Hashtag: #BermudaInsurance

Re/insurers ‘Well Positioned To Absorb Losses’

Re/insurers ‘Well Positioned To Absorb Losses’

Hurricane Michael will add to insured catastrophe losses accumulated thus far this year, pushing 2018 closer to a more normal catastrophe loss year, following a relatively benign first half of 2018, according to Fitch Ratings. The company said, “Fitch believes the property/casualty [re]industry is well positioned to absorb the losses from Michael,... Read more of this article

Sompo Expands US Environmental Insurance

Sompo Expands US Environmental Insurance

Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has established a new business unit to extend environmental liability insurance capabilities to a wider range of industries in the U.S. market. “Sompo International will offer tailored mono-line environmental liability coverage... Read more of this article

Impact Of California Wildfires On Re/Insurance

Impact Of California Wildfires On Re/Insurance

The impact of the California wildfires on the re-insurance industry in Bermuda will be the focus of a talk at a major conference this week. Michael Murphy, from California-based law firm Severson & Werson, is to be a guest speaker at the 8th Annual Bermuda Insurance Market Conference – ‘Bermuda Affirms Its Relevance In A New [Re]Insurance Era’... Read more of this article

A.M. Best Affirms Credit Ratings Of Transmonde

A.M. Best Affirms Credit Ratings Of Transmonde

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

Program For Small Coffee Farmers In Colombia

Program For Small Coffee Farmers In Colombia

Nespresso and Blue Marble Microinsurance have collaborated to launch a pilot weather index insurance program for smallholder coffee farmers in Colombia. A spokesperson said, “Nespresso, the worldwide pioneer and reference in premium portioned coffee, and Blue Marble Microinsurance, a startup with the mission of providing socially impactful, commercially... Read more of this article

BFIS Insurance Presentations At Local Schools

BFIS Insurance Presentations At Local Schools

The start of the school year has BFIS making presentations to senior year students in all the high schools, both public and private, to encourage students to see the possibilities of the myriad of careers within the insurance sector. This year the newly-formed BFIS Schools Outreach Committee, who are almost all BFIS Alumni, has taken on this programme... Read more of this article

Hamilton Announces Panelists At GR Innovation

Hamilton Announces Panelists At GR Innovation

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 panelists who will participate in a conversation on innovation at the GR Innovation & Insurtech conference to be held on November 19, 2018, at Rosewood Bermuda. Hamilton CEO... Read more of this article

Bermuda Insurance Market Conference On Oct 11

Bermuda Insurance Market Conference On Oct 11

Panelists will discuss issues ranging from Diversity & Inclusion to the views of millennials during a major insurance conference next month. The 8th Annual Bermuda Insurance Market Conference – ‘Bermuda Affirms Its Relevance In A New [Re]Insurance Era’ – will take place on October 11 at O’Hara House, on Bermudiana Road, with the keynote... Read more of this article

PwC Insurance Summit Set For November 1

PwC Insurance Summit Set For November 1

The PwC Insurance Summit, set to be held on November 1, will feature a number of draws, including keynote speakers Eric Andersen, Co-President, Aon plc, and Michael Butt, Chairman of the Board, AXIS Capital Holdings. A spokesperson said, “As Bermuda’s largest reinsurance conference, the PwC Insurance Summit is pleased to bring together a diverse... Read more of this article

Williams-Charles To Speak At ‘Dive In Festival’

Williams-Charles To Speak At ‘Dive In Festival’

The Dive In Festival, a re/insurance industry initiative, is taking place in Bermuda and numerous other locations around the world from September 25 to 27, with ABIR’s Suzanne Williams-Charles to make closing comments at the reception. A spokesperson said, “Dive In will feature events in a record number of locations this year, including... Read more of this article

Florence Estimated Insured Losses: $2.8 – $5B

Florence Estimated Insured Losses: $2.8 – $5B

RMS, a global risk modeling and analytics firm, has estimated that the insured loss for Hurricane Florence will be between USD $2.8 billion and USD $5 billion. “This estimate represents insured losses associated with wind, storm surge, and inland flood damage across North Carolina, South Carolina, and Virginia, including losses to the National... Read more of this article

Cookhouse Pop-Up To Launch At ConnecTech

Cookhouse Pop-Up To Launch At ConnecTech

Toronto-based Insurance Innovation Lab is getting set to debut ‘Cookhouse Lab’ in Bermuda on September 28, “a one-of-a-kind open collaboration space that allows thought leaders and industry experts to come together to solve the toughest issues facing the insurance sector.” A spokesperson said, “By joining one of its accelerated... Read more of this article

BMA Release Paper On Supervisory Approach

BMA Release Paper On Supervisory Approach

The Bermuda Monetary Authority [BMA] has published an occasional paper sharing its experience in developing a framework for identifying, assessing and understanding money laundering [ML] and terrorism financing [TF] risks within Bermuda’s insurance sector. A summary of this paper will also be featured in the forthcoming Financial Action Task Force... Read more of this article