Market News
BDA's Economic Impact to Bermuda: $26.3 million According to PwC
A recent economic impact study provided by PricewaterhouseCoopers (PwC) findings show that the Bermuda Business Development Agency (BDA) had a direct economic impact on the island's economy of $26.3 million in 2017. Read More
IVANS: Commercial Lines Renewal Rates Continue Trending Positive
IVANS has announced the "IVANS Index: Premium Renewal Rate Index" October results. The results showed a continued increase in premium across nearly all major commercial lines except workers compensation. Read More
ILS Capacity Continues with Record-High $1.6 Billion Issuance
Willis Re's third quarter insurance-linked securities (ILS) update reveals, "a record-high $1.6 billion of nonlife ILS capacity was issued in Q3, 2018…. The total exceeds the former Q3 record of $1.4 billion achieved in 2013 and is well ahead of the 5-year average of $800 million." Read More
Facultative Reinsurance Runoff Transaction Completed for Workers Comp
Randall & Quilter Investment Holdings Ltd. (R&Q) has issued a facultative reinsurance certificate to a large US property-casualty insurer. The collateralized reinsurance policy was written from a cell within R&Q's wholly owned subsidiary, R&Q Quest Insurance Limited. Read More
Emerging Economies Insurance Gap Persists, According to Lloyd's
In "A World at Risk: Closing the Insurance Gap," the latest research from Lloyd's, the organization found $163 billion of assets are underinsured in the world today, leaving an exposure gap that poses a significant threat to livelihoods and global prosperity. Read More