Hashtag: #BermudaInsurance

Fitch: Re/insurer Earnings To Fall On Fire Losses 

Fitch: Re/insurer Earnings To Fall On Fire Losses 

The ongoing California wildfires are expected to become one of the costliest wildfire catastrophe-insured loss events ever for the property/casualty insurance industry, and losses will likely negatively impact fourth-quarter earnings of companies with material property exposure in the state, Fitch Ratings said. “However, while insured losses are... Read more of this article

AM Best Upgrades Credit Ratings Of Evergreen

AM Best Upgrades Credit Ratings Of Evergreen

A.M. Best has upgraded the Financial Strength Rating to A [Excellent] from A- [Excellent] and the Long-Term Issuer Credit Rating to “a” from “a-” of Evergreen Insurance Company Limited [EICL] [Bermuda]. The outlook of these Credit Ratings [ratings] is stable. A statement from the ratings agency said, “The ratings reflect EICL’s balance sheet... Read more of this article

Insurtech Startups To Pitch New Digital Tools

Insurtech Startups To Pitch New Digital Tools

Hamilton Insurance Group, the Bermuda-based property and casualty insurance and reinsurance company with operations in Bermuda and at Lloyd’s, today announced the lineup of insurtech startups that will pitch their new digital tools at the GR Innovation & Insurtech conference on November 19 at Rosewood Bermuda. Hamilton Re CEO Kathleen Reardon... Read more of this article

‘Fireside Chat’ On Bermuda’s Insurance Market

‘Fireside Chat’ On Bermuda’s Insurance Market

Hamilton Insurance Group CEO, Pina Albo, is to take part in a fireside chat to discuss the Bermuda insurance market. Organised by the Bermuda Insurance Institute [BII] the event, on Tuesday, November 20, is the latest in its on-going Women’s Series which aims to identify and help remove roadblocks preventing women from having an increased presence... Read more of this article

Implementation Of IFRS 17 Delayed By A Year

Implementation Of IFRS 17 Delayed By A Year

The International Accounting Standards Board [IASB] has today proposed to delay the implementation of IFRS 17 – a new international accounting standard for insurance contracts – by one year. Commenting on the decision from today’s IASB meeting, subject to the IASB’s due process, that the IFRS 17 insurance accounting standard will be delayed... Read more of this article

Hamilton Insurance Partners With Code441

Hamilton Insurance Partners With Code441

Hamilton Insurance Group, the Bermuda-based holding company for insurance and reinsurance operations in Bermuda and at Lloyd’s, today announced it is expanding its focus on youth digital literacy in Bermuda through a partnership with Code441, a non profit founded to empower and equip young people with the skills and resources to pursue opportunities... Read more of this article

PwC: $100B ILS Market Relevant & Reliable

PwC: $100B ILS Market Relevant & Reliable

The $100 billion insurance linked securities market has proven to be both relevant and reliable after the spate of heavy catastrophe losses around the world in 2017 and 2018, PwC ILS leader David Gibbons stated at the PwC Insurance Summit. Mr Gibbons was part of a panel of ILS industry leaders including Jay Green, Managing Director, GC Securities,... Read more of this article

White Mountains Reports Third Quarter Results

White Mountains Reports Third Quarter Results

White Mountains Insurance Group, Ltd. [WTM] reported book value per share of $938 and adjusted book value per share of $926 as of September 30, 2018. Book value per share and adjusted book value per share both increased 2% in the third quarter of 2018 and 1% in the first nine months of 2018, including dividends. Comprehensive income [loss] attributable... Read more of this article

‘Blockchain Spotlight: Strategies For Road Ahead’

‘Blockchain Spotlight: Strategies For Road Ahead’

Earlier this month, the Minister of National Security Wayne Caines spoke at the PwC Insurance Summit Strategies for Success in the New Reality presented by Financial Times Live and PwC held at the Hamilton Princess. Minister Wayne Caines with panel members L-R – Moderator – George Thomas, Senior Advisor, Advisory Services, PwC Bermuda, Andre McGregor,... Read more of this article

Reinsurance Market Discussed At Summit

Reinsurance Market Discussed At Summit

Transformation of the Bermuda reinsurance market, and what it may look like in five to 10 years dominated discussions at the PwC Insurance Summit on Thursday. Opening the summit, Arthur Wightman, PwC Bermuda, said: “Over that last decade we have witnessed significant transformative change within the industry and at PwC we believe that both the speed... Read more of this article

EY To Host Reinsurance Outlook On Nov 29

EY To Host Reinsurance Outlook On Nov 29

EY will be hosting their annual Global [Re]Insurance Outlook in Bermuda on November 29, in conjunction with Re-insurance.com. The event will bring together over 300 insurance executives, subject matter experts and stakeholders for a half-day discussion on emerging trends and leading practices in the [re]insurance industry. The summit will provide a... Read more of this article

Insurance Leaders At PwC Insurance Summit

Insurance Leaders At PwC Insurance Summit

Top global insurance and reinsurance chief executives are set to join Premier David Burt and other industry stakeholders at the PwC Insurance Summit on Thursday, November 1 to discuss the transformation of the Bermuda market, innovation and what the future landscape may look like. More than 200 industry executives and professionals are registered to... Read more of this article

BII & BMA Join Forces For Talk On ILAC Process

BII & BMA Join Forces For Talk On ILAC Process

Experts from the Bermuda Monetary Authority are to hold a lunch and learn session to explain new licensing rules and ILAC process for new insurers and re-insurers. Organised by the Bermuda Insurance Institute [BII], the session will also look at the required documentation for new insurance applications for insurers and re-insurers as well as existing... Read more of this article