Tag: Bermuda insurance

Freisenbruch-Meyer Waives Loss Of Discount

Freisenbruch-Meyer Waives Loss Of Discount

Freisenbruch-Meyer Group [FMG] said they recognize the No Claims Discount [NDC] for auto insurance is an industry incentive to promote safe driving/riding, and said that in the aftermath of Tropical Storm Fay and Hurricane Gonzalo, FMG have agreed to waive any loss of NCD for clients who reported an auto related claim due to damage from either storm. Michael... Read more of this article

Argus Group Continues Global Expansion

Argus Group Continues Global Expansion

The Argus Group of Companies today [Nov 18] announced the acquisition of the client portfolio of Millennium Insurance Agency Ltd [Millennium] in Malta, on October 24, 2014. A spokesperson said, “In keeping with Argus’ commitment to seek further opportunities for global expansion, the purchase of Millennium’s client relationships allows Argus... Read more of this article

Hamilton Insurance To Acquire Sportscover

Hamilton Insurance To Acquire Sportscover

Hamilton Insurance Group, the Bermuda-based holding company for property casualty reinsurer Hamilton Re and insurer Hamilton USA, announced that it has entered into a Share Purchase Agreement to acquire Sportscover Underwriting Limited, a Lloyd’s managing agent which manages Syndicate 3334, and Kinetic Insurance Brokers Limited, a Lloyd’s insurance... Read more of this article

Crabel Re Launches On MultiStrat Re Platform

Crabel Re Launches On MultiStrat Re Platform

Los Angeles based Crabel Capital, recently sponsored the launch of Crabel Re, a Bermuda based reinsurance company that can invest in the firm’s short term systematic trading strategy, Crabel Multi-Product. The company said, “Crabel Re was recently incorporated and licensed conditionally as a Class 3A reinsurer by the Bermuda Monetary Authority... Read more of this article

Argus Offers ‘Windstorm Forgiveness Policy’

Argus Offers ‘Windstorm Forgiveness Policy’

The Argus Group announced that the No Claims Discount [NCD] scale — the level of reduction in premium offered to customers who have not filed a claim in a set period of time — will not be reduced for the bike and car policyholders who have filed a valid claim for damage caused by windstorm during Tropical Storm Fay or Hurricane Gonzalo. The... Read more of this article

Reinsurance Driving Changes Have ‘Intensified’

Reinsurance Driving Changes Have ‘Intensified’

The challenges facing the reinsurance market have intensified in the past year, the Annual PwC – S&P Bermuda Reinsurance Conference heard yesterday [Nov 12], but reinsurers are evolving and innovating, resulting in a number of positive changes for the industry. Despite the challenges, the conference heard that Bermuda remains the centre of the... Read more of this article

ILS Bermuda Announces New Panel, Speakers

ILS Bermuda Announces New Panel, Speakers

Over the last few years, a variety of new capital structures have significantly changed the dynamics of the reinsurance industry. With no sign that the rate of change is slowing, a panel led by Paul Schultz, CEO of Aon Benfield Securities, will ask – where are we heading? The panel will bring together top minds in the industry to discuss the topic:... Read more of this article

Gonzalo Not Expected To Impact Ratings

Gonzalo Not Expected To Impact Ratings

A.M. Best said they do “not anticipate any rating changes for Bermuda’s domestic insurers as a result of Hurricane Gonzalo, which made landfall on the island on Oct. 17, 2014, with wind gusts that topped 130 mph. The ratings agency said, “The eye of the storm passed directly over Bermuda, likely softening the blow of the storm and sparing... Read more of this article

AFL Investments Announces New Hires

AFL Investments Announces New Hires

AFL Investments today [Oct 27] announced three new hires who bring “extensive investment and managerial expertise” to the financial services company. Joel Schaefer joins as President and Chief Executive Officer, Simon Giffen has been appointed Senior Investment Officer and Wealth Manager, and Julie Preece takes the role of Wealth Manager.... Read more of this article

Catastrophe Risk Seminar On October 28th

Catastrophe Risk Seminar On October 28th

The Bermuda Insurance Institute [BII] and the Risk Prediction Initiative [RPI2.0] will be collaborating again this year to provide seminar focused on Catastrophe Risk. The event will take place on Tuesday, October 28, 2014. Internationally relevant topics discussed will include: tsunami and storm surge, surging seas, and flooding. Additionally, there... Read more of this article


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