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Butt Inducted Into Insurance Hall Of Fame

Butt Inducted Into Insurance Hall Of Fame

AXIS Capital Holdings Limited announced that the International Insurance Society [IIS] has inducted Michael Butt OBE, Chairman of AXIS Capital, into the Insurance Hall of Fame and named Mr. Butt the 2019 Insurance Hall of Fame Laureate. Mr. Butt will be honored at the IIS Global Insurance Forum’s Gala Awards taking place on June 20 in Singapore. “We... Read more of this article

BFIS Hold Student Christmas Networking Event

BFIS Hold Student Christmas Networking Event

The Mentor Network Committee of the Bermuda Foundation For Insurance Studies [BFIS] switched up its Christmas networking lunch for college students by holding a coached interactive event. Held at O’Hara House, courtesy of AXA XL, on December 28th it was well attended by over 50 students and insurance professionals.Led by Pamela Barit Nolan of Transform... Read more of this article

Arch Complete Acquisition UK Commercial Lines

Arch Complete Acquisition UK Commercial Lines

Arch Insurance Europe has completed the acquisition of the UK Commercial Lines business owned by The Ardonagh Group and part of its Geo Underwriting [Geo] operating segment. The acquired business, which generated more than £150 million of Gross Written Premium in 2017, will become the newly formed Arch UK Regional Division, focused on commercial property,... Read more of this article

ABIR Support Implementation Of ESA Legislation

ABIR Support Implementation Of ESA Legislation

Bermuda’s leading international insurers and reinsurers, through ABIR, said they “continue to fully support the Bermuda Government’s commitment to facilitate tax transparency and compliance with global standards and maintain the jurisdiction’s top-class reputation.” ABIR noted that the Bermuda Government enacted the Economic Substance... Read more of this article

ABIR Companies Give Back Over Festive Season

ABIR Companies Give Back Over Festive Season

With the holidays in full swing, it’s the season to enjoy time with friends and family, and many in the island’s international insurance and reinsurance industry are taking time to give back to the community. Kevin O’Donnell, President and CEO of RenaissanceRe Holdings and current Chair of ABIR said, “ABIR’s most significant contribution... Read more of this article

Apply For Hamilton Re Intern Programme

Apply For Hamilton Re Intern Programme

Hamilton Re, the Bermuda platform for Hamilton Insurance Group, is inviting applications from students entering their junior year of college who are interested in participating in an intern programme during the summer of 2019. Reporting into the Catastrophe Modelling team, the internship programme provides an opportunity for two undergraduate students... Read more of this article

Sompo International Makes Executive Changes

Sompo International Makes Executive Changes

Sompo International Holdings, a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that effective April 1, 2019, Mr. John Charman, currently Chairman of the Board of Directors and Chief Executive Officer of Sompo International, will be promoted to Chief Executive Officer of Overseas Insurance Business in Sompo... Read more of this article

AM Best Assigns Credit Ratings To Vermeer

AM Best Assigns Credit Ratings To Vermeer

AM Best has assigned a Financial Strength Rating of A [Excellent] and a Long-Term Issuer Credit Rating of “a+” to Vermeer Reinsurance Ltd. The outlook assigned to these Credit Ratings [ratings] is stable. A statement from the ratings agency said, “The ratings reflect Vermeer’s balance sheet strength, which A.M. Best categorizes as very strong,... Read more of this article

BMS Group Expands Bermuda Market Operation

BMS Group Expands Bermuda Market Operation

BMS Group Limited [BMS], the independent specialist insurance and reinsurance broker, today [Dec 17] announced the “build out of its Bermuda market operation with the hiring of George Bowring from Price Forbes and Kian Wookey from JLT.” “The build out in Bermuda will focus on North American liability and property, respectively,”... Read more of this article

AXA XL Donates Over $7000 To Charities

AXA XL Donates Over $7000 To Charities

A number of local charities had an early Christmas when AXA XL made donations totaling more than $7000.00. A spokesperson said, “AXA XL recently donated more than $7000.00 to Bermuda charities. The funds were raised through an internal sale of old branded merchandise. Employees who participated were asked to select a charity of their choice to... Read more of this article

Over 200 Attend ICRMC Cyber Risk Conference

Over 200 Attend ICRMC Cyber Risk Conference

The first Bermudian edition of the highly successful International Cyber Risk Management Conference [ICRMC] was held over two days last week at the Hamilton Princess Hotel & Beach Club in Bermuda. A total of 206 delegates registered for the event including cyber risk professionals and industry executives from across Canada, the United States, the... Read more of this article

Sompo Expands US Cyber Insurance Capabilities

Sompo Expands US Cyber Insurance Capabilities

Bermuda-based Sompo International Holdings has expanded its cyber insurance capabilities with the introduction of a dedicated U.S. team focused on cyber offerings, an enhanced cyber and professional liability product, and an expanded suite of cyber risk management services. This dedicated team of underwriters across the U.S. focused exclusively on marketing... Read more of this article

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