Hashtag: #BermudaInsurance

ABIR Members Contribute $830M To Economy

ABIR Members Contribute $830M To Economy

[Updated] The Association of Bermuda Insurers and Reinsurers [ABIR]  today released the results of its 15th annual ABIR Bermuda Economic Substance Survey, “detailing significant contributions to the Bermuda economy and workforce.” A spokesperson said, “Highlights from the report, which tracks 2019 calendar-year data, include:ABIR... Read more of this article

Argus Now Processing Hurricane Teddy Claims

Argus Now Processing Hurricane Teddy Claims

The Argus Group today [Sept 22] announced that it is now processing any claims as a result of Hurricane Teddy, and their “claims adjustors will be available for on-site visits to assess any sustained damage.” On behalf of The Argus Group, Ryan Eve, VP Operations, Property & Casualty, today issued the following statement: “We hope that... Read more of this article

Guy Carpenter On Changing Nature Of Risk

Guy Carpenter On Changing Nature Of Risk

The [re]insurance industry is navigating one of the most significant periods of change in recent times which is altering perceptions of risk across the sector, according to Guy Carpenter, A spokesperson said, “ The impact of COVID-19, the first globally systemic insurance loss, has put pressure on a marketplace already addressing challenges on multiple... Read more of this article

ILS Announces Convergence Keynote Speakers

ILS Announces Convergence Keynote Speakers

ILS [Bermuda] Ltd. announced that Dr. Marshall Shepherd, Dr. Parag Khanna, and Dr. Shalini Vajjhala will be the keynote speakers for the Bermuda Convergence 2020 on October 6th to 8th. A spokesperson said, “ILS [Bermuda] Ltd., organisers of Bermuda Convergence 2020, today announced that Dr. Marshall Shepherd, Dr. Parag Khanna, and Dr. Shalini... Read more of this article

BILTIR To Hold Virtual Life & Annuity Conference

BILTIR To Hold Virtual Life & Annuity Conference

Bermuda International Long Term Insurers and Reinsurers [BILTIR] has announced that due to the coronavirus pandemic, it is holding its annual International Life & Annuity Conference virtually for the first time. Headline online speakers for the half day conference on 18 September, 2020, are Dr. Gaudenz Silberschmidt, Director of the World Health... Read more of this article

AM Best Report: Rated Total Return Reinsurers

AM Best Report: Rated Total Return Reinsurers

A new Best’s Special Report, titled, “Emergence of ‘Total Return Reinsurers’,” explores the financial results of an AM Best composite of five total return reinsurers that have operated for at least five years, compared against the results of the rating agency’s long-standing Bermuda reinsurance composite. A spokesperson said, “Although... Read more of this article

ABIR CEO Featured On International Expert Panel

ABIR CEO Featured On International Expert Panel

Association of Bermuda Insurers & Reinsurers [ABIR] CEO John Huff joined a group of international experts to discuss future pandemic risk. The event was organized through the International Association of Insurance Supervisor [IAIS] through their implementation partner, Access to Insurance Initiative [A2ii] and their pandemic risk series. Mr Huff... Read more of this article

Arch Announces Catastrophe Loss Estimates

Arch Announces Catastrophe Loss Estimates

Arch Capital Group Ltd. has established a range of pre-tax catastrophe losses of $205 million to $225 million in the 2020 second quarter. The company said, “Arch Capital Group Ltd. has established a range of pre-tax catastrophe losses of $205 million to $225 million in the 2020 second quarter across its property casualty insurance and reinsurance... Read more of this article

BILTIR Award $30K Scholarship To Taiyana Allen

BILTIR Award $30K Scholarship To Taiyana Allen

BILTIR has awarded a $30,000 scholarship to Taiyana Allen. A spokesperson said, “Bermuda International Long Term Insurers and Reinsurers [BILTIR] has announced it has awarded a $30,000 scholarship to former CedarBridge Academy student Taiyana Allen. “Taiyana, 21, of Southampton Parish, will use the money to study at Georgia State University... Read more of this article

Social Insurance Contribution Suspension

Social Insurance Contribution Suspension

“The employee option of choosing a social insurance contribution suspension will be made effective July 1, 2020, and terminates on June 30, 2021,” the Government said today. A Government spokesperson said, “Per the recent Contributory Pensions Temporary Amendment Act 2020, the Department of Social Insurance wishes to advise the public... Read more of this article

Bermuda Captive Conference Going Virtual

Bermuda Captive Conference Going Virtual

The 2020 Bermuda Captive Conference will be held virtually due to the ongoing Covid-19 pandemic, with the event set to take place from September 9 to September 11. A spokesperson said, “It has been announced that the 2020 Bermuda Captive Conference will be hosted on a virtual platform for the first time in response to the continued uncertainty... Read more of this article

Convergence 2020 Set To Be Held Virtually

Convergence 2020 Set To Be Held Virtually

ILS Bermuda’s Convergence 2020 will be held virtually due to the ongoing Covid-19 pandemic, with the event scheduled for October 6 to October 8. A spokesperson said, “Due to the unprecedented and unpredictable COVID-19 pandemic crisis, ILS Bermuda’s annual Convergence 2020 event scheduled for October 6 – 8, 2020 will be a virtual event. “ILS... Read more of this article

AM Best Assigns Credit Ratings To Golden Tree

AM Best Assigns Credit Ratings To Golden Tree

AM Best has assigned a Financial Strength Rating of B+ [Good] and a Long-Term Issuer Credit Rating of “bbb-” to Golden Tree Reinsurance Limited [Golden Tree] [Bermuda]. The outlook assigned to these Credit Ratings [ratings] is stable. The ratings agency said, “Golden Tree is a subsidiary of Iris Financial Services Limited [Iris Financial] and... Read more of this article