ILS Market Hits New Record of $70B in 2015: Willis Capital Markets & Advisory January 20, 2016 Total non-life insurance linked securities (ILS) capital reached a record $70 billion at year-end 2015 – topping the previous record...
Everest Re Announces Senior Leadership Changes at Bermuda, Europe Operations January 19, 2016 Bermuda-based Everest Re Group Ltd. announced that Mark de Saram, managing director and chief executive officer of Everest Reinsurance (Bermuda)...
Paulson’s PaCRe Shuts Down After Investment Slump, Bermuda Tax Uncertainties January 13, 2016 By Sonali Basak and Zachary R. Mider Billionaire John Paulson’s New York hedge fund firm has shut an operation in Bermuda that had been targeted by a...
Costly Tianjin Blasts Have No Effect on Marine Reinsurance Prices: Carpenter January 8, 2016 Reinsurance rates in the marine sector continued to fall at the start of the year, in spite of the huge...
Third Point Re’s Stock Falls Below Level of 2013 IPO on Faltering Investments January 7, 2016 By Katherine Chiglinsky and Sonali Basak Third Point Reinsurance Ltd., which counts on hedge fund manager Dan Loeb to oversee its portfolio, fell below the price...
Capital Stabilizes, Prices Keep Softening During Jan. 1 Renewals: Guy Carpenter January 6, 2016 Reinsurance capital levels stabilized during the Jan. 1, 2016 renewals – showing no growth for the first time in several...
El Niño Helped Reduce Natural Catastrophe Losses in 2015: Munich Re January 4, 2016 By Jonathan Gould Insurers paid out around $27 billion for natural disaster claims last year with weather causing 94 percent of incidents, underscoring...
UBS Hedge Fund to Manage Money for Bermuda Reinsurer Launched by Enstar December 4, 2015 By Sonali Basak UBS O’Connor LLC, the $6 billion hedge-fund unit within Switzerland’s biggest bank, will manage money for a new Bermuda-based reinsurance...
XL to Sell $22B of Life Policies to RGA, as CEO McGavick Narrows Focus on P&C December 3, 2015 By Katherine Chiglinsky XL Group Plc agreed to sell about 290,000 life insurance policies at a loss to Reinsurance Group of America Inc....
AXIS Capital to Write Treaty Reinsurance Business via Lloyd’s China Platform December 2, 2015 Bermuda-based AXIS Capital Holdings Ltd. announced that AXIS Syndicate 1686 has recently received approval from Lloyd’s for the establishment of...