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Willis Re: Reinsurers stop downward trend

Reinsurers have halted the persistent downward trends of recent years, despite the impact of COVID-19 on working conditions and risk exposures.

Cayman reinsurers form industry body

Six Cayman Islands-based reinsurance companies have formed a new industry group, the Cayman International Reinsurance Companies Association (CIRCA).

Greenlight Re reports fourth-quarter loss

Greenlight Re reported a net loss of $30.3 million for the fourth quarter of 2019, impacted by a $14.2 million catastrophe loss related to typhoons Hagibis and Faxai.

CIMA issues 16 new insurance company licences, total number drops

The Cayman Islands Monetary Authority has issued 16 new insurance and reinsurance company licences in 2019 to date.

Grand Court orders winding-up of reinsurer

The Grand Court has granted the Cayman Islands Monetary Authority’s petition for the winding-up of Beechwood Re, a reinsurance firm being sued for fraud in the U.S., and with ties to a hedge fund whose former executives are facing civil and criminal fraud charges in the U.S.

New reinsurance firm celebrates opening

Monday was a red-letter day for Cayman’s newest reinsurance company, Aureum Re, which held its office launch party that night at Camana Bay after opening nearly a year ago.

Greenlight Capital Re chief executive to step down

Cayman reinsurer Greenlight Capital Re, Ltd. has announced that Barton Hedges will step down as chief executive officer on March 31, 2017.

New reinsurance vehicle domiciles in Cayman

Crosswinds Re, a new specialty reinsurance business vehicle, has obtained a class B reinsurer license from the Cayman Islands Monetary Authority.

Gov’t considers new steps to attract reinsurance industry

Members of the Legislative Assembly have voted in favor of a private members’ motion to consider giving incentives to reinsurance and hedge fund management businesses and their senior executives.

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