Bermuda

Bermuda market increased ILW, quota share, retrocession use in 2023 – Go Health Pro

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Bermuda market increased ILW, quota share, retrocession use in 2023 – Go Health Pro

According to new survey data collected by the Bermuda Monetary Authority (BMA), Bermuda-based insurance and reinsurance companies made increased use of industry-loss warranties (ILW’s), quota share arrangements and retrocession in 2023.The Bermuda financial market regulator each year publishes its stress test results and an assessment of catastrophe risk exposure in the local insurance and reinsurance … Read more

White Mountains capitalised Bermuda collateralized reinsurer to support MGA Bamboo – Go Health Pro

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White Mountains capitalised Bermuda collateralized reinsurer to support MGA Bamboo – Go Health Pro

Earlier this year, White Mountains committed up to $30 million in capital for a Bermuda-based collateralized reinsurance structure that provides sidecar-like support to its California homeowners managing general agent (MGA) Bamboo.Back in 2020, White Mountains Insurance Group entered into an agreement to acquire a majority stake in Bamboo, an MGA platform and provider of homeowners’ … Read more

Aon bolsters Bermuda retro workforce, hires former Acacia & Peak Re exec Cheng – Go Well being Professional

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Aon bolsters Bermuda retro workforce, hires former Acacia & Peak Re exec Cheng – Go Well being Professional

Broking big Aon has strengthened its property specialty retrocession in Bermuda with the addition of 5 new appointments on the island, together with experience in collateralized retro constructions and transacting with ILS and capital markets, with, we perceive, this transfer bringing onboard Lawrence Cheng, previously of Acacia Holdings and Peak Re.The corporate defined that the … Read more

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