Magazine date:
Nov 2009 Following the 09/11 attacks, a new wave of reinsurance companies has emerged in Bermuda, with a view to cover attacks and terrorist risks. Capacity building is achieved as follows:
- either by increasing shareholders' equity of existing companies*:
Additional capital in USD | |
---|---|
ACE | 1 billion |
Arch Reinsurance | 1 billion |
Partner Re | 350 millions |
Renaissance Re | 233 millions |
- soit par la création de nouvelles entités* :
Capital en USD | |
---|---|
Allied World | 1,5 billion |
Aspen | 200 millions |
Axis specialty (Renaissance Re group) | 1 billion |
Da Vinci Re | 500 millions |
Endurance Specialty Insurance | 1,2 billion |
Godshawk Re | 150 millions |
Montpellier Re | 1 billion |
Olympus Re | 600 millions |
Platinum | 1 billion |
Queens Island Re | 1 billion |
White Mountain Group | 1 billion |