Hashtag: #BermudaInsurance

MS Amlin Invests In MGA Envelop Risk

MS Amlin Invests In MGA Envelop Risk

MS Amlin today [May 21] announced the purchase of a “strategic stake” in Envelop Risk. “Envelop Risk is a global specialist reinsurance MGA, which combines insurance expertise with artificial intelligence-driven cyber risk modelling,” the company said. “The investment sees MS Amlin take a minority strategic stake in the... Read more of this article

Argus Announce Acquisition Of One Team Health

Argus Announce Acquisition Of One Team Health

The Argus Group today announced the acquisition of One Team Health [‘OTH’], a leading third-party overseas care administrator. “The purchase forms part of the Argus strategy to diversify and expand its global business operations and develop a business model that reduces healthcare expenses while improving quality of care,” the company... Read more of this article

Tom Mills Joins Capsicum Re Bermuda

Tom Mills Joins Capsicum Re Bermuda

Capsicum Re, the specialist reinsurance broker, announced the appointment of Tom Mills to its Bermudian operation. “Mills joins as a Broker and will report to Neville Ching, Managing Partner of Capsicum Re Bermuda. His appointment reflects Capsicums Re’s growing presence on the Island and its investment in the Bermuda office as the company enters... Read more of this article

BILTIR Supports CedarBridge Students With Math

BILTIR Supports CedarBridge Students With Math

Members of the Bermuda International Long Term Insurers and Reinsurers [BILTIR] are once again helping CedarBridge Academy students prepare for success in their year-end mathematics examinations. Now in its fourth year, BILTIR’s Math Tutorial Program matches high-school students with life and annuity insurance professionals to provide mathematics... Read more of this article

ABIR Applauds Bermuda’s Removal From EU List

ABIR Applauds Bermuda’s Removal From EU List

Bermuda’s leading international insurers and reinsurers, through the Association of Bermuda Insurers and Reinsurers [ABIR], applaud the Bermuda government’s successful efforts in achieving removal of Bermuda from the EU List of Non-Cooperative Jurisdictions, fully demonstrating the island’s commitment to facilitate tax transparency and compliance... Read more of this article

Finance Minister On Deposit Insurance Scheme

Finance Minister On Deposit Insurance Scheme

Minister of Finance Curtis Dickinson provided an overview of the implementation of a Deposit Insurance Scheme in Bermuda and the establishment of the Bermuda Deposit Insurance Corporation, which is responsible for managing the Scheme. Minister Dickinson said, “Deposit insurance is a guarantee to eligible depositors in a local financial institution... Read more of this article

Discussion On Insurance Trends & Taking Risks

Discussion On Insurance Trends & Taking Risks

In an event hosted by 100 Women in Finance on May 9, 2019, insurance veteran Laura Hay, KPMG’s Global Head of Insurance, shared insights on global trends in insurance and reinsurance, as well as risk-taking strategies for women to expand their leadership opportunities in the financial services industry. The event was hosted by KPMG, a Leadership Council... Read more of this article

AkinovA Insurance Regulatory Sandbox Licence

AkinovA Insurance Regulatory Sandbox Licence

AkinovA [Bermuda] Ltd, the wholly-owned Bermuda trading subsidiary of AkinovA Limited, said they have “been granted authorisation by the BMA, Bermuda’s financial services regulator, to carry out business through its Innovative Market Infrastructure under the auspices of the BMAs Innovative Regulatory Sandbox Regime. “AkinovA has worked... Read more of this article

Aspen Announces Management Changes

Aspen Announces Management Changes

Aspen Insurance Holdings Limited announced several changes to its executive leadership team to “support continued operational improvement in the business and best position Aspen to capture new opportunities for profitable growth and value creation”, according to the company. Mark Cloutier, Executive Chairman and Group Chief Executive Officer,... Read more of this article

PartnerRe Longevity Transaction With Manulife

PartnerRe Longevity Transaction With Manulife

PartnerRe Ltd. announced that it has completed a second transaction with The Manufacturers Life Insurance Company [Manulife] to reinsure longevity risk for an in-force block of Canadian individual payout annuities. The deal follows on the heels of an earlier longevity transaction with Manulife completed in January of this year. In aggregate, PartnerRe... Read more of this article

White Mountains Reports First Quarter Results

White Mountains Reports First Quarter Results

White Mountains Insurance Group, Ltd. [WTM] reported book value per share of $981 and adjusted book value per share of $979 as of March 31, 2019. Book value per share and adjusted book value per share were each up 10% for the quarter, including dividends. On February 26, 2019, MediaAlpha completed the sale of a significant minority stake to Insignia... Read more of this article

Frank Bazos To Join White Mountains

Frank Bazos To Join White Mountains

White Mountains Insurance Group, Ltd. [WTM] announced that Frank Bazos, 52, is joining White Mountains Capital as Executive Vice President and Head of M&A. Bazos has over twenty-five years of private equity experience, primarily in the insurance, financial services and health care sectors. He spent approximately 18 years with Century Equity Partners... Read more of this article

Island To Host Risk Management Academy Event

Island To Host Risk Management Academy Event

Bermuda has been selected as the venue for an invite-only event this summer hosted by the prestigious Risk and Insurance Management Society [RIMS] and the Bermuda Business Development Agency [BDA]. RIMS Risk Management Academy Bermuda, slated for July 14 to 17, will see more than two-dozen senior insurance industry executives come to the island for... Read more of this article