Hashtag: #BermudaInsurance

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

First Student-Run Captive Insurer To Launch

First Student-Run Captive Insurer To Launch

An American university has chosen Bermuda as its domicile for the first known student-run captive insurance company. Students enrolled in the Davey Risk Management & Insurance Program at Butler University’s Lacy School of Business in Indianapolis, Indiana, were granted licensing approval from the Bermuda Monetary Authority [BMA] this month to... Read more of this article

Hotel Plaque Commemorates Insurance History

Hotel Plaque Commemorates Insurance History

Hamilton Princess & Beach Club has unveiled a plaque to commemorate a key milestone in Bermuda’s insurance history. The founding chairman and first employee of ACE Limited, John R. Cox, wrote the company’s first insurance policy in Room 348 at the hotel on November 1, 1985. ACE, which adopted the Chubb name in 2016 following its acquisition... Read more of this article

Winners Of BII Insurance Industry Awards

Winners Of BII Insurance Industry Awards

The Bermuda Insurance Institute [BII] announced the winners of the 2016 Insurance Industry Awards, which recognize companies and individuals whose contributions to the [re]insurance industry, and/or the local community are highly commendable. The winners will be honoured on May 18, 2017 at the annual awards ceremony which will be held at the Hamilton... Read more of this article

BII To Host Women’s Development Series

BII To Host Women’s Development Series

The Bermuda Insurance Institute [BII] is set to host its second annual Women Development Series. “Throughout April and May 2017, the BII will provide a series of seminars designed primarily for female professionals – although the information provided can add value to male professionals as well,” BII said. “Leaders from the business... Read more of this article

Video: Insurers & Reinsurers Explore New Paths

Video: Insurers & Reinsurers Explore New Paths

In a recent A.M.BestTV episode, Scott Mangan, senior financial analyst, A.M. Best, discusses a recent briefing that reviews market conditions for Bermuda-based insurers and reinsurers, including expansions into new coverages and sources of capital. “Some players are growing a little bit quicker than others,” said Mangan. “However, a lot of that... Read more of this article

BII To Host Student Recognition Luncheon

BII To Host Student Recognition Luncheon

Over 100 local insurance students will be recognized for their achievements at the Bermuda Insurance Institute’s [BII] annual Student Recognition Luncheon. Bradley Kading, President and Executive Director of the Association of Bermuda Insurers and Reinsurers [ABIR], will give the keynote speech. All the students have earned designations in one or... Read more of this article

Bermuda Re/Insurers Fight Strong Undercurrent

Bermuda Re/Insurers Fight Strong Undercurrent

“Despite its best efforts, negative trends in the results of Bermuda market insurers and reinsurers have become increasingly evident, with the average return on equity continuing a steady decline since 2013 to 7.0% in 2016,” according to a new A.M. Best briefing. The Best’s Briefing, titled, “Bermuda Market [Re]Insurers Continue To Fight... Read more of this article

BII Offer Seminar On ‘Bad Faith Exposures’

BII Offer Seminar On ‘Bad Faith Exposures’

The Bermuda Insurance Institute [BII] is offering a session for insurance professionals designed to address issues with regards to bad faith exposures under follow-form liability policies. Topics to be addressed include jurisdiction of US courts, standards of conduct, bad faith and the duty to defend, interaction between excess carriers, and pursuing... Read more of this article

Fitch Ratings: Harnessing “Big Data” Is Essential

Fitch Ratings: Harnessing “Big Data” Is Essential

Harnessing “big data” is proving essential for insurers seeking to maintain and increase market share and profitability, according to Fitch Ratings, who said that those that fail to keep pace risk being marginalised or coming under pressure to consolidate. “Many elements of the insurance business could be transformed, such as distribution,... Read more of this article