Reinsurers Welcome Rate Stabilization: S&P-PwC Bermuda Reinsurance Forum November 18, 2016 North American reinsurers may soon see some rate stabilization after a prolonged period of declining premium rates, as they deal...
Mitsui Buys 15% Stake in XL’s ILS Firm, New Ocean Capital October 21, 2016 By Jordyn Holman Mitsui & Co., Japan’s second-biggest trading house, agreed to purchase a 15 percent stake in New Ocean Capital, the asset...
Hiscox Expansion of ILS Activity Includes New Collaterized Capability, Rebranding September 13, 2016 Insurer Hiscox said it is building a collateralized reinsurance insurance linked securities (ILS) capability for launch on January 1, 2017,...
Italy Earthquake Unlikely to Trigger 200M Euro Cat Bond Cover: Investors August 24, 2016 A powerful earthquake in Italy on Wednesday is unlikely to force UnipolSai’s 200 million euro ($226 mln) catastrophe bond into...
Soft Prices May Bring Reinsurer Losses when Typical Cat Levels Return: Execs August 23, 2016 By Oliver Suess and Jan-Henrik Förster It won’t take another Hurricane Katrina for reinsurers to face losses from covering the cost of storms and earthquakes. Competitors...
Sciemus’ Move into Specialty Underwriting: A Case of ‘Adapt and Thrive’ August 3, 2016 By L.S. Howard It was a case of adapt and thrive when modeling and analytics company Sciemus made a big strategic leap this...
Non-Life Cat Bond Issuance Hits $2.8B During 1H 2016: Willis Towers Watson Report July 12, 2016 Total non-life catastrophe bond market issuance for the first half of 2016 rose to $2.8 billion, according to the latest...
Coastal Insurer UPC’s First Catastrophe Bond Provides It with $100M Cover July 8, 2016 Swiss Re Capital Markets said it has structured and placed $100 million of insurance-linked securities (ILS) that cover named storms...
Market Softening Slows but Rate Stabilization Is Elusive: Willis Re July 6, 2016 The June/July 2016 renewal season has seen a continuation in market softening, though the magnitude of rate reductions is slowing,...
Bermuda Market Associations Allay Fears of Brexit Contagion July 1, 2016 Four leaders of Bermuda market groups quickly issued statements last week to allay any fears that the fallout from the...