Market News
A.M. Best-Rated European Captives Are Stable, According to Report
A recent A.M. Best report describes the main rating considerations the rating agency uses for captives with European parent groups. The report shows that A.M. Best European captive ratings have been stable through the past year, with most of the ratings affirmed and their stable outlooks maintained. Read More
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