Hashtag: #ABIR
ABIR Comments On Planned Payroll Tax Change
The Association of Bermuda Insurers and Reinsurers [ABIR] said while they fully support the introduction of payroll tax progressivity, they urge the Government to “develop existing sources and new alternatives to the payroll tax as a means for raising revenues” as an “overemphasis on the payroll tax makes Bermuda operations even more... Read more of this article
ABIR Appoint Weinstein: Policy Committee Chair
The Association of Bermuda Insurers and Reinsurers [ABIR] announced the appointment of Stephen Weinstein to Chair of its Policy Committee. The Policy Committee serves as the chief policy body of ABIR, with review of insurance regulation in Bermuda and overseas, international regulatory standards, public policy in Bermuda, and US natural disaster policy... Read more of this article
Kevin O’Donnell Elected As Chair Of ABIR
Kevin O’Donnell, President and CEO of RenaissanceRe Holdings Ltd. has been elected chair of the Association of Bermuda Insurers and Reinsurers [ABIR] for a two-year term beginning January 1, 2017. O’Donnell succeeds XL Catlin Executive Deputy Chairman Stephen Catlin who completes his two-year term December 31, 2016. The ABIR Board elected officers... Read more of this article
ABIR On Bermuda Airport Redevelopment Project
“ABIR members recognize that Bermuda’s lifeline to the rest of the world – the 70-year-old Bermuda LF Wade Airport Terminal – is decrepit, subject to extraordinary maintenance costs, and at enormous risk from sea level rise and hurricanes,” the Association of Bermuda Insurers and Reinsurers [ABIR] said today. “The sewage system... Read more of this article
Survey: ABIR Members Contribute $834.3 Million
Members of the Association of Bermuda Insurers and Reinsurers [ABIR] directly contributed $834.3 million to the Bermuda economy in 2015, with aggregate spinoff benefits estimated to multiply the impact, according to ABIR’s 11th annual Bermuda Economic Impact Survey released today [August 17]. Twenty-one Bermuda-based ABIR member companies participated... Read more of this article
Business Leaders On Impact Of UK Leaving EU
[Updated] The Association of Bermuda Insurers and Reinsurers and Bermuda Business Development Agency have both commented on the British voters decision to leave the European Union, with the referendum seeing 51.9% of voters backing an exit vote, while 48.1% voted to stay. ABIR said that Bermuda’s Solvency II equivalence finding by the European Union... Read more of this article
ABIR Release 2015 Global Underwriting Results
The Association of Bermuda Insurers and Reinsurers [ABIR] today released the 2015 global underwriting results for its member [re]insurers. Nineteen of 22 member [re]insurers participated in this 2015 report. The companies write insurance and reinsurance from underwriting centers in Bermuda, Europe, Asia, North and South America. The 19 [re]insurers... Read more of this article
ABIR Kicks Off BFIS Intern Program With Seminar
The Association of Bermuda Insurers and Reinsurers’ [ABIR] opened the annual Bermuda Foundation of Insurance Studies [BFIS] ‘Intro-to-Insurance’ summer intern program with a 2-hour introductory seminar on the Bermuda [re]insurance market. ABIR Senior Vice President, Deputy Director and Corporate Secretary Leila Madeiros, who led the workshop commented:... Read more of this article
Bermuda’s Solvency II Equivalence Takes Effect
On March 25, the BMA’s equivalency under the three measures of Solvency II became effective, and is retroactive to January 1st, the Association of Bermuda Insurers and Reinsurers [ABIR] said. Bradley Kading, President and Executive Director of ABIR, said, “Bermuda’s robust regulation regime for commercial insurers has now been found ‘equivalent’... Read more of this article
Traver Alexander Promoted To Public Policy Rep
The Association of Bermuda Insurers and Reinsurers’ [ABIR] announced today the promotion of Traver Alexander [pictured] to Senior Public Policy and Regulatory Affairs Representative. He will continue to have responsibility for several areas of ABIR’s Bermuda public policy and research projects and outreach. “Traver has been a valued part of ABIR’s... Read more of this article
ABIR Elect Kevin O’Donnell & Brian Duperreault
In a special election to fill a vacancy, Kevin O’Donnell, President and CEO of RenaissanceRe Holdings Ltd., was elected First Deputy Chair and Brian Duperreault, Hamilton Insurance Group CEO, was elected Second Deputy Chair of the Association of Bermuda Insurers and Reinsurers [ABIR] for a one-year term beginning January 1, 2016. Stephen Catlin, XL... Read more of this article
ABIR Applauds Brazilian Government Initiative
In a speech delivered today [Oct 21] before the Brazilian Center for International Relations [CEBRI], Bradley Kading, president and executive director of the Association of Bermuda Insurers and Reinsurers [ABIR], the association representing the interests of 20 property and casualty commercial insurers and reinsurers with underwriting operations in... Read more of this article
