Hashtag: #BermudaInsurance

Column: Insurtech, Demystifying The Hype

Column: Insurtech, Demystifying The Hype

[Opinion column written by Chris Garrod] I work in the reinsurance world. Wait don’t leave.Specifically, I work in the legal sector, and for whatever reason, it always feels like conference and/or event season. And I’ve been to a number of insurance and reinsurance related events/conferences lately. And every single one has had one panel [some... Read more of this article

Mayoral And Media Meetings At RIMS In Texas

Mayoral And Media Meetings At RIMS In Texas

Innovation, resilience and Bermuda’s value to global economies were key themes for discussion as Bermuda met with insurance media and San Antonio Mayor Ron Nirenberg. Premier and Finance Minister David Burt, along with a delegation of representatives from the Bermuda Monetary Authority [BMA], insurance industry, and the Bermuda Business Development... Read more of this article

A.M. Best Upgrades Ratings Of Nissan Global

A.M. Best Upgrades Ratings Of Nissan Global

A.M. Best has upgraded the Financial Strength Rating to A from A- and the Long-Term Issuer Credit Rating to “a” from “a-” of Bermuda-based Nissan Global Reinsurance. A statement from the ratings agency said, “The ratings reflect NGRe’s balance sheet strength, which A.M. Best categorizes as strongest, as well as its adequate operating performance,... Read more of this article

Bermuda Business Forums To Be Held In Canada

Bermuda Business Forums To Be Held In Canada

A 14-strong delegation of industry representatives will head to Canada next month to promote the corporate benefits of setting up a captive insurance company in Bermuda. Led by the Bermuda Business Development Agency [BDA], the roadshow includes half-day executive forums in British Columbia and Ontario—in Vancouver on May 15 and Toronto on May 17—as... Read more of this article

$144 Billion In Insured Losses Worldwide In 2017

$144 Billion In Insured Losses Worldwide In 2017

The insured losses from natural and man-made disasters worldwide in 2017 were $144 billion – the highest ever recorded in a single year. This is according to Swiss Re which said, “At USD 144 billion, the insured losses from natural and man-made disasters worldwide in 2017 were the highest ever recorded in a single year. “The main... Read more of this article

115 Visitors To Attend Healthcare Forum

115 Visitors To Attend Healthcare Forum

Specialist insurance buyers for major hospital systems, long-term care facilities, physicians groups, and health benefits and services providers in North America come to the island this month for the second Bermuda Healthcare Forum. “A total of 206 delegates, including 115 overseas guests, have registered to attend the event, taking place April... Read more of this article

Bermuda Insurance Experts To Speak At Rims

Bermuda Insurance Experts To Speak At Rims

Bermuda’s global insurance expertise will get the spotlight in a special executive forum hosted by the Bermuda Business Development Agency [BDA] during this month’s RIMS Annual Conference & Exhibition in San Antonio, Texas. The Bermuda Executive Forum, organised in partnership with the Bermuda Captive Conference, will see two panels of senior... Read more of this article

ABIR To Mark Anniversary With Leaders Forum

ABIR To Mark Anniversary With Leaders Forum

A special half-day forum bringing together distinguished past leaders with current chief executives of Bermuda’s global insurance market will be held to mark the 25th anniversary of the Association of Bermuda Insurers and Reinsurers [ABIR] this summer. “The quarter-century milestone event, slated for the afternoon of July 10 at Rosewood Bermuda,... Read more of this article

White Mountains To Acquire NSM Majority Stake

White Mountains To Acquire NSM Majority Stake

White Mountains Insurance Group has entered into an agreement to acquire a majority equity stake in NSM Insurance Group [NSM], a leading specialty insurance program administrator. “The transaction values NSM at approximately $388 million. White Mountains intends to fund the acquisition through a combination of cash on hand and new debt issued... Read more of this article

PwC: Insurance CEOs Optimistic About Growth

PwC: Insurance CEOs Optimistic About Growth

While insurance continues to be one of the most disrupted sectors in the global economy and insurance CEOs are more concerned about the pace of technological change than CEOs in any other industry, more than 90% of insurance CEOs are confident about their own organisation’s revenue prospects over the next three years. This year 100 insurance CEOs... Read more of this article

Artificial Intelligence & Insurance In The Future

Artificial Intelligence & Insurance In The Future

[Updated] The IRM Bermuda Group will be hosting ‘Artificial Intelligence and Insurance: A Glimpse of the Future’. “Data has always been at the heart of the insurance industry. What has changed in our current reality to create massive disruption is the amount of data generated daily and the speed at which machines can process the info and uncover... Read more of this article

ABIR Hosts UGA Students For Annual Program

ABIR Hosts UGA Students For Annual Program

The Association of Bermuda Insurers and Reinsurers [ABIR] hosted the University of Georgia [UGA] students on March 13th for a 2-hour primer on how Bermuda has become one of the world’s most important reinsurance centers over the last 25 years. “Helping connect Bermuda to the next generation of insurance industry professionals carries our risk innovation... Read more of this article

Argo Group Announces Acquisition Of Ariscom

Argo Group Announces Acquisition Of Ariscom

Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products, today [March 13] announced it has acquired Italian specialty insurer Ariscom. Effective immediately, Matt Harris, head of ArgoGlobal’s European and Asian operations, will assume the role of Ariscom Managing Director. “Ariscom provides... Read more of this article