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RenRe forecasts $155mn hit from third quarter nat cats

2018-10-18T09:05:00+01:00

Blue-chip Bermudian reinsurer RenaissanceRe has said it expects its third quarter 2018 results to be hit by a $155mn natural catastrophe bill.

Liz-Breeze

Hiscox appoints Breeze Re & ILS CFO

2018-10-11T08:19:00+01:00

Hiscox has named Liz Breeze as its chief financial officer of its reinsurance and alternative capital arm - Hiscox Re & ILS.

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Maiden share price leaps on bid war speculation

2018-10-08T08:18:00+01:00

Shares in Bermudian carrier Maiden Holdings leapt almost 15 percent on Friday as investors contemplated the prospect of a potential bid-war between two heavyweight investors, Apollo Global Management and Stone Point Capital.

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First quarter ILS issuance up 54 percent

2018-10-03T09:24:00+01:00

First quarter ILS issuance activity rose 54 percent in year-on-year as alternative capital markets bounce back after the impact of Hurricanes Harvey, Irma, Maria, according to the Bermuda Monetary Authority.

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RenRe investors TimesSquare push for sale

2018-10-02T15:57:00+01:00

Blue-chip Bermudian reinsurer Renaissance Re has seen its share price jump today following a call from a long-term shareholder to initiate a sales process.

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Maiden shares up 13% after Catalina continued stake-building

2018-09-17T07:04:00+01:00

Catalina Holdings has continued to build its stake in embattled carrier Maiden despite being recently trumped by fellow Bermuda run-off firm Enstar Group to acquire $1.3bn of reserves relating to the reinsurer’s North American arm.

Bermuda

Brindle adds CUO title at Fidelis as Savill departs

2018-09-14T12:49:00+01:00

Fidelis boss Richard Brindle has added group chief underwriting officer to his existing responsibilities - as chairman and CEO of the Bermudian - as Ben Savill leaves the (re)insurer.

AXA logo on building

XL delists as Axa deal completes

2018-09-13T11:29:00+01:00

Shares in XL Group have ceased trading on the New York Stock Exchange after Axa completed its $15.3bn deal to buy the Bermudian, which it says will provide “enhanced diversification and alternative capital”.

Cyber crime

Plugging technology gaps to add value to cyber risk mitigation

2018-09-12T03:59:00+01:00

Reinsurers are quickly becoming leaders in the understanding and management of cyber risks, writes Axis Re’s chief underwriting officer Megan Thomas.

Chris O'Kane

O’Kane acknowledges likely Aspen exit

2018-09-09T05:49:00+01:00

Aspen Insurance Holdings CEO Chris O’Kane has acknowledged there will likely be senior management changes at the Bermudian firm once the agreed $2.6bn buy-out by investment heavyweight Apollo Global Management closes next year.

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The industry can’t just rely on cat free years to make money: IGI

2018-09-09T06:27:00+01:00

(Re)insurers cannot count on benign catastrophe years in order turn a profit, the chief executive of IGI UK has said

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Could opiates be the next casualty cat?

2018-09-09T06:15:00+01:00

(Re)insurers must be ready to respond to the profound challenges posed by the US opioid crisis, argues Erik Soria who heads up casualty reinsurance, Sirius Bermuda

Chris O'Kane

O’Kane acknowledges likely Aspen exit after $2.6bn Apollo deal

2018-09-09T06:05:00+01:00

Aspen Insurance Holdings CEO Chris O’Kane has acknowledged there will likely be senior management changes at the Bermudian firm once the agreed $2.6bn buy-out by investment heavyweight Apollo Global Management closes next year.

Hamilton, Bermuda

AM Best goes negative on Maiden over deal uncertainty

2018-08-31T07:47:00+01:00

AM Best has put Maiden’s “A-” financial strength rating at risk after the Bermudian announced plans to offload its $1.1bn North American business and sell a significant renewal book to TransRe.

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AM Best puts Aspen’s rating under review after $2.6bn Apollo deal

2018-08-30T07:35:36.223+01:00

AM Best has said it is reviewing Aspen’s “A” rating after the announcement earlier this week that the Bermudian had reached a $2.6bn deal to be acquired by Apollo Global Management.

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Maiden in advanced talks to sell US arm as TransRe buys renewal rights

2018-08-30T09:01:00+01:00

Troubled Bermudian Maiden has struck a deal to sell a portfolio to TransRe and revealed that it is in “advanced discussions” to offload its $1.1bn North American business to an as-yet-unnamed third party.

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PartnerRe replaces Exor CEO as chairman

2018-08-30T15:30:00+01:00

Bermudian carrier PartnerRe has named Brian Dowd its next chairman as it unveiled a restructure of its board of directors.

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Apollo can walk away if Aspen downgraded or net cat losses exceed $350mn

2018-08-28T12:09:00+01:00

Investment firm Apollo Global Management can walk away from its agreed $2.6bn acquisition of Bermudian (re)insurer Aspen Insurance Holdings if the Bermudian (re)insurer is downgraded by either AM Best or S&P rating agency before the transaction completes, Aspen’s 8-K filing today confirms.

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Aspen confirms $2.6bn Apollo buy-out

2018-08-28T07:27:00+01:00

NYSE-listed Aspen Insurance Holdings has confirmed this morning that it has agreed to a $2.6bn buy out from investment heavyweight Apollo Global Management, as predicted by re-Insurance.com yesterday.