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Insurance

Reinsurance

"Cat bond issuance likely to grow"

BERN, Switzerland (Bloomberg) Axa SA, Europe’s second-biggest insurer, said total issuance of bonds designed to protect insurers from the risk of paying out on natural disasters could increase by 30 percent to $6 billion this year. “More new sponsors...
Feb 06, 2012
International Business

"RIMS names new president"

The Risk and Insurance Management Society (RIMS) announced their new president this week. Deborah M. Luthi, ARM will lead the Society for the 2012 term, starting this month. Ms Luthi is the enterprise risk manager for the San Francisco Public Utilit...
Jan 31, 2012
Other

"Bermuda-based Juniperus sold to Greenberg-led Aquiline Capital"

Bermuda-based catastrophe investment manager Juniperus Capital has been sold to the insurance-specialist private equity investor Aquiline Capital Partners. Aquiline bought out the existing shareholders of Juniperus Capital, Trading Risk reported yest...
Jan 27, 2012
Reinsurance

"Hardy: Montpelier report a “rumour” "

Bermuda-based re/insurer Hardy Underwriting yesterday declined to comment on a report that Montpelier Re may be a potential buyer. An article published by London-based Insurance Insider claimed that Bermuda-based Montpelier Re, along with Japanese un...
Jan 27, 2012
Reinsurance

"RenaissanceRe: Flooding in Thailand to impact Q4 results"

Bermuda-based RenaissanceRe announced yesterday that it expects its Thai flooding exposure to impact their fourth quarter results by $45 million. According to a company statement released yesterday, RenaissanceRe’s initial estimated net negative impa...
Jan 26, 2012
Reinsurance

"Third Point Re hires two from Aon Benfield"

New Bermuda-based reinsurer, Third Point Re, is building its team with the hiring announcement of two senior executives, both from Aon Benfield. Rob Bredahl was appointed as chief financial officer and chief operating officer, and Dan Malloy was name...
Jan 23, 2012
Other

"Sharp rise in company liquidations"

While the number of re/insurance companies incorporating in Bermuda has risen, the number of companies closing up shop is the highest in a decade, showed Registrar of Companies figures. Twenty-nine companies were either liquidated or struck off the B...
Jan 23, 2012
Other

"New IDC award recognises volunteer service in industry"

The Bermuda Insurance Development Council (IDC) has launched a new award recognising outstanding volunteer service to the Bermuda industry by insurance professionals. The IDC created the award to recognise those in the industry who give their time a...
Jan 23, 2012
Reinsurance

"Third Point appoints Marshall EVP"

New reinsurer, Third Point Re, has appointed Bermudian Tonya Marshall to executive vice president, general counsel, and secretary with the company John Berger, chairman and CEO of Third Point Re, welcomed Ms Marshall: “We are delighted that someone o...
Jan 20, 2012
Reinsurance

"Alterra given approval to launch Brazilian operation"

Alterra Capital Holdings Ltd has announced that it has received approval from the Brazilian re/insurance regulator, Superintendencia de Seguros Privados (SUSEP), to establish a local reinsurance company. Alterra Resseguradora do Brasil SA (Alterra Re...
Jan 19, 2012
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