Investments

Argo Group, the Bermuda headquartered specialty insurance underwriter, is set to scale back its use of third-party reinsurance capital, as the company looks to retain more of its profitable business and move forwards after the shedding of Ariel Re. Argo Group has recently refocused its business on its specialty insurance roots after selling off its…

With thoughts turning to the key mid-year reinsurance renewals and negotiations already underway for many Florida domestic insurance carriers, rating agency Demotech has warned that nine carriers need to report “markedly improved operating results in 2021” to sustain their current rating level. Following up on its warning ten days ago that Florida’s insurance marketplace needs…

Insurance and reinsurance broker Miller, the newly independent and private equity funded broking group, has announced the launch of a Bermuda arm that will have a retrocession and ILS focus, as well as the hire of retro broking specialist Charlie Simpson from Aon to lead the unit. Miller was recently taken private after it was…

Global reinsurance firm Hannover Re has been expanding its activities in life insurance-linked securities (ILS), with its life ILS volumes passing $1 billion and a recent deal tapping its Kubera Insurance (SAC) Ltd. as an issuer to transact with life ILS investors. In fact, Hannover Re’s expanding life ILS operations are seen as an opportunity…

Bermuda headquartered ILS fund and investment manager ILS Capital Management, has said that it expects that industry losses suffered from the recent winter storms and Arctic blast in the United States will drive renewal rates higher at the mid-year and also further into 2022. The ILS investment manager revealed an expectation that, at an industry…