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ABIR: Kading To Retire, John Huff New CEO

ABIR: Kading To Retire, John Huff New CEO

John Huff, Immediate Past President of the National Association of Insurance Commissioners [NAIC] and Former Director of the Missouri Department of Insurance, has been named President and Chief Executive of the Association of Bermuda Insurers and Reinsurers [ABIR] beginning January 1, 2018. “Mr. Huff succeeds Brad Kading, who elected to retire... Read more of this article

Video: Interview With Leila Madeiros From ABIR

Video: Interview With Leila Madeiros From ABIR

Payments by Bermuda re/insurers following the recent hurricanes, mergers & acquisitions in the industry, and local taxes were some of the topics that Leila Madeiros from the Association of Bermuda Insurers and Reinsurers [ABIR] discussed as she sat down with Bernews this week for a live interview on our Facebook page.Speaking with guest interviewer... Read more of this article

ABIR: Bermuda’s Reinsurers May Pay Out $25B

ABIR: Bermuda’s Reinsurers May Pay Out $25B

Bermuda’s global insurers and reinsurers have already begun to pay claims on last month’s hurricanes Harvey, Irma and Maria, and ultimately Bermuda market companies may fund a quarter or more of approximately $100 billion in aggregate insured losses from the events, according to preliminary estimates from the Association of Bermuda Insurers &... Read more of this article

ABIR Contribute Nearly $900M To Economy

ABIR Contribute Nearly $900M To Economy

Members of the Association of Bermuda Insurers and Reinsurers [ABIR] made a direct economic contribution to Bermuda of nearly $900 million in 2016, according to the 12th annual member survey results published today by ABIR. Twenty-three ABIR members reported data for calendar year 2016. ABIR’s aggregate direct economic impact to the Bermuda economy... Read more of this article

ABIR Hosts Appalachian University Students

ABIR Hosts Appalachian University Students

The Association of Bermuda Insurers and Reinsurers [ABIR] hosted Appalachian State University students for a 1-hour primer on how Bermuda has become one of the world’s most important reinsurance centers over the last 25 years. “Helping connect Bermuda to the next generation of insurance industry professionals carries our risk innovation history... Read more of this article

ABIR Release 2016 Global Underwriting Results

ABIR Release 2016 Global Underwriting Results

The Association of Bermuda Insurers and Reinsurers [ABIR] today released the 2016 global underwriting results for its member re/insurers, with 21 of 23 members participated in the report. The companies write insurance and reinsurance from underwriting centers in Bermuda, Europe, Asia, North and South America. The 21 re/insurers wrote $92.296 billion... Read more of this article

ABIR Comments On Planned Payroll Tax Change

ABIR Comments On Planned Payroll Tax Change

The Association of Bermuda Insurers and Reinsurers [ABIR] said while they fully support the introduction of payroll tax progressivity, they urge the Government to “develop existing sources and new alternatives to the payroll tax as a means for raising revenues” as an “overemphasis on the payroll tax makes Bermuda operations even more... Read more of this article

ABIR Appoint Weinstein: Policy Committee Chair

ABIR Appoint Weinstein: Policy Committee Chair

The Association of Bermuda Insurers and Reinsurers [ABIR] announced the appointment of Stephen Weinstein to Chair of its Policy Committee. The Policy Committee serves as the chief policy body of ABIR, with review of insurance regulation in Bermuda and overseas, international regulatory standards, public policy in Bermuda, and US natural disaster policy... Read more of this article

Kevin O’Donnell Elected As Chair Of ABIR

Kevin O’Donnell Elected As Chair Of ABIR

Kevin O’Donnell, President and CEO of RenaissanceRe Holdings Ltd. has been elected chair of the Association of Bermuda Insurers and Reinsurers [ABIR] for a two-year term beginning January 1, 2017. O’Donnell succeeds XL Catlin Executive Deputy Chairman Stephen Catlin who completes his two-year term December 31, 2016.  The ABIR Board elected officers... Read more of this article

ABIR On Bermuda Airport Redevelopment Project

ABIR On Bermuda Airport Redevelopment Project

“ABIR members recognize that Bermuda’s lifeline to the rest of the world – the 70-year-old Bermuda LF Wade Airport Terminal – is decrepit, subject to extraordinary maintenance costs, and at enormous risk from sea level rise and hurricanes,” the Association of Bermuda Insurers and Reinsurers [ABIR] said today. “The sewage system... Read more of this article

Survey: ABIR Members Contribute $834.3 Million

Survey: ABIR Members Contribute $834.3 Million

Members of the Association of Bermuda Insurers and Reinsurers [ABIR] directly contributed $834.3 million to the Bermuda economy in 2015, with aggregate spinoff benefits estimated to multiply the impact, according to ABIR’s 11th annual Bermuda Economic Impact Survey released today [August 17]. Twenty-one Bermuda-based ABIR member companies participated... Read more of this article

Business Leaders On Impact Of UK Leaving EU

Business Leaders On Impact Of UK Leaving EU

[Updated] The Association of Bermuda Insurers and Reinsurers and Bermuda Business Development Agency have both commented on the British voters decision to leave the European Union, with the referendum seeing 51.9% of voters backing an exit vote, while 48.1% voted to stay. ABIR said that Bermuda’s Solvency II equivalence finding by the European Union... Read more of this article

ABIR Release 2015 Global Underwriting Results

ABIR Release 2015 Global Underwriting Results

The Association of Bermuda Insurers and Reinsurers [ABIR] today released the 2015 global underwriting results for its member [re]insurers. Nineteen of 22 member [re]insurers participated in this 2015 report. The companies write insurance and reinsurance from underwriting centers in Bermuda, Europe, Asia, North and South America. The 19 [re]insurers... Read more of this article