ORIGINAL PUBLICATION HERE Multi-cat bonds or other ILS solutions are the only viable solution for coping with natural disasters in the Eastern European and Commonwealth of Independent States region, and Bermuda could have a big role to play in making this happen, says Kirill Savrassov, chief executive of Bermuda-based Phoenix CRetro Reinsurance. The human cost […]

ORIGINAL PUBLICATION HERE The Bermuda Stock Exchange (BSX) continues to develop its core mission, which is to create and maintain a capital markets stock exchange platform for the benefit of Bermuda, according to Greg Wojciechowski, chief executive of the BSX. “The business model is robust and certainly the insurance-linked securities (ILS) element has continued to […]

ORIGINAL PUBLICATION HERE The ILS market in Bermuda looks very healthy, with more issuances and more platforms being built, Brad Adderley, partner in the corporate department of Appleby’s Bermuda office, told Monte Carlo Today. “2018 looks very good, particularly in the collateralised space,” said Adderley. “There are more issuances, and more people doing business—it’s gaining […]

ORIGINAL PUBLICATION HERE Eleven seasoned executives debated the industry’s response to the 2017 cat losses and how the relationship between ILS and traditional reinsurers continues to mature and evolve, at the annual Bermuda:Re+ILS roundtable in association with Markel Reinsurance held in Monte Carlo this week. The positive response of both traditional and alternative capital to […]

ORIGINAL PUBLICATION HERE Technology revolution: a report and panel discussion has looked at Bermuda’s potential to lead a revolution in the use of new technology in the reinsurance sector. Bermuda could spark a “reinsurtech” revolution, which combines insurtech with the island’s reinsurance expertise, according to panellists at an industry round table of experts hosted by […]

ORIGINAL PUBLICATION HERE The spotlight has been on the legal frameworks at play within offshore domiciles, but the rules that govern such jurisdictions are essential to their future success. “We think of ourselves as unique, from the restructuring point of view, and the way we work with the Bermuda Monetary Authority,” says Brad Adderley, re/insurance […]

ORIGINAL PUBLICATION HERE After a few years of sub-par returns, a continued withdrawal from direct investments in hedge funds, as companies try to ride out the volatility on the sidelines, is expected, says Jason Hopper of AM Best. Hedge fund performance has been volatile in 2018. The year started off favourably, according to Preqin, up […]

ORIGINAL PUBLICATION HERE Bermuda’s insurance and reinsurance industry remains committed to the European Union (EU), and companies domiciled on the island continue to assume increasing volumes of risk in EU member states, according to the Association of Bermuda Insurers & Reinsurers (ABIR). A recent survey by the ABIR, which collected 2017 data from all ABIR […]

ORIGINAL PUBLICATION HERE Growing influence: alternative capital is taking an increasing share of the reinsurance market, as this graphic from the AM Best report illustrates. Bermuda’s reinsurance market is facing multiple challenges, but it attractiveness to companies remains strong, says ratings agency AM Best. In a report on the global reinsurance sector, Best said challenges […]

ORIGINAL PUBLICATION HERE. На русском ЗДЕСЬ Disasters and the associated economic shocks are a significant threat to human life and personal wellbeing. While the costs have always been significant, disasters are increasingly more expensive.  Between 2005-2014, the Eastern Europe and Central Asia region alone faced 314 disasters, resulting in more than 60,000 people killed, 11 million people […]