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Regulation must allow innovation: Goldberg Segalla

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If insurers are to stay relevant in the modern world, they must compete with ILS funds for new classes of business and must do so in an effectively regulated manner.

This is according to Clive O’Connell, a partner at law firm Goldberg Segalla, speaking to Intelligent Insurer.

O’Connell said that regulation must not frustrate innovation but must be designed to allow for sustainable innovation.

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AXA owned Architas ups allocation to CATCo retro reinsurance fund

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Architas, a specialist investment manager focused on multi-manager solutions for clients and part of the AXA Group, has increased its allocation to the London stock exchange listed CATCo Reinsurance Opportunities Fund Ltd.

Displaying an increasing appetite for access to the retrocessional reinsurance fund, which is managed by Bermuda based CATCo Investment Management, Architas lifted its allocation to the fund over the 5% reporting threshold on the 13th February.

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Lloyd’s & Bermuda relationship is thriving: Kading

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The relationship between Bermuda and Lloyd’s is thriving, with Lloyd’s reputation helping Bermudian carriers establish credibility.

This is according to Brad Kading, the president and executive director of the Association of Bermuda Insurers and Reinsurers (ABIR), who delivered a speech before the Insurance Institute of London at Lloyd’s on February 26, 2015.

“Lloyd’s and ABIR are proud partners in commercial insurance and reinsurance markets,” said Kading. “Lloyd’s reputation and history helps Bermuda carriers establish credibility and gain access to markets where barriers exist – a key reason why ABIR and Bermuda are heavily invested in the UK market.”

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ABIR: Lloyd’s-Bermuda relationship thriving

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Partnering with the Lloyd’s of London market gives Bermuda insurers extra credibility, according to a top lobbyist for the industry.

Bradley Kading, president of the Association of Bermuda Insurers and Reinsurers (ABIR), addressed the thriving Bermuda-Lloyd’s partnership in his speech today at the Insurance Institute of London at Lloyd’s.

artemis

As asset class correlations rise, attraction to ILS & cat bonds increases

artemisORIGINAL PUBLICATION HERE

Managers of large multi-asset class investment funds are showing signs of concern that correlation levels between asset classes may break down, with their portfolio adjustments suggesting a shift towards assets that can protect investments.

Financial market have been difficult to predict in recent years and the correlation between asset classes a particular trouble for managers of large, diversified investment portfolios. As Investment Week reports here, correlation levels between global equity markets have risen in the wake of the global financial crisis. Now, with the threat of economic shocks continuing, correlation levels between equities and bonds are also following suit.

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Cat bonds vs collateralised re

intelligent insurerORIGINAL PUBLICATION HERE

Henning Ludolphs, managing director of retrocessions and capital markets at Hannover Re, examines the pros and cons of, and offers some observations about, cat bonds and collateralised reinsurance.

The insurance-linked securities (ILS) market reached a volume of approximately $60 billion at the end of 2014, an increase of more than 20 percent, or $10 billion, on a year ago. This is remarkable growth.

At the same time the amount of new catastrophe bond issuance has increased from about $7.7 billion to $8.7 billion. This is still a significant increase in percentage terms, but in US dollar terms it is ‘only’ one billion, so where is the rest?

Entropics cat bond fund opens with first investment from Movestic

ORIGINAL PUBLICATION HERE

Entropics Asset Management AB, the first insurance-linked securities (ILS) and catastrophe bond fund manager to be established in Scandinavia, has officially opened its SEF Entropics Cat Bond Fund today, with over £8m of investment from Movestic, part of the Chesnara Group.

Entropics fund is the first investment fund to specialise in catastrophe bond investments to come out of Scandinavia and the ninth globally to comply with UCITS regulations, the firm said.

Robert Lindblom, CEO of Entropics, stated on the opening of the fund; “I’m happy that we are now able to offer Swedish institutional and private investors access to a new, diversifying investment class. As a complement to existing traditional investment portfolios, we expect that the fund will dampen the volatility and contribute with good risk adjusted returns.”

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Belarus event highlights Bermuda’s importance

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Bermuda’s reputation as a globally-respected and regulated business jurisdiction has been highlighted at a recent event in Belarus.

Bruce Bucknell, the British Ambassador to Belarus, delivered a welcoming address, along with comments on behalf of the Bermuda Development Authority (BDA).

He described the Island as a world-class financial centre with a sophisticated infrastructure, impressive pool of capital and talent, and a stellar regulatory reputation that included tax-treaty agreements with 80-plus partners around the globe.

“We were pleased to be invited to provide information about Bermuda’s strengths as a top-tier financial centre,” said the BDA’s chief executive officer (CEO) Ross Webber. “We recognise the Island could be beneficial to Central and Eastern European (CEE) countries, for their reinsurance needs, in particular, and therefore we welcomed the opportunity to put forward the facts about our jurisdiction and thank our partners at the Embassy and the British-Belarus Chamber of Commerce.”

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Bermuda seeks business in Belarus

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Bermuda has launched a bid to drum up business in the former Soviet Union.

A group from the Bermuda Business Development Agency (BDA) held a roadshow in the Belarusian capital of Minsk, hosted at the home of the British ambassador, aimed at boost business links with central and eastern Europe (CEE) countries.

BDA CEO Ross Webber said: “We were pleased to be invited to provide information about Bermuda’s strengths as a top-tier financial centre.

BBCC 23 Feb 2015 common presentation[1]

Photo Release – Bermuda Highlighted in Belarus as Respected Finance Centre

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BBCC 23 Feb 2015 common presentation[1]

BBCC 23 FebHAMILTON, Bermuda, Feb. 9, 2015 (GLOBE NEWSWIRE) — Bermuda’s reputation as a globally-respected and regulated business jurisdiction was highlighted for Central and Eastern Europe (CEE) recently, thanks to a VIP event held at the British Ambassador’s residence in Belarus.

A photo accompanying this release is available athttp://www.globenewswire.com/newsroom/prs/?pkgid=30592

Corporate and government guests at the January 26 reception in Minsk heard Ambassador Bruce Bucknell deliver a welcoming address, along with comments on behalf of the BDA, that described the Island as a world-class financial centre with a sophisticated infrastructure, impressive pool of capital and talent, and a stellar regulatory reputation that included tax-treaty agreements with 80-plus partners around the globe.