Hashtag: #BermudaInsurance

Ed Broking To Open New Operation In Bermuda

Ed Broking To Open New Operation In Bermuda

Ed, the global reinsurance, wholesale and specialty broker, has announced that it will be setting up a new broking platform in Bermuda “to develop business in the important [re]insurance hub.” A spokesperson said, “Once approved by the Bermuda Monetary Authority, the operation will be built and led by Chris Bonard, who is currently... Read more of this article

A.M. Best & S&P Upgrade Ratings Of AXA XL

A.M. Best & S&P Upgrade Ratings Of AXA XL

AXA XL, the P&C and specialty risk division of AXA SA [AXA] announced that the Financial Strength Rating [FSR] and Long-term Issuer Credit Rating [Long-Term ICR] of its core insurance and reinsurance companies have been upgraded by A.M. Best and Standard & Poor’s [S&P]. A.M. Best has upgraded the FSR to A+ [Superior] from A [Excellent]... Read more of this article

Sompo & SV Agricultural Insurance Partnership

Sompo & SV Agricultural Insurance Partnership

Sompo International Holdings, a Bermuda-based specialty provider of property and casualty insurance and reinsurance, and SV SparkassenVersicherung [SV], one of the largest public insurance companies in Germany,  have entered a partnership to “offer innovative insurance solutions to the agriculture sector.” The companies have been business... Read more of this article

Shellé Hendrickson: AXA XL Head of Healthcare

Shellé Hendrickson: AXA XL Head of Healthcare

AXA XL today [Dec 6] announced that Shellé Hendrickson has been appointed as Head of Healthcare in its Bermuda Insurance business. Ms. Hendrickson succeeds Vivienne Moniz who was recently promoted to Head of Excess Casualty, Bermuda. In her new role, Ms. Hendrickson, who reports to Ms. Moniz, will be responsible for developing, implementing and driving... Read more of this article

Stephen Jones Elected Chairman Of BFIS

Stephen Jones Elected Chairman Of BFIS

At the Annual General Meeting of the Bermuda Foundation For Insurance Studies [BFIS] held on December 4th, Stephen Jones [1998 BFIS Scholar], Vice-President Financial Lines, Underwriter with Chubb, was elected as the new Chairman of the Foundation. “Stephen is a long-serving member of both the Board of Trustees and the Scholarship Committee and... Read more of this article

Captive Education Summit Set For December 4

Captive Education Summit Set For December 4

PwC will provide support and platinum sponsorship of The Bermuda Insurance Management Association–Bermuda Insurance Institute’s 2018 Captive Education Summit. set for December 4 at the Hamilton Princess’ Trudeau Ballroom from 1.00pm to 5.00pm, followed by networking drinks, with registration to begin at 12.30pm. David Gibbons, PwC Bermuda... Read more of this article

Arch Announces Strategic Leadership Changes

Arch Announces Strategic Leadership Changes

Arch Insurance announced Hugh Sturgess will assume the role of Chief Executive Officer, Arch Insurance International, effective Jan. 1, 2019, subject to regulatory approvals. Arch Insurance International includes Arch’s insurance operations in Europe, Bermuda and Australia. Mr. Sturgess has been with Arch Insurance since 2005 and is currently President... Read more of this article

ICRMC Conference To Take Place In December

ICRMC Conference To Take Place In December

Cyber insurance buyers and risk experts from pension funds, banks, and technology firms are set to visit the island in December to take part in the International Cyber Risk Management Conference [ICRMC]. A spokesperson said, “A total of 175 delegates, including 70 overseas guests, have registered already to attend the event, taking place December... Read more of this article

Fitch: Re/insurer Earnings To Fall On Fire Losses 

Fitch: Re/insurer Earnings To Fall On Fire Losses 

The ongoing California wildfires are expected to become one of the costliest wildfire catastrophe-insured loss events ever for the property/casualty insurance industry, and losses will likely negatively impact fourth-quarter earnings of companies with material property exposure in the state, Fitch Ratings said. “However, while insured losses are... Read more of this article

AM Best Upgrades Credit Ratings Of Evergreen

AM Best Upgrades Credit Ratings Of Evergreen

A.M. Best has upgraded the Financial Strength Rating to A [Excellent] from A- [Excellent] and the Long-Term Issuer Credit Rating to “a” from “a-” of Evergreen Insurance Company Limited [EICL] [Bermuda]. The outlook of these Credit Ratings [ratings] is stable. A statement from the ratings agency said, “The ratings reflect EICL’s balance sheet... Read more of this article

Insurtech Startups To Pitch New Digital Tools

Insurtech Startups To Pitch New Digital Tools

Hamilton Insurance Group, the Bermuda-based property and casualty insurance and reinsurance company with operations in Bermuda and at Lloyd’s, today announced the lineup of insurtech startups that will pitch their new digital tools at the GR Innovation & Insurtech conference on November 19 at Rosewood Bermuda. Hamilton Re CEO Kathleen Reardon... Read more of this article

‘Fireside Chat’ On Bermuda’s Insurance Market

‘Fireside Chat’ On Bermuda’s Insurance Market

Hamilton Insurance Group CEO, Pina Albo, is to take part in a fireside chat to discuss the Bermuda insurance market. Organised by the Bermuda Insurance Institute [BII] the event, on Tuesday, November 20, is the latest in its on-going Women’s Series which aims to identify and help remove roadblocks preventing women from having an increased presence... Read more of this article

Implementation Of IFRS 17 Delayed By A Year

Implementation Of IFRS 17 Delayed By A Year

The International Accounting Standards Board [IASB] has today proposed to delay the implementation of IFRS 17 – a new international accounting standard for insurance contracts – by one year. Commenting on the decision from today’s IASB meeting, subject to the IASB’s due process, that the IFRS 17 insurance accounting standard will be delayed... Read more of this article