News

Insurance

SRS moves senior Bermuda talent to expand in Latin America

SRS seeks to capitalise on robust growth in captive formations in the region.   12 July 2023

Insurance

Steve Hearn to replace Bronek Masojada as PPL chair after Ardonagh exit

He aims to create a market that will be ‘better, faster and cheaper’.   11 July 2023

Insurance

Ardonagh’s Inver Re launches Bermuda SAC, collateralised reinsurance vehicle

It will enable the group to offer segregated accounts, or ‘captive cells’.   11 July 2023

Insurance

California homeowners market tightens further: Farmers caps uptake

Major player still taking new business vows not to mop up spillover demand from rivals.   11 July 2023

Insurance

Westfield bids on minority capacity at syndicate 1200

Westfield will offer 62.5p in cash for each £1 of 2024 capacity allocated.   11 July 2023

Insurance

Florida’s Citizens puts reinsurance to $5.4bn at ‘significant’ price hike

Total risk-adjusted price increase for 2023 placements hit 25%, gross ROL at 12.7%.   11 July 2023

Insurance

Beazley moves ESG consortium capacity to Syndicate 5623

The move is effective from January 2024.   11 July 2023

Insurance

Coalition expands in Canadian cyber insurance market

The MGA has active cyber insurance in Quebec.   11 July 2023

Insurance

Insurance evolution: ‘tangible steps’ on risk prevention ramping up

Re/insurers have always wanted to take a more preventive stance, and now there is concrete movement towards that ambition, says Swiss Re’s Arquint.   11 July 2023

Alternative Risk Transfer

Cat bond funds power through H1 on 30-weeks of uninterrupted gains

The USD-denominated index is up 11.4% from post-Ian lows and 4.2% since pre-landfall.   10 July 2023

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