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Bermuda has long been known as a centre of excellence and innovation in the world of re/insurance. Nowhere is this more evident than in the rapidly growing field of offshore life re/insurance and annuity products. Life re/insurance today represents ...

Catastrophe bonds are becoming a progressively cheaper form of reinsurance as the dynamics of the insurance-linked securities (ILS) sector change. That is the view of Tony Ursano, chief executive officer of Willis Capital Markets and Advisory (WCMA),...

With ratings agency Fitch Ratings recently publishing an update of its methodology for rating insurance-linked securities (ILS), now is a good time to explore the rise of ILS from an unconventional form of risk transfer to the conventional method of ...

The World Bank has issued its first catastrophe bond — a $30-million deal providing reinsurance protection to an earthquake and hurricane insurance fund, whose beneficiaries are Bermuda and 15 Caribbean governments. All 16 countries are signatories t...

The April through June period set a new quarterly record for the volume of catastrophe bonds issued. According to a report by Willis Capital Markets & Advisory (WCMA), $4.5 billion of non-life catastrophe bond capacity was issued in 17 deals in the s...

The largest catastrophe bond transaction in history completed today and was admitted for listing on the Bermuda Stock Exchange (BSX). The $1.5 billion issuance through Bermuda special purpose insurer Everglades Re Ltd, will provide reinsurance covera...

Bermuda will remain at the forefront of the burgeoning convergence between the reinsurance and asset management industries, because it has an exceptional mix of expertise in both areas. That is the view of Craig Redcliffe, partner and insurance leade...

Investors are expected to continue ploughing money into insurance-linked securities at an ever greater pace this year — with most of the activity centred on Bermuda. And analysis by PwC suggests that third-party capital is there as part of long-term ...

A new wave of micro cat bond listings looks likely for the Bermuda Stock Exchange (BSX) in 2014, with the Bermuda insurance-linked securities (ILS) market shaping up to be as busy as 2013 — a record year for the instruments with Bermuda garnering app...