ORIGINAL PUBLICATION HERE The coastal Indian state of Kerala suffered an estimated economic loss of $4.5bn due to the floods that ravaged the state in August this year. Kerala has demanded that the federal Indian government provide additional resources to rebuild the state’s damaged infrastructure. Kerala’s demand for additional resources has initiated a debate about […]

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 Bermuda’s historic business bonds with London and potential future synergies through fintech and emerging technologies were key themes of a multi-industry forum in London yesterday. Close to 200 industry professionals from a range of business sectors, from shipping to insurtech, attended the Bermuda Executive Forum held at ME London by the Bermuda […]

ORIGINAL PUBLICATION HERE The insurance-linked securities (ILS) market has come around full-circle with the majority of insurers and reinsurers now embracing an asset class that is modernising insurance practices, according to industry experts and executives. Speaking with A.M. BestTV at the ILS Bermuda 2018 Convergence event held recently, ILS market experts discussed how the ILS […]

ORIGINAL PUBLICATION HERE A report from Kroll Bond Rating Agency (KBRA) highlights the ability of Bermuda over the years to re/invent to address insurance and reinsurance market challenges, underlining its significance to the global re/insurance market. Today, and despite an array of market headwinds, the island of Bermuda remains a seasoned provider of re/insurance and […]

ORIGINAL PUBLICATION HERE. НА РУССКОМ ЗДЕСЬ Parametric cat bonds can help the countries of South Eastern Europe, Central Asia, Caucasus, The Commonwealth of Independent States as well as Turkey (ECIS) cope with the protection gap in natural catastrophe risk, Kirill Savrassov, CEO of Phoenix CRetro, a niche Bermudian ILS specialist, told Baden-Baden Today. “With low […]

ORIGINAL PUBLICATION HERE. НА РУССКОМ ЗДЕСЬ 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 […]

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 […]