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Catastrophe Bonds Hit Record $26.82 Billion

Catastrophe Bonds Hit Record $26.82 Billion

An impressive $7 billion of catastrophe bonds and similar insurance-linked securities [ILS] issued in 2016 took the outstanding cat bond market to the highest level since its inception, according to Artemis.bm. A spokesperson said, “The Artemis.bm Deal Directory recorded over $7.05 billion of new catastrophe bonds in 2016, which, after accounting... Read more of this article

BFIS Holds Christmas Speed Networking Lunch

BFIS Holds Christmas Speed Networking Lunch

Over 70 insurance professionals and undergraduate students participated in BFIS’ annual Christmas Speed Networking Lunch on December 29 at O’Hara House.A spokesperson said, “With eight rotations, each lasting six minutes, every student had the opportunity to meet and talk one‐on‐one to at least eight insurance industry representatives... Read more of this article

Hamilton Insurance Group’s 2016 Charity Giving

Hamilton Insurance Group’s 2016 Charity Giving

Hamilton Insurance Group, the Bermuda-based holding company for insurance and reinsurance operations in Bermuda, the US and the UK, announced the names of the Bermuda-registered charities supported by its Community Giving Committee during 2016. Funding was distributed among nine organizations meeting the criteria outlined by the committee when it was... Read more of this article

BFIS Celebrates 20th Anniversary At AGM

BFIS Celebrates 20th Anniversary At AGM

The Bermuda Foundation For Insurance Studies [BFIS] celebrated its 20th Anniversary at the Annual General meeting held on December 12, 2016. The lunch which followed was well attended by nearly 100 insurance professionals with close links to the Foundation, ranging from founding member Brian O’Hara to this year’s graduates just entering the industry. Chairman... Read more of this article

Health Insurance Dept Release Annual Report

Health Insurance Dept Release Annual Report

The Ministry of Health and Seniors announced that the Health Insurance Department recently issued its annual report for FutureCare and Health Insurance Plan [HIP] policyholders. The 2015/2016 report, which covers the period from 1 April 2015 to 31 March 2016, outlines growth in the number of policyholders, new medical benefits, how claims money was... Read more of this article

Neon Appoint Two Non-Executive Directors

Neon Appoint Two Non-Executive Directors

Neon announced the appointments of Tom Hulst and Gavin Hunter as Non-Executive Directors of Neon’s Bermuda operations with immediate effect. “Tom has over 20 years’ [re]insurance experience, having held senior positions with both US and Bermuda [re]insurers,” the company said. “He most recently served as Chief Executive of Ariel... Read more of this article

Aspen Reinsurance Renews Silverton For 2017

Aspen Reinsurance Renews Silverton For 2017

Aspen Reinsurance, the reinsurance segment of Aspen Insurance Holdings Limited, announced that its Aspen Capital Markets division renewed Silverton Re Ltd. for 2017. Silverton Re, a Bermuda-domiciled special purpose insurer, was established in December 2013 to provide additional collateralized capacity to support Aspen Re’s global reinsurance business. Silverton... Read more of this article

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