Hashtag: #BermudaInsurance

Fitch Ratings: Harnessing “Big Data” Is Essential

Fitch Ratings: Harnessing “Big Data” Is Essential

Harnessing “big data” is proving essential for insurers seeking to maintain and increase market share and profitability, according to Fitch Ratings, who said that those that fail to keep pace risk being marginalised or coming under pressure to consolidate. “Many elements of the insurance business could be transformed, such as distribution,... Read more of this article

“Small Wonder: Bermuda’s Supersized Impact”

“Small Wonder: Bermuda’s Supersized Impact”

Premier Michael Dunkley will speak about Bermuda’s historic US ties and the island’s global economic impact as part of a new Executive Leadership Track to debut at the RIMS 2017 Annual Conference & Exhibition in Philadelphia next month, the Bermuda Business Development Agency [BDA] announced today. The Premier’s presentation — “Small... Read more of this article

Fitch: Weaker Underwriting Results, Steady Profit

Fitch: Weaker Underwriting Results, Steady Profit

Underwriting results for publicly traded Bermuda [re]insurers weakened on larger catastrophe losses and reduced redundancies, according a new dashboard on the Bermuda [Re]insurance Market from Fitch Ratings. “Fitch’s group of 12 large publicly traded [re]insurers with Bermuda operations posted a combined ratio [CR] of 91.9% in 2016, up from... Read more of this article

Students Take Part In Speed Networking Session

Students Take Part In Speed Networking Session

A combined total of 150 students and insurance professionals took part in speed networking sessions held last week by the Bermuda Foundation for Insurance Studies. Since 2014, BFIS has been holding these opportunities each February for high school seniors seeking more information about careers in the insurance and related sectors, and up to six students... Read more of this article

Horseshoe Group & Rewire Launch Eclipse Re

Horseshoe Group & Rewire Launch Eclipse Re

Horseshoe Group and Rewire Securities LLC have announced the launch of Eclipse Re Ltd, a private syndicated collateralized reinsurance note platform that will “provide turnkey services to investors and sponsors worldwide looking to participate in collateralized reinsurance and transform the risk into a listed note form.” A spokesperson said,... Read more of this article

Hamilton Re Launches School Student Contest

Hamilton Re Launches School Student Contest

Hamilton Re, the Bermuda-based operations of Hamilton Insurance Group, today [Feb 15] announced the launch of a contest for Bermuda high school students in support of Insurance Careers Month, the global initiative aimed at attracting young people to the insurance industry. Up to 20 students will be selected to participate in Open Hamilton Re on Friday,... Read more of this article

Captive Insurance Register Maintains Stability

Captive Insurance Register Maintains Stability

The Bermuda Monetary Authority today [Feb 13] confirmed Bermuda had 776 active captive licences on its register as at 31st December 2016. The Authority’s definition of a captive [i.e., an insurer predominantly formed to self-insure the parent company] includes: Class 1, 2, 3 general business insurers and Class A and B Long-Term [life] insurers.Bermuda’s... Read more of this article

Captive Insurance Experts Target US Markets

Captive Insurance Experts Target US Markets

A team of top industry experts, led by Bermuda Business Development Agency [BDA], will travel to Chicago and Boston next month to highlight the advantages of Bermuda as the world’s leading domicile for captive insurance. The Executive Forum on Bermuda Captive Insurance Solutions will visit Chicago March 7 and Boston March 9, offering insurance buyers,... Read more of this article

Argo Group Closes Ariel Re Acquisition

Argo Group Closes Ariel Re Acquisition

Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products, has closed the acquisition of Ariel Re, a global underwriter of insurance and reinsurance business. Ariel Re was jointly owned by Banco BTG Pactual S.A. and the Abu Dhabi Investment Council. The company underwrites a global portfolio... Read more of this article

Webcasts Highlight Bermuda Captive Insurance

Webcasts Highlight Bermuda Captive Insurance

Seven webcasts featuring Spanish-speaking captive insurance experts on the island are being released by the Bermuda Business Development Agency [BDA] to target Latin American audiences following this week’s World Captive Forum. The BDA videos feature bilingual captive experts from Aon, ASW Law, Jardine Lloyd Thompson, Marsh, PricewaterhouseCoopers,... Read more of this article

Insurance Careers Month To Kick Off On Feb 1

Insurance Careers Month To Kick Off On Feb 1

The second annual Insurance Careers Month kicks off Feb. 1, 2017, rallying young insurance professionals around the world to share pride in their careers and stimulate interest in the industry among their peers. First organized in 2016, the objective of Insurance Careers Month is to encourage carriers, brokers, agents and industry associations to plan... Read more of this article

FMG Aids Corporate Providers With Regulations

FMG Aids Corporate Providers With Regulations

New legislation to ensure Corporate Service Providers have appropriate insurance coverage to protect them from modern risks and exposures was recently announced by the Bermuda Government. According to the new regulation effective October 1, companies will only be seen as carrying on business in a ‘prudent manner’ if their insurance cover fits the... Read more of this article

Fox To Speak On Captives In Emerging Markets

Fox To Speak On Captives In Emerging Markets

Appleby Bermuda LATAM Manager Eduardo Fox [pictured] will be speaking at the World Captive Forum, one of the longest running international captive insurance conferences in the world. Mr Fox will join over 50 highly acclaimed executive representatives and industry experts in presenting to international attendees within the captive insurance industry,... Read more of this article