Tag: #BermudaInsurance

12 Students To Head Overseas For Internships

12 Students To Head Overseas For Internships

This Saturday [July 4] twelve Bermudian undergraduates will be flying off to Atlanta, Chicago or London to start their 2 week BFIS ‘Intro-to-insurance’ summer intern programmes. Each team of four students will be learning in depth about all aspects of the insurance business. Over 30 companies and organizations will be hosting the students for meetings,... Read more of this article

Catalina Completes Portfolio Transfer Of Quinn

Catalina Completes Portfolio Transfer Of Quinn

Catalina Holdings [Bermuda] Ltd [Catalina], announced that following receipt of approvals from the Central Bank of Ireland and from the High Court of Ireland, it completed the portfolio transfer of UK and EU insurance liabilities in run-off from Quinn Insurance Limited [under administration] to its wholly owned subsidiary, Catalina Insurance Ireland... Read more of this article

Bermuda: Key International Hub For Reinsurance

Bermuda: Key International Hub For Reinsurance

The President & Chief Executive Officer of Marsh & McLennan Companies, a Fortune 500 company, is visiting Bermuda, with CEO Dan Glaser saying: “Bermuda is a key international hub for reinsurance.” Marsh, a global leader in insurance broking and risk management, and Guy Carpenter, a leading global risk and reinsurance specialist, are... Read more of this article

PwC: Insurance Is Facing More Disruption

PwC: Insurance Is Facing More Disruption

The pace of change in the global insurance & reinsurance industry is occurring more rapidly than could have been envisaged, concludes a report just published by PwC. The report, Insurance 2020 and Beyond: Necessity is the mother of reinvention, concludes that the industry is at a pivotal juncture as it grapples with changing customer behaviour,... Read more of this article

PwC: Bermuda Sees Upsurge In Captive Interest

PwC: Bermuda Sees Upsurge In Captive Interest

A number of growth opportunities are on the horizon for Bermuda’s evolving captive insurance industry, according to PwC Bermuda’s captive and tax specialists, speaking at the Bermuda Captive Conference June 8 – 10. Latin America and Canada are expanding markets and the industry is seeing an increasing focus on using captives for employee benefits... Read more of this article

BF&M Reports First Quarter Earnings Of $8.2M

BF&M Reports First Quarter Earnings Of $8.2M

BF&M Limited today [June 16] reported shareholders’ net income for the three month period ended 31st March 2015 of $8.2 million, resulting in an annualized return on shareholders’ equity of 13.0%. Shareholders’ net income for the comparative three month period of 2014 was $11.4 million. President & CEO John Wight [pictured] stated that... Read more of this article

Annual Bermuda Captive Conference Concludes

Annual Bermuda Captive Conference Concludes

[Written by Kensley McDowall] In the Captive world, Bermuda remains at the head of the pack and is well regulated and nimble enough to remain at the head of the pack in the ever changing landscape of re/insurance. Moreover, its robust yet user friendly regulatory model is exemplary. This was the message which permeated the air at the recently concluded... Read more of this article

Blue Capital Declares $0.30 Quarterly Dividend

Blue Capital Declares $0.30 Quarterly Dividend

Bermuda-based Blue Capital Reinsurance Holdings Ltd. has declared a quarterly dividend of $0.30 per common share, which is payable on or before July 15, 2015 to holders of record as of June 30, 2015. In addition, the Company expects to release its second quarter 2015 results after the market close on July 27, 2015. The Company will not be hosting a... Read more of this article

Fidelis Insurance Raises $1.5 Billion In Capital

Fidelis Insurance Raises $1.5 Billion In Capital

Fidelis Insurance Holdings Limited — a newly-formed Bermuda-based speciality insurance and reinsurance provider — has secured approximately $1.5 billion in equity capital. “This marks one of the largest industry capital raises ever, and immediately makes Bermuda-based Fidelis an important new underwriter in the global market. The Company... Read more of this article

Minister On Govt’s View Of Global Tax Threats

Minister On Govt’s View Of Global Tax Threats

Speaking at the Insurance Day 2015 Summit today [June 9], Minister of Finance Bob Richards told attendees that “the more we drive home that the insurance sector in Bermuda is not a stereotypical tax haven gimmick to key onshore decision makers the less the threat from IRS and other tax authorities will be.” In beginning his speech, the Minister... Read more of this article

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