Bermuda, Hamilton

Credit Suisse launches Bermuda reinsurer Bernina Re

2018-06-20T16:27:00+01:00

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.

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ChainThat aims to unlock blockchain potential in (re)insurance

2018-06-19T14:16:00+01:00

(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.

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Enstar weighs Atrium and StarStone sale in frothy M&A market

2018-06-18T13:16:00+01:00

Legacy giant Enstar has confirmed the appointment of investment bank Evercore to sell its two live underwriting businesses.

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Blockchain requires buy-in of whole industry ecosystem: Balakrishnan

2018-06-18T15:06:00+01:00

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.

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AM Best goes positive on PartnerRe

2018-06-15T16:32:00+01:00

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.

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Nerds rule the world these days

2018-06-12T13:50:00+01:00

Or at least that’s how the commonly accepted wisdom goes.

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Insurers exposed to ‘silent blockchain risk’

2018-06-11T17:45:00+01:00

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.

Bermuda

Neon bolsters Bermuda operations with a duo of hires

2018-06-08T09:18:00+01:00

Neon has made two appointments to its Bermudian operations as it builds out its presence on the island.

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Bermuda regulatory sandbox in place by summer: Premier Burt

2018-06-07T21:24:00+01:00

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.

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Schinnerer Group plans to double premium to $2bn following rebrand

2018-06-05T09:55:00+01:00

Marsh & McLennan Companies-owned managing general underwriter, Schinnerer Group, has rebranded to Victor as it looks to double premiums to $2bn.

Bermuda, waterfront

Fidelis mints $50mn Bermuda sidecar

2018-06-04T14:14:00+01:00

Fidelis has launched a $50mn ILS sidecar based in Bermuda to provide collateralised capacity support for the carrier’s reinsurance book.

Bemuda skyline, Hamilton

Axis Re restructures leadership team under Arora

2018-05-31T14:06:00+01:00

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.

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O’Hara joins cyber start-up Envelop Risk

2018-05-31T07:09:00+01:00

Brian O’Hara, a leading forefather of Bermuda’s (re)insurance industry and the former CEO of XL, has joined start-up cyber analytics firm Envelop Risk.