Bermuda
Interview: David Cash - Endurance test
David Cash, CEO Endurance Specialty Holdings, talks to Katherine Blackler about how he has grown with the Bermuda market and the challenge of taking over the reigns from Kenneth LeStrange
News review: Loss estimates roll in from Chile earthquake and European storms
The earthquake in Chile and European windstorms dominated the headlines in recent months. Katherine Blackler analyses the loss estimates rolling in from reinsurers
UK General in talks to add to Fortis MGA capacity
UK General is actively seeking new capacity following its recent split with Aviva.
Reinsurance TV: WIF and the Bermuda Reinsurance Club
Reinsurance editor Katherine Blackler talked to the great and the good of Bermuda and London at the World Insurance Forum and Bermuda Reinsurance Club events earlier this month.
Aspen Chile quake losses up to $110m
Aspen announces its preliminary loss estimates for Chile earthquake, European Windstorm Xynthia and the Australian hailstorms and floods.
Endurance raises $85m
Bermudan (re)insurer reopens 2004 debt offering of 7% senior notes due 2034 to raise funds for “general corporate purposes.”
Catlin founder: Bermuda tax rises a nasty surprise
The increasing cost of employing people in Bermuda will add to the pressure on the Island's global reinsurers to locate more jobs in cheaper jurisdictions according to Stephen Catlin
Flagstone proposes domicile move
Flagstone Re has said that it wants to move domicile from Bermuda to Luxembourg.If approved by shareholders, Flagstone said that it expects the redomestication to take place over several months.
Canopius delivers profit of £55m for 2009
Canopius Group, the privately-owned Lloyd’s insurance underwriting business, has reported profit before tax of £55m up from £43m in 2008 and profit before tax excluding foreign exchange on non-monetary items of £74m.
Bermuda Insurance Exchange under discussion
Plans to create a Bermuda Insurance Exchange have been put to Government, Flagstone Re chairman Mark Byrne has revealed at a Reinsurance Magazine event on the island.
Axis releases $500m of Senior Notes
Net proceeds for the offering to be used for “general corporate purposes.”
Pexton named as new Omega CEO
Omega has named former chief executive of Heritage Underwriting Agency Richard Pexton as its new CEO. Mr Pexton, who also joins the Omega board, replaces Richard Tolliday (pictured).
Ace outlines $125m cat losses from first quarter
Ace has announced its estimated net after-tax losses in the first quarter from natural catastrophes will be approximately $125m, including reinstatement premiums.
XL faces $230m losses from Chilean quake and European windstorm
XL Capital has announced preliminary net loss estimates for the earthquake in Chile and European Windstorm Xynthia.
Bermuda: Beware reliance on ERM models
John Molbeck, president and CEO of HCC Insurance Holdings warned delegates at the World Insurance Forum this week that (re)insurers should be wary when using models as part of their enterprise risk management strategy.
Bermuda: M&A warning
Reinsurers and insurers must be careful when choosing partners for mergers and acquisitions a panel of executives at the World Insurance Forum in Bermuda have warned..
Renaissance Re, Everest Re deliver loss estimates
Bermudian reinsurers Everest Re and Renaissance Re have said that they will be hit by losses from the Chilean earthquake earlier in March.
Blog-re: Bermuda, fun in the sun?
The latest blog-re availible to read online now
Omega claims gains elsewhere offset Lloyd's reduction
The group's gross premium income remained almost static on US$265.8m (2008: US$265.4m), although Omega claimed to nhave seen "significant growth in new operating platforms in Bermuda and US".
Chaucer redomiciliation likely over tax fears
Chaucer has indicated that high corporation tax in the UK could force it to redomicile to Switzerland, Bermuda or Ireland in 2011, despite posting an increase in profit of £134.8m for 2009.
Corporate tax cut in New York proposed by NYIE - Wrynn
The New York Insurance Exchange may seek lower federal corporate tax to enhance its appeal, according to the Insurance Superintendent
Hardy records 78.1% combined ratio
Hardy Underwriting Bermuda has reported profit before tax and foreign exchange movements of £26.7m (2008: £4.4m).
Alterra names new executives
Alterra, the new name for the newly-combined entities of Bermudian reinsurance rivals Harbor Point and Max Capital, has named its executives.
Max ratings won't be affected by Harbor Point merger, say Fitch
Max Capital's announcement that it is merging with Bermudian rival Harbor Point is unlikely to affect its ratings, Fitch has said.