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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 →

Excess capital threatens Bermuda re/insurer performance: Fitch

The profitability of Bermuda domiciled reinsurers is under threat from the abundance of traditional and alternative reinsurance capital that continues to drive down pricing in the sector, among a series of other market challenges, according to Fitch Ratings.International financial services ratings agency, Fitch Ratings, has noted signs that the already read the full article →

Collaboration key in creating, maintaining Bermuda’s ILS industry: BDA

Collaboration between the Bermuda government and a range of local service providers has enabled the island to become a leading domicile for insurance-linked securities (ILS) business, according to the Bermuda Business Development Authority (BDA).In the last six to seven years Bermuda has seen itself transform into a global hub for read the full article →

ILS market top opportunities & concerns revealed in BDA survey

The evolving insurance-linked securities (ILS) sector continues to present both challenges and opportunities for participants, with respondents to a recent ILS survey highlighting competition as a threat to sector growth.Meanwhile, new products, new geographies, and innovation were noted as just some of the potential opportunities for the space, both now read the full article →

ILS market economic impact on Bermuda revealed in study: BDA

In total, insurance-linked securities (ILS) business in Bermuda generated $734 million into the domiciles economy in 2015, as the island saw a rise in ILS sector employment, according to a recent survey commissioned by the Bermuda Business Development Authority (BDA).More than 400 jobs were generated in the Bermuda ILS and read the full article →

ILS Bermuda sets date for Convergence 2016 event

The date has now been set for the 2016 running of the Bermuda Convergence 2016 networking event, with the ILS Bermuda steering committee announcing that this year will see the event held in Hamilton, Bermuda on November 9th and 10th.The Convergence 2015 event saw over 300 delegates attend, with 59% read the full article →

Bermuda’s regulation enhances business opportunities: Brad Adderley

Bermuda’s mature, sophisticated regulatory environment has aided its development into a world-leading hub for reinsurance and insurance-linked securities (ILS) business, and according to Appleby’s Brad Adderley, change in regulation has enhanced business opportunities, not diminished them.Brad Adderley, Partner, Corporate at lawfirm Appleby in Bermuda, speaking at a recent Artemis executive read the full article →

Artemis ILS Bermuda Executive Roundtable 2015

Welcome to the first Artemis ILS Bermuda Executive Roundtable, in which our participants discuss burning issues affecting the sector, Bermuda, with an eye on innovation and what the future might hold for ILS in Bermuda, and beyond.As the ILS asset class continues down its impressive growth path, expanding its influence read the full article →