08/29/2023
Decline in reinsurance capacity
The report notes: “Most of these losses were due to rising interest rates, widening credit spreads and heightened equity market volatility."
AIM and Hedge Funds
08/29/2023
Ratings agency raises re/insurer’s rating after investment firm takes controlling interest
“The closing of the recently announced Prudential ULSG deal later in 2023 will further diversify and more than double total reserves.”
08/29/2023
Future-proofing Operational Models Key to Supporting Global GP Ambitions
Against this backdrop, stability and familiarity have become hugely significant with GPs increasingly veering towards operational models that can go some way towards mitigating regulatory uncertainty.
08/28/2023
Vistra completes merger with Tricor Group, a business expansion specialist in Asia
Vistra and Tricor are highly complementary businesses and have capabilities which together offer clients a range of significant value-creation opportunities.
08/25/2023
Axis recruits Berkshire Hathaway team to launch inland marine unit
Axis said the creation of the unit was part of the company’s move away from property catastrophe re/insurance to specialty lines.
08/25/2023
Economic growth to slow down to 3.7% this year
Central Bank of Malta publishes revised GDP forecast
08/24/2023
Kingsman and Brooks Macdonald embark on new chapter at new serviced office building
“We look forward to welcoming clients old and new to our new premises and helping them on their businesses journey.”
08/23/2023
Aspen’s profits soar as volatility reduction takes hold
Gross written premium fell from $2.35 billion to $2.16 billion in the period and net earned premiums fell from $1.33 billion to $1.29 billion.
08/23/2023
Fidelis reports Q2 net income of $83.9m
Gross premiums written were $957.2 million, growth of 25.3 per cent from Q2 2022.
08/23/2023
Arch Capital subsidiary invests in pioneering Now Insurance
It said chief among these is the introduction of a new portal for brokers, who will soon be able to submit and bind medical malpractice coverage online for physicians.
08/23/2023
BF&M bounces back to profit in first half of year
This compared to a loss of $31.9 million in Q2 2022 as restated under IFRS 17.
08/23/2023
Sadu Capital’s VC fund picks Apex Group services
This appointment, by a reputable VC firm such as Sadu, demonstrates the application of Apex Group’s single-source solution
08/22/2023
Altum Group acquires Link Luxembourg
It is authorised to deliver management company services to alternative investment funds and open-ended mutual funds within the EU.
08/22/2023
Reinsurer consolidation more likely than a Class of 2023, says AM Best
The report said “years-long disappointing operating results and rising interest rates” meant that other investing options were more attractive than reinsurance, especially on a risk-adjusted basis.
08/21/2023
HSBC switches to eco-friendly bank card
Customers will be issued a card made of recycled materials when their existing cards expire or are lost, to further reduce waste.
08/21/2023
Bermuda domicile good for Norway exchange listing
The Oslo Børs Exchange experienced a strong 2022 performance in both shipping and oil and gas, which remain core sectors in Norway.
08/18/2023
PwC Bermuda offering ‘completely integrated’ because of ILS: Megan Green
“Now you look at it, and we’re just completely integrated because of the ILS space.”
08/18/2023
SFL reports Q2 net income of 16.9m
The company declared its 78th consecutive quarterly dividend of $0.24 per share.
08/18/2023
Assured Guaranty to issue $350m in senior notes
Bermuda-based Assured Guaranty said the senior notes will be issued with a 6.125% coupon and will be redeemed in 2028 and are expected to settle on August 21.
08/18/2023
Validus to redeem almost $200m of notes
American International Group, which owns Validus, said the notes – valued at $199,115,000 - would be redeemed on September 21.