04/05/2023

Gallagher Re: reinsurance renewal discipline held

It noted: “In some cases, particularly within smaller markets that had escaped previous rate hikes, significant structural changes were imposed by reinsurers. These dramatic adjustments may have impacted ceding insurers’ financials profoundly.

04/05/2023

TISE continued strong performance in 2022

More jurisdictions also facilitated their business with TISE, with three new members from Ireland and one from Jersey joining 39 other trading members.

04/04/2023

Clarien buys Omnium Group

Omnium Trust will amalgamate with Clarien Trust Limited, and Omnium Corporate Services will amalgamate with Clarien Corporate Services Limited.

04/04/2023

Fortitude Re closes block reinsurance deals

“We are pleased to announce two significant reinsurance transactions with our partners in Japan, which will continue to propel our international strategy to deliver thoughtful and tailored reinsurance solutions on a global scale.”

04/03/2023

Buyers absorbed more rate hikes in April 1 renewal

The combination of catastrophe losses and mark to market investment losses in 2022 means reinsurers will continue to coax the market towards rates which will help returns exceed the cost of capital.

03/30/2023

BDA releases end-of-year report

Similarly, the BDA assisted a client with setting up a Class 4 reinsurer in Bermuda within a limited time frame in December 2022

03/28/2023

BF&M loses nearly $9 million for the year

Our balance sheet and capital position is exceptionally strong, supported by effective risk management and disciplined capital allocation across our diversified businesses.