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Fitch: Demand For Cyber Insurance To Increase

Fitch: Demand For Cyber Insurance To Increase

The slew of recent ransomware attacks in over 150 countries reveals the widening scope of corporations’ cyber risk exposures, which is likely to increase demand for related insurance protection, Fitch Ratings says. “Insurers are in a unique position to assist customers in addressing the cyber threat. However, a cautious approach to adding cyber... Read more of this article

Fitch: Reinsurance Pricing Won’t Turn This Year

Fitch: Reinsurance Pricing Won’t Turn This Year

The soft pricing in the global reinsurance market will continue for at least the rest of 2017, Fitch Ratings says. “We expect premium rates to continue declining, due to large volumes of under-deployed capital and sluggish demand from reinsurance buyers following several years of below-average catastrophe claims,” the ratings agency said. “Even... Read more of this article

Videos: Bermuda Leaders On AM BestTV

Videos: Bermuda Leaders On AM BestTV

Bermuda government, industry and regulatory leaders have been featured on AM BestTV following RIMS 2017 interviews in which they discussed the strength of the island’s insurance market, Bermuda’s regulatory leadership, the upcoming America’s Cup, and the impact of fast-changing geopolitics such as Brexit and US tax reform. The interviews were... Read more of this article

CedarBridge, BILTIR Join Forces For Exam Prep

CedarBridge, BILTIR Join Forces For Exam Prep

Students are busy preparing for their end-of-year exams, and this year CedarBridge Academy students received some extra help from the international business community, as a group of insurance professionals from BILTIR volunteered to hold a series of review sessions at the school over the past month, with the students attending over their lunch period,... Read more of this article

BII To Hold Leading In 21st Century Workshop

BII To Hold Leading In 21st Century Workshop

The Bermuda Insurance Institute [BII] will be presenting a workshop led by a visiting professor from the prestigious Harvard University as part of its Executive Leadership Program Called ‘Leading in the 21st Century,’ the program consists of two modules ‐ one focusing on leadership and the other on negotiation. The Leadership segment [a... Read more of this article

Captive Insurance Experts Head To Canada

Captive Insurance Experts Head To Canada

A team of industry experts, led by the Bermuda Business Development Agency [BDA], heads to Vancouver and Toronto this week to raise awareness about the value of captive insurance to Canadian corporations. The team visits Vancouver, BC, May 8–9, holding an Executive Forum on Bermuda Captive Insurance Solutions on the second day to offer insurance buyers,... Read more of this article

Over 100 People Attend Q&A Panel Session

Over 100 People Attend Q&A Panel Session

KPMG in Bermuda hosted over 100 professionals from across Bermuda’s Banking, Insurance, Investment, and Legal sectors at a Q&A panel session on Tuesday, May 2nd at the Trade Winds Auditorium of the BUEI. Panellists from the Office of the National Anti-Money Laundering Committee [NAMLC] and the Bermuda Monetary Authority [BMA] responded to questions... Read more of this article

IDF: ‘Build Economic And Human Resilience’

IDF: ‘Build Economic And Human Resilience’

Leading insurance and risk management experts from around the world gathered at RIMS 2017 to outline ways risk management efforts can bolster economic development and improve the speed and effectiveness of recovery efforts after natural disasters. The Insurance Development Forum [IDF], a public/private partnership of the United Nations, World Bank and... Read more of this article

Cyber, Climate Change & Artificial Turf Risks

Cyber, Climate Change & Artificial Turf Risks

On May 10th, the Bermuda Insurance Institute [BII] is hosting a presentation followed by a cocktail reception for insurance professionals about the risks related to cyber, climate change and artificial turf. “Presenters are law partners from New York law firm, Traub Lieberman Straus & Shrewsberry LLP and the presentation will cover the following... Read more of this article

Professor To Speak On ‘Strategic Persuasion’

Professor To Speak On ‘Strategic Persuasion’

Dr. Mario Moussa, an instructor from the Aresty Institute of Executive Education at the Wharton School of business will be speaking at the Bermuda Insurance Institute on May 16th, 2017. He will provide a three hour seminar on persuasion and selling your ideas. His session will cover salary negotiation, persuading others, selling your ideas, and motivating... Read more of this article

Simons On Promoting Bermuda Captive Market

Simons On Promoting Bermuda Captive Market

Bermuda Captive Owners Association [BOCA] General Manager Rochelle Simons says clients telling the benefits of having a Bermuda domiciled captive are a great way to promote the captive market. Ms Simons was speaking at the recently held Bermuda Insurance Management Association [BIMA] Annual General Meeting held at the Royal Bermuda Yacht Club in Hamilton. One... Read more of this article

Reinsurers To Adapt To Higher UK Injury Costs

Reinsurers To Adapt To Higher UK Injury Costs

U.S. and Bermuda insurers and reinsurers that cover bodily injury claims in the U.K. will adapt quickly to higher costs stemming from a change in how settlements are calculated, with just a short-term knock to their earnings, Fitch Ratings says.“However, the need to set aside extra reserves for U.K. risks adds to the pressure they are facing... Read more of this article

ABIR Release 2016 Global Underwriting Results

ABIR Release 2016 Global Underwriting Results

The Association of Bermuda Insurers and Reinsurers [ABIR] today released the 2016 global underwriting results for its member re/insurers, with 21 of 23 members participated in the report. The companies write insurance and reinsurance from underwriting centers in Bermuda, Europe, Asia, North and South America. The 21 re/insurers wrote $92.296 billion... Read more of this article

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