Hashtag: #BermudaInsurance

BFIS Interns Head To Atlanta And Chicago

BFIS Interns Head To Atlanta And Chicago

Two teams of students left Bermuda on Saturday headed for Atlanta and Chicago to experience those insurance markets through the BFIS ‘Intro to Insurance Programme’. This year’s Atlanta students are Walker Campbell [Economics/ William & Mary], Aaron Rego [Economics/ East Anglia], Danielle Wall [Business/ Wilfrid Laurier] and Chelsea Warren... Read more of this article

BMA Cancel Intrepidus Insurance Registration

BMA Cancel Intrepidus Insurance Registration

The Bermuda Monetary Authority [BMA] has cancelled the insurance brokerage registration of Intrepidus Insurance Services, saying they are “taking this action to safeguard the interests of former, current and potential clients of the Company.” A spokesperson said, “The Bermuda Monetary Authority [the Authority] has cancelled the insurance... Read more of this article

ABIR Release 2017 Global Underwriting Results

ABIR Release 2017 Global Underwriting Results

The Association of Bermuda Insurers and Reinsurers [ABIR] released the 2017 global underwriting results for its member [re]insurers ahead of its 25th anniversary leadership forum next week. “Twenty-one of 23 member [re]insurers participated in this 2017 report. The companies write insurance and reinsurance from underwriting centers in Bermuda,... Read more of this article

BII Event: Anne Chalmers, Cathy Duffy To Speak

BII Event: Anne Chalmers, Cathy Duffy To Speak

Two female industry veterans will be the speakers at an event to promote the professional development of women in the re/insurance sector. The Bermuda Insurance Institute [BII] is organizing a 12-month series of events to discuss solutions to problems that are preventing more women rising to the top of the industry ranks. In the second of the series,... Read more of this article

4.2% Increase In Social Insurance Contributions

4.2% Increase In Social Insurance Contributions

The Department of Social Insurance advised that a 4.2% increase in social insurance contributions will be effective on August 1st, with the current combined rate per week of $68.94 set to raise to $71.84, an increase of $2.90. A spokesperson said, “The Department of Social Insurance advised the public that pursuant to the Contributory Pensions... Read more of this article

Liberty Announces New Limestone Transaction

Liberty Announces New Limestone Transaction

Limestone Re Ltd., a Bermuda domiciled segregated account company, issued $278 million of participating notes to investors in a private placement transaction that provides collateralized reinsurance for Liberty Mutual’s U.S. property catastrophe program, as well as its U.S. homeowners and global property reinsurance risk. “Reinsurance through... Read more of this article

BII: Take Ownership Of Career Development

BII: Take Ownership Of Career Development

Women were urged to take ownership of their own career development in order to achieve their aspirations during a lunch and learn organized to find solutions to issues preventing women succeeding in the re/insurance sector. That was one of the key messages delivered by Kathleen Faries, Head of TMR Bermuda, and Fiona Luck, a long-time industry Executive... Read more of this article

WiRe Announces Three Officer Appointments

WiRe Announces Three Officer Appointments

Women in Reinsurance [WiRe], the organization for women working in the Bermuda reinsurance sector, today [June 27] announced three officer appointments. A spokesperson said, “The appointments include Head of Events Committee – Rachael Afford, Vice President, Specialty Reinsurance, Allied World; Secretary – Joelina Redden, General Counsel,... Read more of this article

Argus Sells Private Placement Life Business

Argus Sells Private Placement Life Business

The Argus Group today [June 27] announced the sale of its private placement life business, which includes Argus International Life Bermuda Limited and its subsidiaries, Argus International Life Insurance Limited, and Bermuda Life Worldwide Limited, to Advantage Insurance Inc., a specialty private placement life insurance company. The transaction is... Read more of this article

Altmaier, Consedine, Enoizi To Speak At Forum

Altmaier, Consedine, Enoizi To Speak At Forum

Two senior American insurance regulatory leaders and the CEO of the UK government-backed terrorism reinsurer will be keynote speakers at a 25th anniversary leadership forum hosted next month by the Association of Bermuda Insurers & Reinsurers [ABIR]. They join Bermuda Premier David Burt and former Premier Sir John Swan among a slate of high-profile... Read more of this article

XL Catlin Adds Aviation Insurance In Mexico

XL Catlin Adds Aviation Insurance In Mexico

XL Catlin announced the launch of specialty aviation insurance in Mexico. The new product suite will initially focus on general aviation hull and liability risks. Pablo Crain, Country Manager, XL Catlin, Mexico said: “As a leading market for specialty insurance we are relentlessly focused on strengthening our capabilities and product offering. XL... Read more of this article

Bill To Create Insurance Regulatory Sandbox

Bill To Create Insurance Regulatory Sandbox

The Insurance Amendment Act 2018 will be tabled in the House today [June 22] Premier David Burt said, explaining that the aim is to create an “Insurance Regulatory Sandbox which will further position Bermuda to maintain its status as a leading centre for insurance innovation.” “Technology-enabled innovations in the insurance industry... Read more of this article

Women’s Development Series Rescheduled

Women’s Development Series Rescheduled

The first in a series of events aimed at promoting the professional development of women in the insurance and reinsurance sectors will now take place later this month after been postponed due to illness. The Bermuda Insurance Institute is organizing a programme of events over the next 12 months which will concentrate on finding specific solutions to... Read more of this article