insurance

Enstar finalises reinsurance-to-close transaction with Neon

Enstar Group-owned Lloyd’s managing agency, StarStone Underwriting has finalised a reinsurance-to-close transaction with Neon Underwriting, according to a Feb. 16 press release.   19 February 2018

Insurance

Greenlight's Einhorn presentation ignites row with Assured Guaranty

Bermuda-based bond insurer Assured Guaranty issued a statement criticising David Einhorn of Greenlight Capital following a short-sale presentation.   24 April 2018

News

Swiss Re seeks new share buy-back programme; elects three new directors

Swiss Re plans to increase its regular dividend and authorise a new public share buy-back programme of up to Sfr1 billion ($1 billion) at its Annual General Meeting of shareholders set for April 20, 2018.   15 March 2018

Insurance

Markel returns to profit in Q3

Markel Corporation has returned to profit in the third quarter of 2018 despite having experienced significant catastrophe losses during the period.   31 October 2018

Insurance

AIG expects up to $1.7bn cat loss for Q3

American International Group (AIG) expects to report third quarter 2018 pre-tax catastrophe losses, net of reinsurance, of approximately $1.5 to $1.7 billion.   19 October 2018

Insurance

Pay-by-mile car insurtech By Miles raises £5m Series A funding

UK-based insurtech startup By Miles, which provides pay-per-mile car insurance, has raised raises £5 million in Series A funding led by Octopus Ventures.   27 February 2019

Insurance

Insurtech startup Breathe Life raises $3.4m seed funding

Montreal-based Insurtech startup Breathe Life has raised CA$4.5 million ($3.4 million) in its seed round of funding led by Diagram Ventures with participation from Real Ventures.   27 February 2019

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