Hashtag: #BermudaInsurance

Survey: ABIR Members Contribute Over $840M

Survey: ABIR Members Contribute Over $840M

Members of the Association of Bermuda Insurers & Reinsurers [ABIR] made a direct economic contribution to Bermuda of more than $840 million in 2017, according to the group’s 13th annual member survey results released today [Sept 19]. “Data reported for calendar year 2017 from 23 ABIR members showed ABIR’s aggregate direct economic impact... Read more of this article

BILTIR Appoint Ronald Klein As Senior Advisor

BILTIR Appoint Ronald Klein As Senior Advisor

The Bermuda International Long Term Insurers and Reinsurers [BILTIR] Board of Directors announced the appointment of Ronnie Klein as Senior Advisor to BILTIR. Klein has over 30 years’ experience in the global life insurance industry and brings a wealth of knowledge to BILTIR. He currently serves as the Secretariat for the Global Reinsurance Forum... Read more of this article

Florida Lawyer Vince Beilman To Give Talk At BII

Florida Lawyer Vince Beilman To Give Talk At BII

Florida lawyer Vince Beilman, who has represented some of the world’s largest insurance carriers and Fortune 500 companies, is to give a talk on countering inflated rates charged by some contractors after disasters like hurricanes. A lunch and learn on this issue, known as Assignment of Benefits [AOB], has been organized by the Bermuda Insurance Institute... Read more of this article

Mutual Insurance Appoint Richardson As CEO

Mutual Insurance Appoint Richardson As CEO

Mutual Insurance Company Limited announced that Joanne Richardson joined the Company as Chief Executive Officer effective September 1, 2018. “Joanne, given her extensive experience with media liability risks, is a perfect fit for Mutual,” said Rick Spurling, President and Chairman of Mutual. “She has both the qualifications and the leadership... Read more of this article

300 Attendees Expected At BILTIR Conference

300 Attendees Expected At BILTIR Conference

On Thursday, September 27, 2018, insurance executives from around the world will come to Bermuda for the fifth annual Bermuda International Life and Annuity Conference, hosted by the industry’s association of companies known as the Bermuda International Long Term Insurers and Reinsurers [BILTIR]. “With nearly 300 registered attendees expected,... Read more of this article

‘Encouraging Diversity & Inclusion In Workplace’

‘Encouraging Diversity & Inclusion In Workplace’

Bermuda’s re/insurance community is again joining Lloyd’s of London and cities around the world to lead discussions aimed at “encouraging diversity and inclusion in the workplace and bringing about real changes in the industry.” “The Dive In Festival will take place from September 25th to 27th with events in a record number of... Read more of this article

Adam Galinsky Talk Rescheduled To 2019

Adam Galinsky Talk Rescheduled To 2019

A talk by best-selling author and Professor of Business at the Columbia Business School next week has been rescheduled. Professor Adam Galinsky was due to speak as part of the Bermuda Insurance Institute’s Women’s Series, which aims to explore solutions to removing roadblocks for women to succeed in the re-insurance sector. BII CEO, Malcolm Butterfield... Read more of this article

Catherine Duffy To Join AIG As Country Manager

Catherine Duffy To Join AIG As Country Manager

American International Group, Inc. today announced that Catherine Duffy will join the company’s General Insurance business as Country Manager of Bermuda, at a date to be determined. “In this role, Ms. Duffy will oversee AIG’s insurance operations and strategy in Bermuda, reporting to Lex Baugh, Chief Executive Officer of North America General... Read more of this article

Fitch: Scale Benefits Fuel Reinsurance M&A

Fitch: Scale Benefits Fuel Reinsurance M&A

Consolidation of the global reinsurance industry will continue, as intense market competition and capital levels drive M&A, while smaller players lacking scale and diversification see further pressure on growth and profitability, Fitch Ratings says. The ratings agency said, “Marginalized companies are increasingly incentivized to explore M&A,... Read more of this article

‘Bermuda Leading The ReinsurTech Revolution’

‘Bermuda Leading The ReinsurTech Revolution’

Bermuda could spark a ‘ReinsurTech’ revolution, which combines InsurTech with the island’s reinsurance expertise as the business environment on the island is also more accommodating to innovation than any other jurisdiction, according to panelists at an industry Roundtable of experts hosted by AdvantageGo, the commercial insurance and... Read more of this article

‘Key International Hub For Reinsurance’

‘Key International Hub For Reinsurance’

“Bermuda will continue to be a key international hub for reinsurance despite being challenged in recent years, most recently by tax reform in the United States, which fundamentally changed how multinational entities are taxed,” according to the new A.M. Best report, “Global Reinsurance: Optimism Fizzles, It’s Back to the ‘New Normal.’” “Changes... Read more of this article

Premier Burt Concludes Visit To Europe

Premier Burt Concludes Visit To Europe

Premier David Burt is concluding his visit to Europe, which included his visit to Paris for the OECD Blockchain Summit, his attendance at the Eurofi Financial Forum in Vienna, and his visit to Brussels, where he was the guest speaker at ABIR’s 11th Annual International Insurance Regulatory Issues Dialogue. At today’s [Sept 7] ABIR conference the... Read more of this article

ABIR Companies Operate In 20 EU States

ABIR Companies Operate In 20 EU States

Bermuda’s global [re]insurance market has a “growing positive impact on the European Union, with companies providing critical coverage to European policyholders and businesses,” according to a recent study by the Association of Bermuda Insurers & Reinsurers [ABIR]. The group’s 13th Annual Economic Impact Survey, gathering 2017 data... Read more of this article