Hashtag: #ABIR
ABIR Presents At Bermuda Insurance Market
The benefits to the Bermuda international [re]insurance market of awaited equivalency with the European Union Solvency II Directive on insurance regulation, marked the opening comments on day two of the Bermuda Insurance Market Conference. Leila Madeiros, Senior Vice President, Deputy Director and Corporate Secretary for the Association of Bermuda Insurers... Read more of this article
Two BII Bursary Students Sponsored By ABIR
The Association of Bermuda Insurers and Reinsurers [ABIR] has sponsored bursary students Kishana Thomas Quallo and Edward Gouveia DeSousa to attend the Bermuda Insurance Market Conference, set to be held today [Oct 8] and tomorrow [Oct 9] at XL Catlin [O’Hara House]. Both of the Bermuda Insurance Institute [BII] students are “eagerly looking... Read more of this article
ABIR On Louisiana Insurance Commissioner
In commemoration of the 10-year anniversary of Hurricane Katrina, the Louisiana Department of Insurance and Insurance Commissioner James Donelon issued a report, “State of Insurance, 10 Years Post-Katrina,” showcasing improvements made to the Louisiana home insurance market over the last decade. The report highlights the creation of a statewide... Read more of this article
ABIR Shows $901.6M Contribution To Bermuda
The Association of Bermuda Insurers and Reinsurers today [Aug 6] released its 10th Annual Bermuda Economic Impact Survey results. “The data show that ABIR members’ directly contribute $901.6 million dollars to the Bermuda economy–an increase of $14.8 million over 2013. ABIR believes that the aggregate spinoff economic impact of our members... Read more of this article
Bermuda College Students Complete Internship
The Association of Bermuda Insurers and Reinsurers [ABIR] partnered with the Bermuda College to offer internships to two college students. The internship is part of ABIR’s community outreach initiative to demonstrate the benefits to Bermuda of international (re)insurance business and encourage the development of Bermudian talent for the Island’s... Read more of this article
ABIR Holds Insurance Seminar for BFIS Interns
The Association of Bermuda Insurers and Reinsurers’ [ABIR] Senior Vice President and Deputy Director Leila Madeiros held a 2-hour seminar on the history of [re]insurance in Bermuda and contemporary innovations in the marketplace for interns with the Bermuda Foundation for Insurance Studies [BFIS]. The seminar helps kick off the annual BFIS ‘Intro-to-Insurance’... Read more of this article
ABIR Members Write $74B In Premiums In 2014
The Association of Bermuda Insurers and Reinsurers [ABIR] released the 2014 global underwriting results for its member [re]insurers, with nineteen of 21 member [re]insurers participating in this 2014 report. The companies write insurance and reinsurance from underwriting centers in Bermuda, Europe, Asia, and North and South America. The 19 [re]insurers... Read more of this article
Stephen Catlin Elected New ABIR Chair
Stephen Catlin, Catlin Group Limited CEO, has been elected chair of the Association of Bermuda Insurers and Reinsurers [ABIR] for a two-year term beginning January 1, 2015. Mr. Catlin succeeds XL Group plc CEO Mike McGavick who completes his two-year term December 31, 2014. Elected as First Deputy Chair was Costas Miranthis, President and CEO of PartnerRe... Read more of this article
ABIR Members Report Results, Contracts
The 15 participating members of the Association of Bermuda Insurers and Reinsurers [ABIR] reported a record high contract certainty rate for insurance contracts at 99.0 percent. The year end 2013 results also showed a strong result for reinsurance contracts at 97.7 percent. A spokesperson said, “The monitoring of contract certainty results began... Read more of this article
ABIR: $886.8 Million Contribution To Bermuda
The Association of Bermuda Insurers and Reinsurers [ABIR] today released its Ninth Annual Bermuda Economic Impact Survey results. A statement from the Association said, “The data show that ABIR members’ directly contribute $886.8 million dollars to the Bermuda economy–an increase of nearly $70 million over 2012. “ABIR members employ... Read more of this article
“Ring Fencing” Threatens Emerging Markets
At the 50th Annual Meeting of the International Insurance Society in London, executives on the Global Reinsurance Leaders panel warned that emerging market nations and consumers generally will suffer if regulatory requirements lead to “ring fencing” of insurance capital locally and delinking of affiliate transactions. Members of the panel included:... Read more of this article
ABIR Hosts Workshop For BFIS Summer Interns
The Association of Bermuda Insurers and Reinsurers (ABIR) hosted six Bermuda Foundation for Insurance Studies (BFIS) summer interns for a 2-hour workshop on the overview and historical development of the (re)insurance industry in Bermuda and its major role in the global insurance and reinsurance industry today. BFIS offers ‘Intro-to-Insurance’ summer... Read more of this article
