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Reinsurance

Guy Carpenter names new Bermuda chairman and CEO

Guy Carpenter & Company has announced a management shake-up which will bring a new chairman and a new CEO to the reinsurance broker’s Bermuda office. Kevin Fisher, CEO of Global Specialties, will relocate from Bermuda to the firm’s London office. Pet...
Mar 06, 2014
Reinsurance

LeStrange to be Pine River Re chairman — report

Former Edurance CEO Ken LeStrange is reportedly set to take the role of chairman at new hedge fund-backed reinsurer Pine River Re. The move, reported by The Insurance Insider citing unnamed sources, would reunited Mr LeStrange with his former Endura...
Mar 06, 2014
Reinsurance

ILS growth expected to accelerate

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 ...
Mar 06, 2014
Reinsurance

Wilton Re announces second acquisition in a month

Bermuda-based life reinsurer Wilton Re Holdings Ltd yesterday announced an agreement to acquire Conseco Life Insurance Company from CNO Financial Group for around $237 million. It was the second deal announced by the company in the space of a month, ...
Mar 04, 2014
Reinsurance

Reinsurers face hefty bill from severe weather

Bermuda reinsurers could be in the hook for larger winter claims than normal coming from both sides of the Atlantic, after a string of storms hit the US and UK over the past few weeks. PCS, a division of Verisk Analytics, has already calculated insur...
Mar 04, 2014
Reinsurance

Gibraltar’s ILS ambitions should ‘keep us on our game’

A bid by Gibraltar to muscle in on the lucrative insurance-linked securities (ILS) market should “keep us on our game”. And Greg Wojciechowski, an ILS Bermuda committee member, said: “I don’t know that it’s competition — but it should keep us on our ...
Mar 03, 2014
Reinsurance

Argo teams up with Horseshoe to strengthen ILS offerings

Bermuda reinsurer Argo Re plans to team up with insurance-linked securities (ILS) experts Horseshoe Re Ltd to expand its reinsurance product offerings. Horseshoe Re is a member of Bermuda-based Horseshoe Group, a leader in innovative solutions for t...
Mar 03, 2014
Reinsurance

Third Point Re profits rise 32%

Third Point Reinsurance’s fourth-quarter net income rose 32 percent, the company reported, helped by strong investment income from its hedge fund asset manager. Profit for the quarter was $80.1 million, or 75 cents per diluted common share, for the f...
Feb 28, 2014
Young Observer

BFIS hosts Speed Networking Lunch

Wednesday, BFIS hosted a similar event for students interested in Accounting or Finance and tomorrow more students will meet with professional at a Speed Networking event on insurance. Some of the questions interviewers asked included: - “When did y...
Feb 27, 2014
Reinsurance

‘Vital’ that TRIA is extended

The extension of the Terrorism Risk Insurance Act of 2002 (TRIA) — set to expire at the end of this year — is at the top of the re/insurance industry’s federal legislation priorities list, according to industry publication Business Insurance. It stat...
Feb 26, 2014
Reinsurance

Canopius celebrates its partnership with Bermuda

Specialty re/insurer Canopius Group Ltd held a reception to mark a successful partnership with Bermuda in the wake of the company’s takeover by Japanese giant NKSJ Holdings. The event, which took place at the Masterworks Museum of Bermuda Art, was at...
Feb 26, 2014
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