News
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News AgendaRansomware attacks more than double in 2019
Number of ransomware attacks reported in Q1 2019 rose 105% from same period in 2018, according to Beazley
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News Agenda
Further consolidation of European insurers expected
After a number of transformative deals in 2018, and organic growth difficulties, increased consolidation of European insurers is expected in 2019 – finds a Moody’s report
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News Agenda
Five emerging trends and 15 emerging risks for re/insurers in 2019
A clash between digitalisation and legacy hardware, climate change, the rise of 5G, genetic testing and fiscal flexibility - all listed as key emerging risks in Swiss Re’s latest Sonar report
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News Agenda
New reinsurance buyer joins Brit from Aviva
The insurer has appointed a new head of outwards reinsurance, reporting to the CUO
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News Agenda
MS Amlin buys a stake of MGA Envelop
Providing capital to the cyber risk MGA since last year, MS Amlin has now bought a minority holding in the Bermudian start-up entity
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News Agenda
Bermuda welcomes its removal from EU offshore tax blacklist
Brussels’ decision to remove Bermuda from its list of non-cooperating tax jurisdictions has been welcomed by the island re/insurance hub’s industry stakeholders
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News Agenda
Third Point CEO responds to AM Best’s negative outlook update
Dan Malloy, CEO of Bermudian reinsurer Third Point Re, responded to the rating agency’s views
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Arig ceases its underwriting operations, Central Bank of Bahrain confirms
A review by the regulator last month revealed “glaring deficiencies in the company’s governance framework”
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News Agenda
Growth slowing for US cyber market - Fitch report
The industry’s total direct written cyber premiums grew 8% in 2018 to $2bn, according to the rating agency
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News Agenda
Bredahl quits Third Point to take TigerRisk president and COO job
Rob Bredahl leaves his post of president and CEO at Bermuda-based hedge fund reinsurer Third Point Re
