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AM Best Affirms Credit Ratings Of Ardellis

AM Best Affirms Credit Ratings Of Ardellis

AM Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Rating of “a-” of Ardellis Insurance Ltd. [Ardellis] [Bermuda]. The outlook of these Credit Ratings [ratings] is stable. The ratings agency said, “The ratings reflect Ardellis’ balance sheet strength, which AM Best categorizes as very strong,... Read more of this article

AXA XL Develops Insurance: Hoyos Hot Wallet

AXA XL Develops Insurance: Hoyos Hot Wallet

AXA XL, the Property & Casualty and Specialty Risk division of AXA, has developed an “innovative insurance solution for Hoyos Integrity Corporation to launch the world’s most secure digital “Hot” wallet.” “In doing so, AXA XL has designed a bespoke contractual liability insurance coverage specifically tailored for, and in... Read more of this article

AM Best Affirms Credit Ratings Of Essent

AM Best Affirms Credit Ratings Of Essent

AM Best has affirmed the Financial Strength Rating of A [Excellent] and a Long-Term Issuer Credit Rating of “a” of the operating subsidiaries of Essent Group Ltd., which are Essent Guaranty, Inc., Essent Guaranty of PA, Inc. [both domiciled in Radnor, PA] and Essent Reinsurance Ltd. [Bermuda] [collectively referred to as Essent]. The outlook of... Read more of this article

AM BestTV: Reinsurance Market Is Evolving

AM BestTV: Reinsurance Market Is Evolving

In this AM BestTV episode from the 2019 Les Rendez-Vous de Septembre conference in Monte Carlo, Monaco, reinsurers and related professionals say the reinsurance market is evolving as companies follow a broader, more diversified path.“How insurance-linked securities [ILS] has taken on an increasingly important role within the reinsurance industry... Read more of this article

Sompo & Willis Towers Watson Launch Platform

Sompo & Willis Towers Watson Launch Platform

Bermuda-based Sompo Global Risk Solutions [GRS] has “entered into a strategic partnership” with Willis Towers Watson to “create an integrated insurance platform to serve the needs of the middle market commercial real estate segment.” The company said, “Sompo GRS offers comprehensive multi-line capabilities targeted to accounts... Read more of this article

Xceedance Catastrophe Modelling Services

Xceedance Catastrophe Modelling Services

Xceedance announced the availability of On-Demand Catastrophe Modelling Services, using the Oasis Loss Modelling Framework. A spokesperson said, “The offering comprises several global and regional catastrophe modelling companies that implement models on the Oasis platform. It delivers modelling services on-demand to the insurance industry —... Read more of this article

Chamber To Host Info Session On Life Insurance

Chamber To Host Info Session On Life Insurance

The Bermuda Chamber of Commerce will host a Lunch and Learn Information Session open to members and non members on Life Insurance, to be held on-site in the Chamber Boardroom on Tuesday September 17th, from 12:00pm – 2:00pm. The session hosted by Freisenbruch-Meyer Life Sales Agents Mr. Damir Armstrong and Ms. Jessica Maiato, will explore the benefits... Read more of this article

Horseshoe Unveil New Brand For Anniversary

Horseshoe Unveil New Brand For Anniversary

Horseshoe, a Bermuda headquartered Insurance-Linked Securities [ILS] service provider in the world, today unveiled its new brand. Andre Perez, Founder and Chief Executive Officer of Horseshoe commented, “As we approach our 15th anniversary, we reflect on our journey, the hard work, passion, focus and discipline that led us to the success we enjoy... Read more of this article

Matalin & Carville To Speak At BILA Conference

Matalin & Carville To Speak At BILA Conference

Duelling husband-and-wife political consultants and commentators Mary Matalin and James Carville will be keynote speakers at the upcoming 2019 Bermuda International Life & Annuity [BILA] Conference. Ms Matalin, a conservative from Chicago, served under US President Ronald Reagan, was director of George H. W. Bush’s re-election campaign, an... Read more of this article

BII Conference To Tackle Opioid Crisis On Oct 3

BII Conference To Tackle Opioid Crisis On Oct 3

The opioid crisis potentially poses a considerable threat of loss to multiple re/insurance lines of business, according to a conference panel moderator. Kirsten E. Beasley, the Head of Healthcare Broking, North America, Willis Towers Watson, is the moderator on a Bermuda Insurance Institute [BII] conference panel looking at the opioids issue. “This... Read more of this article

Hamilton Announces Acquisition & Appointments

Hamilton Announces Acquisition & Appointments

Hamilton Insurance Group, Ltd., today [Aug 20] announced that it has completed its acquisition of Pembroke Managing Agency Limited [“Pembroke”] and its platform at Lloyd’s, as well as Dublin-based carrier, Ironshore Europe DAC [“IEDAC”], from Liberty Mutual Group Inc. ["Liberty"]. The transaction, which follows the signing of a definitive... Read more of this article

BII Conference To Focus On Transformation

BII Conference To Focus On Transformation

Topics ranging from cannabis and opioids to climate change are set to take centre stage at a major insurance conference. The Bermuda Insurance Institute [BII] will hold its annual conference on October 3 and has chosen ‘transformation’ as the overall theme. Matthew Irvine, Conference Chair, said: “Every generation feels that their period in time... Read more of this article

Arch To Acquire Ventus Risk Management

Arch To Acquire Ventus Risk Management

Arch Insurance North America [Arch] announced it has entered into a definitive agreement to acquire Ventus Risk Management [Ventus], a technology and analytics-driven managing general underwriter [MGU] that specializes in providing coastal commercial property insurance solutions to small and mid-sized enterprises. Ventus was founded in 2016, with the... Read more of this article