Tag: #BermudaInsurance

BFIS Holds Networking Event: Insurance Sector

BFIS Holds Networking Event: Insurance Sector

Last night [April 22] the BFIS Mentor Networking Committee held a networking event aimed at assisting last year’s graduates plus others who have registered with BFIS over recent months to find out more about careers in the insurance sector. “BFIS already runs networking events for high school seniors and for college students but this is... Read more of this article

BFIS Launches New Alumni Association

BFIS Launches New Alumni Association

The Bermuda Foundation for Insurance Studies [BFIS] has launched an Alumni Association that will work with one of its primary goals being to create a network of BFIS alumni who are working as professionals within the [re]insurance space. A spokesperson said, “BFIS has been on the local scene supporting insurance education since the mid‐90s.... Read more of this article

BF&M Limited: $21.8 Million Net Income In 2014

BF&M Limited: $21.8 Million Net Income In 2014

BF&M Limited today [Apr 20] reported shareholders’ net income for the year ended 31st December 2014 of $21.8 million, resulting in an annualized return on shareholders’ equity of 9.3%. Shareholders’ net income for 2013 was $25.1 million. President & CEO John Wight [pictured] said, “The financial effects of Hurricanes Fay and Gonzalo... Read more of this article

Aon Benfield: Cat Bond Issuance Breaks Record

Aon Benfield: Cat Bond Issuance Breaks Record

Aon Benfield Securities, the investment banking division of global reinsurance intermediary and capital advisor Aon Benfield, released its latest report on the insurance-linked securities [ILS] sector, which analyses the key trends witnessed in the first quarter of 2015. The report, Insurance-Linked Securities First Quarter 2015 Update, reveals that... Read more of this article

Colonial Offering $25,000 Education Scholarship

Colonial Offering $25,000 Education Scholarship

A local insurance company is urging students interested in a career in the insurance industry to apply for a $25,000 scholarship. Through the Bermuda Foundation for Insurance Studies [BFIS], Colonial Group International Limited, a patron member of BFIS, provides a $25,000 scholarship for up to two years to a junior or senior university student pursuing... Read more of this article

Bermuda Officials In Talks With European Union

Bermuda Officials In Talks With European Union

Bermuda officials have been in talks with European Union authorities on policy matters of mutual interest, the Government said today, adding that “high on the list of priorities are impending EU laws that may disadvantage Bermuda’s insurers and reinsurers.” “But if Bermuda’s quest for equivalence with Europe’s Solvency II Directive... Read more of this article

Freisenbruch-Meyer Introduces HomeCover

Freisenbruch-Meyer Introduces HomeCover

Bermuda’s first insurance cover designed specifically for vacation rental homeowners is being offered by Freisenbruch-Meyer Group, providing “a customized policy that will protect you and your property against such potential losses.” A spokesperson said, “With the increasing number of visitors choosing vacation rental homes for their... Read more of this article

Scope Appointed Chairman Of Willis Bermuda

Scope Appointed Chairman Of Willis Bermuda

Willis Group Holdings has appointed Paul Scope as Chairman of Willis Bermuda, encompassing all of the firm’s operations on the Island. The company said, “In his new role, which he assumes with immediate effect, Scope will oversee Willis’s whole range of Bermuda based operations in a move designed to further enhance collaboration and... Read more of this article

ABIR Members Write $74B In Premiums In 2014

ABIR Members Write $74B In Premiums In 2014

The Association of Bermuda Insurers and Reinsurers [ABIR] released the 2014 global underwriting results for its member [re]insurers, with nineteen of 21 member [re]insurers participating in this 2014 report. The companies write insurance and reinsurance from underwriting centers in Bermuda, Europe, Asia, and North and South America. The 19 [re]insurers... Read more of this article

Stephan Ruoff Named New Tokio Re CEO

Stephan Ruoff Named New Tokio Re CEO

Stephan Ruoff is assuming the role as Chief Executive Officer of Tokio Millennium Re AG [TMR], a subsidiary of Tokio Marine & Nichido Fire Insurance Co. Ltd. Mr. Ruoff has worked with TMR, a global multi-line reinsurer fully backed by the Tokio Marine Group, since 2011 when he joined as Chief Executive Officer of the Zurich branch. He was appointed... Read more of this article

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