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Registration For Dive In Festival Still Open

Registration For Dive In Festival Still Open

Registration remains open for next week’s Dive In Festival which aims to highlight the business case for diverse and inclusive workplaces and provide practical ideas and inspiration for how to bring about positive change. However, organizers of the festival events are urging those interested in attending to sign up while there is still space available. A... Read more of this article

Over 250 People Attend BILTIR Conference

Over 250 People Attend BILTIR Conference

Over 250 life and annuity professionals from all over the world descended on Bermuda for the fourth-annual Bermuda International Life and Annuity Conference, hosted by the Bermuda International Long Term Insurers and Reinsurers [BILTIR]. The event was held at The Fairmont Southampton and began with a reception at the Royal Bermuda Yacht Club, which... Read more of this article

White Mountains Tender Preliminary Results

White Mountains Tender Preliminary Results

White Mountains Insurance Group announced the preliminary results of its “modified Dutch auction” tender offer to purchase up to 500,000 shares. The tender offer expired at 12:00 midnight, New York City time, at the end of the day on September 14, 2017. Based on a preliminary count by the depositary for the tender offer, 719,971 shares were... Read more of this article

Bermuda Form & Excess Layer Seminar

Bermuda Form & Excess Layer Seminar

XL Catlin and international law firm Norton Rose Fulbright will be hosting a seminar to discuss significant aspects of the Bermuda Form and Excess Layer insurance coverage. Gavin Kealey Q.C. and Mina Matin, Senior Council at Norton Rose Fulbright, will lead the presentation at XL Catlin’s offices on 20 September, 2017. The seminar will include a discussion... Read more of this article

Captive Conference Highlights Bermuda’s Role

Captive Conference Highlights Bermuda’s Role

The Bermuda insurance market’s leading role in global risk innovation, including helping communities rebuild after disasters, was highlighted at this week’s successful 13th annual Bermuda Captive Conference. The conference attracted more than 750 registrants, totalling almost 800 room nights at Fairmont Southampton, the venue for the three-day event.... Read more of this article

Global InsurTech Investments Increased In Q2

Global InsurTech Investments Increased In Q2

Global investment in InsurTech in the second quarter of 2017 surpassed that in the previous three quarters combined, according to a new report from PwC. “Investment in InsurTech by global insurers, reinsurers and Venture Capital firms surged by 247% to $985million, compared to Q2 2016 [$398million]. The first three months of 2017 saw $283million... Read more of this article

Fitch Do Not Expect To Downgrade Reinsurers

Fitch Do Not Expect To Downgrade Reinsurers

Based on Fitch Ratings’ initial assessments, most US insurance companies and global reinsurers in their rated universe are “not expected to be downgraded as a result of the combined effects of Hurricanes Irma and Harvey.” “However, Fitch does not yet dismiss the risk that select [re]insurers with disproportionate combined exposures... Read more of this article

McGavick To Speak At Bermuda Convergence

McGavick To Speak At Bermuda Convergence

ILS [Bermuda] Ltd., organisers of Bermuda Convergence 2017 announced that Mike McGavick, CEO of the XL Group Ltd, will be one of the event’s keynote speakers. A leader in the industry for more than two decades, Mr. McGavick serves as CEO of XL Group Ltd, which provides insurance and reinsurance risk solutions globally under the XL Catlin brand. From... Read more of this article

BILTIR Selects Troncossi To Provide PR Support

BILTIR Selects Troncossi To Provide PR Support

Troncossi Public Relations has been selected  to provide public relations support by Bermuda International Long Term Insurers and Reinsurers [BILTIR], an association representing Bermuda’s life insurers and reinsurers. BILTIR was founded in 2011, and its mission is to advocate for Bermuda’s life and annuity industry in areas such as regulatory... Read more of this article

GC & Marsh Captive Introduce Cerulean Re

GC & Marsh Captive Introduce Cerulean Re

GC Securities, a division of MMC Securities LLC, a U.S. registered broker-dealer and member FINRA/NFA/SIPC, announced the establishment of Cerulean Re SAC Ltd., a private syndicated collateralized reinsurance platform and Bermuda registered segregated account company [SAC] and licensed special purpose insurer. “The joint venture between Marsh... Read more of this article

Study: Captive Insurers Generate $174M A Year

Study: Captive Insurers Generate $174M A Year

A new research study conducted by PriceWaterhouseCoopers for the Bermuda Insurance Management Association [BIMA] has found the captive insurance industry contributes an estimated $174 million every year to the island’s economy, the Bermuda Business Development Agency [BDA] said. “The sector directly employs at least 557 people in Bermuda, the... Read more of this article

BILTIR Meets With Minister Jamahl Simmons

BILTIR Meets With Minister Jamahl Simmons

Bermuda International Long Term Insurers and Reinsurers [BILTIR] met with the Minister of Economic Development and Tourism Jamahl Simmons. BILTIR Board members, April Galda, Chip Gillis, Pat Kelleher and Sylvia Oliveira, gave an overview of the association, its contribution to the Bermuda economy, the massive growth prospects and opportunities available... Read more of this article

Webcasts Show Insurance Market Capacity

Webcasts Show Insurance Market Capacity

A series of five webcasts produced by the Bermuda Business Development Agency [BDA] highlights the Bermuda insurance market’s world-class talent and major capacity to cover rising global healthcare industry risks. “Over the past five years, Bermuda has become a leading provider of healthcare-liability coverage, with carriers able to provide... Read more of this article