Credit Suisse, one of the industry’s two largest ILS fund managers, has launched a Bermudian reinsurer Bernina Re which will act as a transformer vehicle for many of its ILS transactions.
(Re)insurance blockchain experts ChainThat are aiming to unlock the potential of the distributed ledger technology to improve the entire industry value chain, according to the company’s COO Vikas Acharya.
Legacy giant Enstar has confirmed the appointment of investment bank Evercore to sell its two live underwriting businesses.
While blockchain has the potential to disrupt the entire financial services industry, the technology requires the whole (re)insurance industry to participate in order for it to bring substantive change to the market, according to Xceedance CEO Arun Balakrishnan.
AM Best has said PartnerRe’s ability to eke out an underwriting profit last year - despite a swathe of devastating catastrophes - helped its decision to assign a positive outlook to the reinsurer’s “A” financial strength rating.
Insurance carriers may be exposed to ‘silent’ risks from blockchain as companies begin to use the technology underpinning cryptocurrencies in their operations, according to Willis Towers Watson’s Magdalena Ramada.
Neon has made two appointments to its Bermudian operations as it builds out its presence on the island.
Bermuda will have an InsurTech regulatory sandbox regime in place by the end of July in the latest sign of the island’s commitment to having a flexible regime that can adapt quickly to technological change.
Marsh & McLennan Companies-owned managing general underwriter, Schinnerer Group, has rebranded to Victor as it looks to double premiums to $2bn.
Fidelis has launched a $50mn ILS sidecar based in Bermuda to provide collateralised capacity support for the carrier’s reinsurance book.
Axis has made a number of changes to the leadership team of its reinsurance division, following the appointment of Steve Arora as CEO earlier this year.