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AXA XL wants to create tradable Ocean Risk Index

AXA XL, the global specialty insurance and reinsurance unit of the AXA Group, continues to work on initiatives related to climate risk and our oceans, with one area of work being pursued an Ocean Risk Index that could be used for risk transfer.AXA XL has been involved in a range read the full article →

ILS integral to the business, brings capital to big problems: RenRe CEO O’Donnell

Insurance-linked securities (ILS) are integral to the business of insurance and reinsurance and an ideal solution for bringing capital to the big problems facing society, according to RenaissanceRe CEO Kevin O'Donnell.Giving a keynote speech at the ILS Bermuda Convergence 2019 conference today, the CEO of Bermuda headquartered global reinsurance firm read the full article →

ILS plays vital role, convergence continues apace: ILS Bermuda speakers

The insurance-linked securities (ILS) market plays an increasingly important role in supporting global insurance and reinsurance protection, while at the same time the convergence of ILS with traditional market structures continues apace.Introducing today's ILS Bermuda Convergence 2019 conference held in Hamilton, speakers discussed the key role of ILS in the read the full article →

Tysers launches in Bermuda, targets production of ILS related business

Near 200 year old insurance and reinsurance broking group Tysers has opened its first Bermuda office as it seeks further expansion and to produce business from both traditional and alternative or ILS markets on the island.Tysers has a long history of specialty lines broking, particularly in the London market, but read the full article →

Bermuda ILS related re/insurer registrations rose slightly in H1 2019

Registrations for new insurance and reinsurance vehicles that are related to catastrophe bonds and other insurance-linked securities (ILS) use-cases have risen slightly in the first-half of 2019.This is promising for ILS, catastrophe bond and collateralized reinsurance market activity over the rest of the year, as despite the impacts of heavy read the full article →

Bermuda re/insurance registrations rise in 2018, SPI formation up again

The Bermuda insurance and reinsurance market saw an increased number of company registrations in 2018, with special purpose insurers' (SPI's) for ILS and collateralized structures up again.The registration of insurance-linked securities (ILS) and catastrophe bond vehicles continues apace in Bermuda, with 28 new SPI's registered in 2018, up from 24 read the full article →

Capital market to pay share of $25bn+ Bermudian loss from hurricanes

The Bermuda re/insurance market is expected to face a bill of somewhere around $25 billion from recent hurricane events, with the capital markets set to pay a considerable share, through the islands alternative capital, collateralized reinsurance and ILS fund vehicles.The Association of Bermuda Insurers & Reinsurers (ABIR) estimates that of read the full article →

Bermuda reinsurance market returns hit five-year low: A.M. Best

"Negative trends have become increasingly evident" when looking at Bermudian insurance and reinsurance company results, according to A.M. Best, as the Bermuda market increasingly struggles to generate a profit that covers its cost-of-capital.In its latest analysis of the A.M. Best Bermuda Market Composite, the rating agency highlights that the pressure read the full article →

Artemis ILS Bermuda Executive Roundtable 2016

Welcome to the second Artemis ILS Bermuda Executive Roundtable, in which our participants explore a variety of challenges and opportunities for the sector as it continues down its impressive growth path in Bermuda, and beyond.Bermuda remains a leading domicile for global ILS business, but as other international financial hubs continue read the full article →

Hurricane Nicole, a major storm, approaches Bermuda

Updated Oct 13th, 14:00 BST 10:00AST: Hurricane Nicole has remains a very strong Category 3 hurricane, with sustained winds of 125mph and higher gusts, and continues to track towards Bermuda where its large eye is forecast to pass very close to or even over the island.Nicole was named a tropical read the full article →