April 2008/3

Bermudian (re)insurers wrote $115.8bn in gross premiums in 2007 up from $100.7bn in 2006 despite falling rates, according to The Bermuda Monetary Authority (BMA).

The European Commission has launched a public consultation on whether the (re)insurance industry should remain exempt from the European Union's anti-trust rules.

Specialist corporate finance firm Benfield Advisory has developed a new parametric reinsurance product, aimed at transferring workers' compensation catastrophe (WCC) coverage to reinsurers and the capital markets.

(Re)insurance broker Cooper Gay & Co Ltd is in advanced talks to acquire the wholesale operations of Heath Lambert Group, The Insurance Insider can reveal.