Richard Brindle

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  Jan. 1 Cat Rates To Soar; Bermuda Execs At Odds On Fla., New Zealand Opportunities

  By Susanne Sclafane, PropertyCasualty360.com  |  August 12, 2011

  Even as Bermuda executives chatted up the Jan. 1, 2012 reinsurance pricing upside of catastrophe events and model changes recently, midyear 2011 renewal strategies varied widely along with opinions about where to bet reinsurance capital.

• Bermuda Players See Big Potential Upside Of Massive Cat Losses

  By Susanne Sclafane, PropertyCasualty360.com  |  August 4, 2011

  Catastrophe-loss hits—and the added potential price-moving impetus of a catastrophe model change—were front and center as management teams for half of the players in the Bermuda market disclosed first-half losses and strategies for preserving capital to take advantage of a Jan. 1 pricing upturn.

• Nimble Bermuda Players Seize One-Off Opportunities, Rework Long-Term Plans

  By Susanne Sclafane, PropertyCasualty360.com  |  March 11, 2011

  Although the Bermuda market experienced heavy catastrophe which drove down underwriting profits, top lines were up or stable for most with one-time deals and longer-term strategic moves driving the numbers.

• Many In Bermuda See 3Q Income Dive

  By Chad Hemenway, PropertyCasualty360.com  |  December 6, 2010

  A number of Bermuda insurers reported significant drops in net income in the third quarter of 2010--many within the 20-50 percent range, with declines primarily related to the New Zealand earthquake and other smaller catastrophes.

• More Capital Washes Up In Bermuda

  By Susanne Sclafane, PropertyCasualty360.com  |  March 8, 2010

  More than $17 billion of capital washed up on the Bermuda shores in 2009, as underwriting profits and investment recoveries for a group of insurers and reinsurers erased a $10 billion capital drop for 2008.