News
Reinsurance
As the ILS market continues to develop, the litmus test of its future potential could be the range of new issuers that are tempted to use this form of risk transfer bringing new risks to the sector. 1 September 2013
Reinsurance
The recent IPO by Third Point Reinsurance focused attention on the sentiment of equity investors towards reinsurance stocks. But despite a greater wariness and many investment alternatives, the sector remains attractive to equity investors—just not to the extent it once was. 1 September 2013
News
BMS Intermediaries has appointed Kurt Johnson as executive vice president. He will be responsible for providing actuarial support and related services for BMS’ client base. 27 August 2013
News
Run-off specialist Catalina Holdings (Bermuda) will now acquire American Safety Reinsurance (ASRe), a Bermuda subsidiary of American Safety Holdings, which is itself merging with financial services holding company Fairfax Financial Holdings, displacing Tower Group International on the deal. 21 August 2013
Insurance
Third Point Reinsurance has priced its initial public offering (IPO) of some 22.1 million common shares at $12.50 per share – at the lower end of the proposed end – raising some $276 million. 15 August 2013
Alternative Risk Transfer
Kane, the global insurance manager, has launched a new independent private catastrophe bond platform. The company said the platform could facilitate the flow of smaller transactions into the collateralized reinsurance sector. 13 August 2013
News
Bermuda-based reinsurer, Third Point Reinsurance, has commenced an initial public offering of 22.2 million of its common shares pursuant to a registration statement on Form S-1 filed with the US Securities and Exchange Commission (SEC). 5 August 2013
News
First Mutual Transportation Assurance Company, a New York State licensed and domiciled captive insurance company and subsidiary of the Metropolitan Transportation Authority (MTA), has become the first company to issue a cat bond to protect solely against storm surge risk. 1 August 2013
Alternative Risk Transfer
Capital market investors accessing the reinsurance sector through insurance linked securities (ILS) will have to accept a growing pool of new perils and ever more flexible terms and conditions if the market is to continue to grow at the pace it has in recent years. 31 July 2013
News
Nephila Capital has appointed a new partner. Guy Swayne, who was previously an executive vice president and member of Flagstone Re's executive committee, will be based in Bermuda, and will focus primarily on risk origination, working with established and new counterparties seeking protection from natural catastrophe and weather exposures. 30 July 2013
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