Hashtag: #BermudaInsurance

Envelop Risk Appoints Brian O’Hara To Board

Envelop Risk Appoints Brian O’Hara To Board

Envelop Risk, a global specialty cyber insurance analytics and underwriting firm, announces that industry veteran Brian O’Hara will be appointed to its Board of Directors, effective as of May 31, 2018. O’Hara is the former Chairman and CEO of XL Capital Ltd, now XL Group. O’Hara joins Envelop’s distinguished board of directors and management... Read more of this article

Hamilton Capital Appoint Brenton Slade

Hamilton Capital Appoint Brenton Slade

Hamilton Insurance Group, the Bermuda-based holding company for insurance and reinsurance operations in Bermuda and at Lloyd’s, today announced the appointment of Brenton Slade as Senior Vice President, Hamilton Capital Partners, a new business unit that will be tasked with the further development of Hamilton’s capital management capabilities. Mr.... Read more of this article

XL Catlin Celebrates 20 Years In Colombia

XL Catlin Celebrates 20 Years In Colombia

This year marks the 20th anniversary of XL Catlin’s Reinsurance operations in Colombia. Peter Schmidt, XL Catlin’s Chief Executive Asia Pacific, Latin America & Global Credit and Surety, said: “Since 1998 our talented team of experts has been focused on providing dedicated underwriting solutions to our clients in Colombia and the broader Latin... Read more of this article

PwC Insurance Summit Set For November 1

PwC Insurance Summit Set For November 1

PwC Bermuda will host the annual PwC Insurance Summit, presented by the Financial Times, on November 1 at the Hamilton Princess & Beach Club. A spokesperson said, “The PwC Insurance Summit will bring together over 200 industry leaders, experts, and professionals to discuss trends and strategies to adapt and innovate in the fast evolving insurance... Read more of this article

Focus On Women’s Professional Development

Focus On Women’s Professional Development

A year-long series of events aimed at promoting the professional development of women in the insurance and reinsurance sectors will kick off later this month – fulfilling a pledge made by a new CEO who wants to see greater diversity in the industry. When he was appointed to his role as Chief Executive Officer of the Bermuda Insurance Industry [BII]... Read more of this article

Colonial Acquires Minority Interest In Beacon

Colonial Acquires Minority Interest In Beacon

Colonial Group International Ltd. has acquired a minority interest in Beacon Insurance Company Ltd of Trinidad & Tobago. The partnership agreement, which was signed last Monday and is subject to regulatory approval by the Central Bank of Trinidad and Tobago, is “expected to generate significant growth opportunities for both insurers,”... Read more of this article

Fitch: Bermuda Reinsurers To Remain Resilient

Fitch: Bermuda Reinsurers To Remain Resilient

“Profitability will remain under pressure for Bermuda reinsurers following a trying 2017, though the collective strength of the sector should remain largely intact according to Fitch Ratings’ latest peer review of the sector,” Fitch Ratings said. “Bermuda reinsurers suffered significant catastrophe losses last year due largely to... Read more of this article

White Mountains Tender Preliminary Results

White Mountains Tender Preliminary Results

White Mountains Insurance Group announced the preliminary results of its “modified Dutch auction” tender offer to purchase up to 500,000 shares. The tender offer expired at midnight, New York City time, at the end of the day on May 7th. “Based on a preliminary count by the depositary for the tender offer, 585,467 shares were properly... Read more of this article

Fitch: ‘Blockchain A Potential Game Changer’

Fitch: ‘Blockchain A Potential Game Changer’

Fitch Ratings views blockchain as a “potential game-changing technology for the insurance industry over the long term,” with the ratings agency adding that “the uncertainties around this nascent technology remain pronounced.” Fitch said, “Fitch Ratings views blockchain as a potential game-changing technology for the insurance industry... Read more of this article

Column: Insurtech, Demystifying The Hype

Column: Insurtech, Demystifying The Hype

[Opinion column written by Chris Garrod] I work in the reinsurance world. Wait don’t leave.Specifically, I work in the legal sector, and for whatever reason, it always feels like conference and/or event season. And I’ve been to a number of insurance and reinsurance related events/conferences lately. And every single one has had one panel [some... Read more of this article

Mayoral And Media Meetings At RIMS In Texas

Mayoral And Media Meetings At RIMS In Texas

Innovation, resilience and Bermuda’s value to global economies were key themes for discussion as Bermuda met with insurance media and San Antonio Mayor Ron Nirenberg. Premier and Finance Minister David Burt, along with a delegation of representatives from the Bermuda Monetary Authority [BMA], insurance industry, and the Bermuda Business Development... Read more of this article

A.M. Best Upgrades Ratings Of Nissan Global

A.M. Best Upgrades Ratings Of Nissan Global

A.M. Best has upgraded the Financial Strength Rating to A from A- and the Long-Term Issuer Credit Rating to “a” from “a-” of Bermuda-based Nissan Global Reinsurance. A statement from the ratings agency said, “The ratings reflect NGRe’s balance sheet strength, which A.M. Best categorizes as strongest, as well as its adequate operating performance,... Read more of this article

Bermuda Business Forums To Be Held In Canada

Bermuda Business Forums To Be Held In Canada

A 14-strong delegation of industry representatives will head to Canada next month to promote the corporate benefits of setting up a captive insurance company in Bermuda. Led by the Bermuda Business Development Agency [BDA], the roadshow includes half-day executive forums in British Columbia and Ontario—in Vancouver on May 15 and Toronto on May 17—as... Read more of this article