Hashtag: #BermudaInsurance

Insurance Careers Movement At CEO Town Hall

Insurance Careers Movement At CEO Town Hall

Leading insurance industry CEOs on both sides of the Atlantic, led by Hamilton Insurance Group Chairman and CEO Brian Duperreault, hosted an international Town Hall webinar that attracted over one thousand participants in the US, Canada, Bermuda and the United Kingdom. The Town Hall was designed to encourage young insurance professionals already working... Read more of this article

Barrenechea Appointed To Hamilton Board

Barrenechea Appointed To Hamilton Board

Hamilton Insurance Group, the Bermuda-based holding company for insurance and reinsurance operations in Bermuda, the U.S. and at Lloyd’s, announced  that Mark J. Barrenechea has been appointed to its Board of Directors. Mr. Barrenechea, a veteran of Silicon Valley’s technology sector, is Chief Executive Officer and Chief Technology Officer of OpenText,... Read more of this article

Nearly 340 People Attend Bermuda Convergence

Nearly 340 People Attend Bermuda Convergence

On November 9 and November 10, close to 340 attendees from 13 different countries arrived at the Hamilton Princess for Bermuda Convergence 2016, a networking event covering the alternative reinsurance, ILS and collateralised reinsurance landscape. A spokesperson said, “Initial feedback from delegates and sponsors indicates Convergence 2016 was... Read more of this article

‘Re/insurers Should Be Proud Of Performance’

‘Re/insurers Should Be Proud Of Performance’

Reinsurance leaders shared their views with more than 270 industry professionals at the annual PwC – S&P Global Bermuda Reinsurance conference on November 8, with CEOs saying the island’s reinsurance market “should be proud of its performance.” Matthew Britten, PwC Bermuda insurance partner, said, “I think what I heard on Tuesday... Read more of this article

AM Best Affirms Ratings Of Aspen Insurance

AM Best Affirms Ratings Of Aspen Insurance

A.M. Best has affirmed the Financial Strength Rating [FSR] of A [Excellent] and the Long-Term Issuer Credit Ratings [Long-Term ICR] of “a” of Aspen Insurance UK Limited [AIUK] [United Kingdom], Aspen Bermuda Limited [ABL] [Bermuda], Aspen American Insurance Company [AAIC] [Dallas, TX] and Aspen Specialty Insurance Company [ASIC] [Bismarck, ND].... Read more of this article

PwC, S&P Global Reinsurance Conference

PwC, S&P Global Reinsurance Conference

Amid a perfect storm of soft pricing, low investment yields and new industry disruptors, insurance industry leaders will offer their views on the factors re-defining the competitive landscape at the PwC – S&P Global Ratings Bermuda Reinsurance conference on Tuesday, November 8th. This year’s conference, Bermuda’s leading industry event,... Read more of this article

Webcasts Promote Captive Insurance In Bermuda

Webcasts Promote Captive Insurance In Bermuda

The benefit of Bermuda captive insurance companies for major corporations of all industries is the focus of a new series of webcasts produced by Bermuda Business Development Agency [BDA]. Seven videos are being released over the next four weeks explaining what captives are and how they can be used as highly-effective self-insurance vehicles to cut costs... Read more of this article

Bermuda Captive Insurance Forum In Toronto

Bermuda Captive Insurance Forum In Toronto

A team of Bermuda industry and regulatory experts heads to Toronto, Canada later this month to educate corporate executives about the risk-management benefits of captive insurance. Bermuda Business Development Agency [BDA] leads the group, which will host an executive forum on Tuesday, November 22 at the city’s downtown Shangri-La Hotel. Representatives... Read more of this article

Neon Appoints Dwayne Hunt As Senior VP

Neon Appoints Dwayne Hunt As Senior VP

Neon has appointed Dwayne Hunt to the role of Senior Vice President – Property Insurance in Neon’s Bermuda office. Neon opened a Bermuda office earlier this year to provide greater access to both the local and US markets as the company expands its international footprint. Hunt joins Neon, effective 1 December, from his current role as Senior... Read more of this article

Somerset Re Completes $375M Capital Raise

Somerset Re Completes $375M Capital Raise

Somerset Reinsurance Ltd. has increased its common share capitalization to $375 million, including investments from three strategic investors and a diverse group of high net worth investors. Somerset Re provides customized risk management solutions to the life insurance and annuity sectors, helping clients efficiently deploy capital, improve long-term... Read more of this article

2016 Bermuda Insurance Market Conference

2016 Bermuda Insurance Market Conference

The 2016 Bermuda Insurance Market Conference, entitled ‘The Power of Prediction’, will take place on Friday, October 21 at Chubb. The event’s speakers will include Leila Madeiros from the Association of Insurers and Reinsurers [ABIR] and Ross Webber of the Bermuda Business Development Agency [BDA], while overseas presenter Libbe Englander,... Read more of this article

AM Best: ‘Reinsurance Market To Bear Brunt’

AM Best: ‘Reinsurance Market To Bear Brunt’

A.M. Best expects the reinsurance market to bear the brunt of insured losses from damage on Bermuda caused by Hurricane Nicole, according to a new briefing. The company said, “Hurricane Nicole inflicted a direct blow on Bermuda on Oct. 13, 2016, as a category 3 hurricane. The eye of the storm passed directly over the island, causing Bermuda to... Read more of this article

Hurricane Nicole: FMG Handles 85 Claims

Hurricane Nicole: FMG Handles 85 Claims

Freisenbruch-Meyer Group is currently handling 85 claims attributable to Hurricane Nicole which hit the Island on Thursday. The company said, “We are pleased to report that a number of clients utilized our EClaims App, with the remainder contacting us via traditional means. :To best serve our personal and corporate clients, our offices were open... Read more of this article