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Managing the New World Order: P&C Investment Highlights

Perspectives: Our view on insurance capital management topics

Fri 30 Nov 2018

News

Q2 ILS issuance falls for first time since 2016, risk-return negative

Second quarter ILS issuance fell for the first time since 2016 as alternative capital market investors witnessed a negative risk-return trade-off for cat bonds, according to the Bermuda Monetary Authority.

Fri 30 Nov 2018

News

Results

Ardonagh posts £69mn loss for 9m 2018

Expansive UK broking Group Ardonagh said its pre-tax losses shrank to £69mn for the first nine months of the year, an improvement on the £98mn loss a year earlier for the same period.

Fri 30 Nov 2018

Sirius given AM Best boost following NASDAQ listing

News

Rating actions

Sirius given AM Best boost following NASDAQ listing

On the eve of the 1.1 renewals, Bermuda-headquartered Sirius International Insurance Group (SIIG) received a boost with AM Best affirming its A (excellent) Group financial strength rating and removing its negative outlook.

Fri 30 Nov 2018

Lloyd’s reinsurer Labuan Re put on negative outlook

News

Rating actions

Lloyd’s reinsurer Labuan Re put on negative outlook

Malaysian reinsurer Labuan Re has had its AM Best A- financial strength rating put on negative outlook as it contemplates another year of underwriting losses in both its international and domestic boom.

Thu 29 Nov 2018

News

Ariel Re: Retro driving 1.1 property cat rate rises

Property cat rates will rise in 2019 fuelled in part by a decline in confidence among some ILS investors which is having a notable impact in the retro markets, a leading Bermudian cat reinsurer predicted today.

Thu 29 Nov 2018

News

Culture shift driving a world of ‘fewer, lighter and leaner’ carriers

The number of carriers in the (re)insurance market will shrink as (re)insurers adapt to evolving market conditions, Michael Millette, managing partner of Hudson Structured Capital Management has said.

Thu 29 Nov 2018

News

Blockchain needs to be adopted by all to be of use

Senior executives from the Bermuda market have debated the benefits blockchain technology can bring to the (re)insurance market.

Thu 29 Nov 2018

Axa commits to Lloyd’s following $15.3bn XL deal

News

M&A

Axa commits to Lloyd’s following $15.3bn XL deal

The Lloyd’s market remains a key part of Axa XL’s distribution capability, Axa XL CEO Greg Hendrick told investors yesterday, as the executive affirmed the carrier’s commitment to Lime Street.

Thu 29 Nov 2018

News

Marine

RKH swoops on JLT Re for Asia Pacific marine head

RKH Specialty has named Julian Franzman as head of marine cargo, hull and liabilities for Asia Pacific.

Thu 29 Nov 2018

News

Duperreault encourages more Bermuda InsurTechs

Start-ups must continue to present new innovative ideas to shake-up the (re)insurance industry in Bermuda, AIG’s chief executive Brian Duperreault has said.

Thu 29 Nov 2018

Ardonagh income climbs 11% in first nine months

News

M&A

Ardonagh income climbs 11% in first nine months

The Ardonagh Group has seen income jump 11.2 percent in the first nine months ended 30 September 2018.

Wed 28 Nov 2018

Starr injects $50mn into new European insurer

News

Brexit

Starr injects $50mn into new European insurer

US carrier Starr has injected $50mn into its European subsidiary Starr Europe based in Malta.

Wed 28 Nov 2018

Axa XL commits to using more ILS capacity to continue de-risking; raises profit targets

News

Losses

Axa XL commits to using more ILS capacity to continue de-risking; raises profit targets

Axa XL will continue de-risking its cat exposures in 2019 through increased use of ILS, selective underwriting and more reinsurance purchasing, Axa XL CEO Greg Hendrick explained today.

Wed 28 Nov 2018