- A composite including reinsurers domiciled in Bermuda was noted, alongside comments on the outlook for US casualty lines.
- Mosaic Insurance and Syndicate are expanding capacity for US casualty risk, operating across Bermuda and London.
Arcadian Risk Capital expands U.S. excess casualty coverage using Bermuda and London…
What happened
Arcadian Risk Capital launched U.S. excess casualty coverage. The company is sharing capacity across platforms in Bermuda, London, and the U.S. Coverage limits are available up to a maximum of $15 million with a minimum attachment of $10 million. The coverage is designed for businesses with a revenue base of $1 billion or more.
Why it matters
The new coverage complements existing risk written in the U.K. and Bermuda. This expansion increases market activity for excess casualty and construction risk across the three jurisdictions.
Mosaic Insurance and Syndicate are also expanding capacity for US casualty risk, operating across Bermuda and London.
Who's involved
- Arcadian Risk CapitalLaunched U.S. excess casualty coverage and is sharing capacity across multiple platforms.
- U.K.Provides the market context for Arcadian Risk Capital's operations.
- BermudaServes as one of the jurisdictions utilized for capacity sharing.
- LondonServes as one of the platforms utilized for capacity sharing.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- RenaissanceReSpeculative
Might see increased demand for reinsurance services in Bermuda.
Keep exploring
The entities involved
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Arcadian Risk Capital
Nothing else this week.
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Bermuda
British overseas territory in the North Atlantic Ocean
- U.K.