Tag: Bermuda insurance

AFL Investments Announces New Hires

AFL Investments Announces New Hires

AFL Investments today [Oct 27] announced three new hires who bring “extensive investment and managerial expertise” to the financial services company. Joel Schaefer joins as President and Chief Executive Officer, Simon Giffen has been appointed Senior Investment Officer and Wealth Manager, and Julie Preece takes the role of Wealth Manager.... Read more of this article

Catastrophe Risk Seminar On October 28th

Catastrophe Risk Seminar On October 28th

The Bermuda Insurance Institute [BII] and the Risk Prediction Initiative [RPI2.0] will be collaborating again this year to provide seminar focused on Catastrophe Risk. The event will take place on Tuesday, October 28, 2014. Internationally relevant topics discussed will include: tsunami and storm surge, surging seas, and flooding. Additionally, there... Read more of this article

BF&M, Argus: Waiver of Double Deductible

BF&M, Argus: Waiver of Double Deductible

BF&M and Argus announced today [Oct 23] that they will be waiving the right to apply separate deductibles for those unfortunate residential customers who incurred damage during both Tropical Storm Fay and Hurricane Gonzalo. The insurance companies said two named storms in such a short period is a very unique occurrence, and “two deductibles... Read more of this article

Bermuda Insurance Market Conference At BUEI

Bermuda Insurance Market Conference At BUEI

The Bermuda Insurance Institute [BII] will host the 4th Annual Bermuda Insurance Market Conference at the Bermuda Underwater Exploration Institute on Thursday & Friday, October 23rd and 24th. Chris Fisher, BIMC Conference Chairman, and Andrew Soares, Chairman, BII Council, will open and welcome delegates to the Conference. The program will include... Read more of this article

A.M. Best Affirms Ratings Of Rembrandt

A.M. Best Affirms Ratings Of Rembrandt

A.M. Best has affirmed the financial strength rating of A [Excellent] and the issuer credit rating of “a” of Rembrandt Insurance Company, Ltd. [Rembrandt] [Bermuda]. The outlook for both ratings remains stable. A statement from the rating company said, “Rembrandt is a captive of Vitol Holding BV [Netherlands], a holding company of a group... Read more of this article

Argus Now Paying Claims For Fay And Gonzalo

Argus Now Paying Claims For Fay And Gonzalo

The Argus Group yesterday [Oct 20] revealed that it had already started making payments for claims from both Tropical Storm Fay and Hurricane Gonzalo. The company reported that it received claims all weekend regarding damages from the storms. Within one hour of opening their offices on Saturday [Oct 18] morning, Argus representatives visited customer... Read more of this article

Duperreault Addresses State Of Reinsurance

Duperreault Addresses State Of Reinsurance

Brian Duperreault, CEO of Hamilton Insurance Group, the Bermuda-based holding company of property casualty reinsurer Hamilton Re, recently gave a keynote address that investigated the current state of the reinsurance industry, telling his audience that “real opportunity” lay in the industry’s current inflection point. Mr. Duperreault... Read more of this article

Colonial Receives Around 200 Claims So Far

Colonial Receives Around 200 Claims So Far

It could be weeks or even months before the final cost of Hurricane Gonzalo is known as claims continue to come in, according to one of the Island’s leading insurance companies. The Colonial Group opened for business on Saturday morning and since then has seen about 200 claims, mostly for damage to homes. Paul Brierley, Colonial’s Executive Vice... Read more of this article

Video: BF&M To Close, Releases Safety Tips

Video: BF&M To Close, Releases Safety Tips

In preparation for Hurricane Gonzalo, the offices of BF&M will be closed for business on Friday [Oct 17]. A spokesperson said, “Following Hurricane Gonzalo, we will be open for business as soon as possible after the storm passes to assist our customers, once the Emergency Measures Operation has advised that it is safe to travel on the roads... Read more of this article

Colonial Open Late, Has Extra Help On Hand

Colonial Open Late, Has Extra Help On Hand

Colonial Insurance Company is staying open to 6pm tonight [Oct 15] and tomorrow, weather permitting, for people to make renewals as Hurricane Gonzalo approaches, and they have brought in five internationally-experienced loss adjustors to ensure any losses from Hurricane Gonzalo are assessed and dealt with quickly. It has also set up a 24/7 telephone... Read more of this article


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