Hashtag: #BermudaInsurance

Sompo To Include Smaller Commercial Clients

Sompo To Include Smaller Commercial Clients

Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that Sompo Global Risk Solutions [GRS] has formed a new team offering insurance solutions to smaller businesses in the U.S. and Mexico, including its industry vertical and Asian interest accounts. “The creation of... Read more of this article

2019 BILTIR Scholarship Awarded To Zya Fraser

2019 BILTIR Scholarship Awarded To Zya Fraser

The Bermuda International Long-Term Insurers & Reinsurers [BILTIR] continues to make a positive impact in the local community by awarding its fourth scholarship to University-bound Bermudian student Zya Fraser. “The announcement came on July 19 at the Association of Bermuda International Companies Education Awards luncheon. The scholarship... Read more of this article

Aspen Prices Public Offering Of $250 Million

Aspen Prices Public Offering Of $250 Million

Aspen Insurance Holdings has priced an underwritten public offering of 10,000,000 Depositary Shares, each of which represents a 1/1000th interest in a share of the Company’s newly designated 5.625% Perpetual Non-Cumulative Preference Shares. The Preference Shares have a liquidation preference of $25,000 per Preference Share, equivalent to $25 per... Read more of this article

White Mountains Report Second Quarter Results

White Mountains Report Second Quarter Results

White Mountains Insurance Group, Ltd. reported book value per share of $987 and adjusted book value per share of $986 as of June 30, 2019. Book value per share and adjusted book value per share both increased 1% in the second quarter of 2019. Book value per share and adjusted book value per share increased 10% and 11% in the first six months of 2019,... Read more of this article

Dive In Festival Taking Place In September

Dive In Festival Taking Place In September

The Dive in Festival, a re/insurance industry initiative, is taking place in Bermuda and numerous other locations around the world from September 24 to 26. This is the fourth year that the Bermuda re/insurance industry has participated in the festival. A spokesperson said, “The Dive In Festival, which promotes diversity and inclusion in the global... Read more of this article

AM Best Upgrades Credit Ratings Of PartnerRe

AM Best Upgrades Credit Ratings Of PartnerRe

New Jersey-based international credit agency AM Best has upgraded the Financial Strength Rating [FSR] to A+ [Superior] from A [Excellent] and the Long-Term Issuer Credit Ratings [Long-Term ICR] to “aa-” from “a+” of the operating subsidiaries of Bermuda reinsurer PartnerRe Ltd. The subsidiaries comprise: Partner Reinsurance Company Ltd.; Partner... Read more of this article

ABIR 2018 Global Underwriting Results Released

ABIR 2018 Global Underwriting Results Released

The Association of Bermuda Insurers and Reinsurers [ABIR] released the 2018 global underwriting results for its member [re]insurers reporting record, gross written premium exceeding $100 billion [US]. ABIR said, “Twenty-one of the 23-member [re] insurers participated in this 2018 report. The companies write insurance and reinsurance from underwriting... Read more of this article

PwC Summit Speakers & Agenda Announced

PwC Summit Speakers & Agenda Announced

Chief executives of the world’s largest re/insurers and leading risk experts will gather in Bermuda on November 7, 2019 for the PwC Insurance Summit presented by the Financial Times. The Summit is the island’s annual meeting point for senior executives and professionals in the insurance and reinsurance industry, offering a high-level opportunity... Read more of this article

Kevin O’Donnell To Speak At ILS Convergence

Kevin O’Donnell To Speak At ILS Convergence

ILS [Bermuda] Ltd., organisers of Bermuda Convergence 2019, today [June 24] announced that Kevin O’Donnell, President and CEO of RenaissanceRe Holdings Ltd., will be the event’s industry keynote speaker on Thursday, October 10th. Mr. O’Donnell has served as Chief Executive Officer of RenaissanceRe since July, 2013 and as President since November,... Read more of this article

Toronto Forum Highlights Business Opportunities

Toronto Forum Highlights Business Opportunities

Investors and executives turned out for Bermuda’s first multi-industry forum in Canada, part of a delegation’s visit to Toronto this week that included meetings with corporate and civic leaders highlighting bilateral business opportunities. A spokesperson said, “Among the meetings, Finance Minister Curtis Dickinson sat down with his Ontario... Read more of this article

Argo Group Adopts AVYST Technology

Argo Group Adopts AVYST Technology

Argo Group International Holdings has adopted “insurtech that enables MGAs, wholesalers, and independent brokers to submit, quote, and bind risks seamlessly, without paper or error.” A spokesperson said, “Argo has deployed AVYST’s bi-directional forms system, eForms Wizard, making it possible for clients and brokers to enter risk... Read more of this article

EY Sponsors 15th Bermuda Captive Conference

EY Sponsors 15th Bermuda Captive Conference

EY recently sponsored and participated in the 15th Annual Bermuda Captive Conference at the Fairmont Southampton. The conference attracted over 800 delegates and included captive insurance owners, risk managers, in addition to audit, legal, banking and support service providers; and provides a forum for promotion, support and growth of the Bermuda’s... Read more of this article

Attendees Praise Captive Conference Event

Attendees Praise Captive Conference Event

Owners and corporate risk managers for Fortune 500 companies, among nearly 800 delegates attending this week’s Bermuda Captive Conference, praised the 15th annual event for its innovative programme, expert panels, and dynamic social and networking opportunities.Bermuda’s largest industry conference, which ran Monday through Wednesday at Fairmont... Read more of this article