Hints and tips:
...offshore in places such as Bermuda....
...and liabilities to reinsurers, often based in Bermuda....
...Aspen is owned by private equity group Apollo and sells insurance and reinsurance through the Lloyd’s of London market as well as in Bermuda and the US....
...The syndicate will look to write business across multiple insurance and reinsurance lines, including political violence, marine, aviation and property catastrophe....
...The IMF officials also warned about the risks of private capital groups establishing offshore Bermuda-based reinsurance businesses....
...Haymarket also lent $91mn to Jarm Capital, a Delaware company then owned by Josh Wander, co-founder of 777, according to a person familiar with the situation....
...Lloyd’s, a centuries-old marketplace where brokers and insurers come together to agree coverage for a range of risks, is one of the global hubs for property catastrophe reinsurance, which pays out when a...
...But should the wholesale insurance market in London instead be pushing for a Bermuda-on-Thames regime for the UK reinsurance industry?...
...But there is a fragility to this recent success. Last year’s results benefited from fewer hurricane claims as well as a steep rise in reinsurance prices....
...“The big question is, can the PE firms be a trusted owner of a life insurance company?” said Isabelle Santenac, global insurance leader at consultancy EY....
...Bermuda in the growing market for insurance-linked securities....
...Reinsurance industry executives also discussed the outlook for Bermuda as a global hub for reinsurance, given the prospect of a global minimum tax rate and pressure from regulators elsewhere to tighten its...
...The performance was helped by a quiet year for hurricane claims as well as a rapid run-up in reinsurance prices over the past 18 months....
...insurance company....
...The Canadian group also created a reinsurance affiliate to initially manage $5bn of the Iowa company’s annuity liabilities and today owns 18 per cent of the insurer....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...A Bermudian financial structure used by the Miami-based bidder for Everton Football Club to funnel money invested for widows and orphans into the sport has begun to unravel. 777 Re, a Bermuda-based reinsurer...
...The company also claimed for about €3.7mn for a damage survey, plus other costs. Lloyd’s of London and Arch declined to comment....
...But in a statement early on Thursday, the company expressed regret over the tragedy....
...Property casualty reinsurance is not cyclical, so it’s not a bet on a confusing economy; pricing and contract terms in reinsurance in particular are better and tighter now than they have been in years; and...
...Dubbed Project Bluebird, the research is a partnership between National Air Traffic Services, the company responsible for UK air traffic control, the Alan Turing Institute, a national body for data science...
...A declination is a case that would have been pursued except for the company’s voluntary disclosure, full co-operation and remediation of the matter....
...In response, the industry and government came together to create Pool Re, a terrorism reinsurance scheme underpinned by a state guarantee....
...“I think you’re going to see a much stronger movement in price for European reinsurance business,” he said in an interview on Thursday, adding that reinsurance price increases would feed through to primary...
...This has resulted in five-year average returns on equity for reinsurers fluttering around a paltry 5 per cent for the past three years, the lowest levels in more than a decade....
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