Tag: Bermuda insurance

BF&M, Argus: Waiver of Double Deductible

BF&M, Argus: Waiver of Double Deductible

BF&M and Argus announced today [Oct 23] that they will be waiving the right to apply separate deductibles for those unfortunate residential customers who incurred damage during both Tropical Storm Fay and Hurricane Gonzalo. The insurance companies said two named storms in such a short period is a very unique occurrence, and “two deductibles... Read more of this article

Bermuda Insurance Market Conference At BUEI

Bermuda Insurance Market Conference At BUEI

The Bermuda Insurance Institute [BII] will host the 4th Annual Bermuda Insurance Market Conference at the Bermuda Underwater Exploration Institute on Thursday & Friday, October 23rd and 24th. Chris Fisher, BIMC Conference Chairman, and Andrew Soares, Chairman, BII Council, will open and welcome delegates to the Conference. The program will include... Read more of this article

A.M. Best Affirms Ratings Of Rembrandt

A.M. Best Affirms Ratings Of Rembrandt

A.M. Best has affirmed the financial strength rating of A [Excellent] and the issuer credit rating of “a” of Rembrandt Insurance Company, Ltd. [Rembrandt] [Bermuda]. The outlook for both ratings remains stable. A statement from the rating company said, “Rembrandt is a captive of Vitol Holding BV [Netherlands], a holding company of a group... Read more of this article

Argus Now Paying Claims For Fay And Gonzalo

Argus Now Paying Claims For Fay And Gonzalo

The Argus Group yesterday [Oct 20] revealed that it had already started making payments for claims from both Tropical Storm Fay and Hurricane Gonzalo. The company reported that it received claims all weekend regarding damages from the storms. Within one hour of opening their offices on Saturday [Oct 18] morning, Argus representatives visited customer... Read more of this article

Duperreault Addresses State Of Reinsurance

Duperreault Addresses State Of Reinsurance

Brian Duperreault, CEO of Hamilton Insurance Group, the Bermuda-based holding company of property casualty reinsurer Hamilton Re, recently gave a keynote address that investigated the current state of the reinsurance industry, telling his audience that “real opportunity” lay in the industry’s current inflection point. Mr. Duperreault... Read more of this article

Colonial Receives Around 200 Claims So Far

Colonial Receives Around 200 Claims So Far

It could be weeks or even months before the final cost of Hurricane Gonzalo is known as claims continue to come in, according to one of the Island’s leading insurance companies. The Colonial Group opened for business on Saturday morning and since then has seen about 200 claims, mostly for damage to homes. Paul Brierley, Colonial’s Executive Vice... Read more of this article

Video: BF&M To Close, Releases Safety Tips

Video: BF&M To Close, Releases Safety Tips

In preparation for Hurricane Gonzalo, the offices of BF&M will be closed for business on Friday [Oct 17]. A spokesperson said, “Following Hurricane Gonzalo, we will be open for business as soon as possible after the storm passes to assist our customers, once the Emergency Measures Operation has advised that it is safe to travel on the roads... Read more of this article

Colonial Open Late, Has Extra Help On Hand

Colonial Open Late, Has Extra Help On Hand

Colonial Insurance Company is staying open to 6pm tonight [Oct 15] and tomorrow, weather permitting, for people to make renewals as Hurricane Gonzalo approaches, and they have brought in five internationally-experienced loss adjustors to ensure any losses from Hurricane Gonzalo are assessed and dealt with quickly. It has also set up a 24/7 telephone... Read more of this article

Freisenbruch-Meyer Group On Storm Claims

Freisenbruch-Meyer Group On Storm Claims

[Updated] Freisenbruch-Meyer Group said, “We are working diligently to process claims made related to Tropical Storm Fay in advance of the impending hurricane and we are monitoring Hurricane Gonzalo very closely. “While we continue to ‘hope for the best, we must prepare for the worst.’ Therefore, we urge our clients to make the necessary... Read more of this article

Lloyd’s Chairman To Speak At BMA Seminar

Lloyd’s Chairman To Speak At BMA Seminar

The Bermuda Monetary Authority [BMA] has unveiled an impressive line-up of speakers and panelists for the first of what is intended to become a series of seminars focusing on the drivers of change in the financial services industry. Chairman of Lloyd’s of London, John Nelson [pictured left], will give the opening keynote address at the inaugural seminar... Read more of this article


Latest Tweets From Bernews