Hashtag: #BermudaInsurance

Industry Leaders Attend PwC Insurance Summit

Industry Leaders Attend PwC Insurance Summit

With assets of $500 billion, life reinsurance is now the largest insurance sector by assets in Bermuda and could see even greater growth in the coming year, according to industry leaders speaking at the PwC Insurance Summit on Thursday, November 7. Moderating a session on life reinsurance, Colm Homan, Partner, Insurance, PwC Bermuda, noted that in the... Read more of this article

Over 250 Delegates Attend Insurance Summit

Over 250 Delegates Attend Insurance Summit

Bermuda’s role on the world stage was celebrated at the PwC Insurance Summit, presented by the Financial Times on Thursday [Nov 7] at the Hamilton Princess. Now in its 14th year, the island’s premier insurance forum was presented by the Financial Times and two of its leading journalists along with PwC insurance leaders. Over 250 delegates – many... Read more of this article

White Mountains Reports Third Quarter Results

White Mountains Reports Third Quarter Results

White Mountains Insurance Group, Ltd. reported book value per share of $1,003 and adjusted book value per share of $1,005 as of September 30, 2019. Book value per share and adjusted book value per share both increased 2% in the third quarter of 2019. Book value per share and adjusted book value per share increased 12% and 13% in the first nine months... Read more of this article

Sexual Harassment Prevention Training Offered

Sexual Harassment Prevention Training Offered

Sompo International Holdings has partnered with Traliant to offer discounted sexual harassment prevention training to Sompo International’s qualified commercial management liability clients. The company said, “Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has partnered with... Read more of this article

Sompo Hires Harriet Harty As Executive VP

Sompo Hires Harriet Harty As Executive VP

Sompo International Holdings has appointed Harriet Harty as the Executive Vice President and Chief Human Resources Officer [CHRO] for Sompo International’s Commercial P&C operations. The company said, “Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced today... Read more of this article

Davies Launches Consulting Business

Davies Launches Consulting Business

Davies announced the launch of a new compliance & regulatory consulting business in Bermuda. “Davies Consulting [Bermuda] will specialise in providing insurance operations and consultancy solutions for insurance intermediaries and [re]insurers with operations in Bermuda, the UK and globally,” the company said. “The Bermuda operation... Read more of this article

‘Accelerating Digital Workforce Transformation’

‘Accelerating Digital Workforce Transformation’

PwC’s Fit to compete: Accelerating digital workforce transformation in financial services report, which is part of their New world, New skills series, highlights the need for digital upskilling across FS sectors [insurance, banking and capital markets, and asset management] and in different regions across the globe. “FS firms are modernising their... Read more of this article

Students Benefit From ILS Education Initiative

Students Benefit From ILS Education Initiative

Twelve Bermuda College Students and two professors were given the opportunity to attend the recent Bermuda Convergence 2019 event as part of the ILS Bermuda education initiative. A spokesperson said, “At the recent Bermuda Convergence 2019 event, 12 Bermuda College students and two professors were afforded complimentary attendance at the largest... Read more of this article

Bermuda Convergence A “Resounding Success”

Bermuda Convergence A “Resounding Success”

More than 400 attendees from 15 different countries took part in Bermuda Convergence 2019 at the Hamilton Princess & Beach Club from October 9 to October 11, a networking event covering the alternative reinsurance, insurance-linked securities [ILS], and collateralised reinsurance landscape. A spokesperson said, “Initial feedback from delegates... Read more of this article

RenRe Expect Q3 Catastrophe Loss Of $155M

RenRe Expect Q3 Catastrophe Loss Of $155M

Bermuda-based RenaissanceRe Holdings announced it currently estimates that losses from third quarter 2019 catastrophe events will have an estimated net negative impact of approximately $155 million on its third quarter 2019 results of operations. “The estimated losses include Typhoon Faxai and Hurricane Dorian, which will have an estimated net... Read more of this article

Bermuda & Caribbean Insurance CEO Survey

Bermuda & Caribbean Insurance CEO Survey

PwC recently held its Bermuda & Caribbean Insurance CEO Survey, providing unique insights into the market. A spokesperson said, “Caribbean region insurance CEOs are more confident in their own organisation’s revenue prospects than in economic growth in the region, and are focusing on digital transformation to drive growth. “In order... Read more of this article

FAC: Online Payment Processing For Insurers

FAC: Online Payment Processing For Insurers

First Atlantic Commerce [FAC] and Core Technologies have announced their collaboration to enable Core Technologies UnderWriter™ insurance platform clients to accept online payments. A spokesperson said, “First Atlantic Commerce [FAC], a global online payment solutions provider that specializes in the Caribbean and Central America, and Core Technologies... Read more of this article

Finance Minister Speaks At ILS Convergence

Finance Minister Speaks At ILS Convergence

Minister of Finance Curtis Dickinson spoke at the ILS Convergence 2019 Conference on Thursday [Oct 10], with the conference being held from October 9 to October 11. Speaking at the conference, Minister Dickinson said, “Celebrating seven years, the Insurance Linked Securities Convergence Conference serves as a unique opportunity for you to connect... Read more of this article