Hashtag: #ABIR
ABIR To Pay Billions For Hurricane Recovery
Member companies of the Association of Bermuda Insurers and Reinsurers [ABIR] “will shoulder a significant portion of the billions of dollars in insurance claims arising from Hurricane Ian, extending a long track record of support for Americans in times of crisis.” A spokesperson said, “Projections by catastrophe modelers and analysts... Read more of this article
ABIR CEO To Chair AML/CTF Working Group
The Association of Bermuda Insurers and Reinsurers’ [ABIR] CEO, John M. Huff, has been elected to chair the Global Federation of Insurance Associations [GFIA] Anti-Money Laundering and Counter Terrorism Financing Working Group. A spokesperson said, “The GFIA’s 40 member associations represent insurers that account for nearly 90% of global insurance... Read more of this article
ABIR Heads To Chile For Insurance Meetings
The Association of Bermuda Insurers and Reinsurers [ABIR] will represent the Bermuda market at upcoming global re/insurance meetings in Chile. John M. Huff, ABIR’s Chief Executive Officer, and Suzanne Williams-Charles, Director of Policy and Regulation, will participate in two events in Santiago: the Global Federation of Insurance Associations [GFIA]... Read more of this article
ABIR 2021 Global Underwriting Results Released
The Association of Bermuda Insurers and Reinsurers [ABIR] released the 2021 global underwriting results today. A spokesperson said, “Member companies of the Association of Bermuda Insurers and Reinsurers [ABIR] recorded a robust 21% year-over-year increase in net premium written in 2021. ABIR’s global underwriting report, released today, comprises... Read more of this article
ABIR Companies Welcome 91 Summer Interns
The Association of Bermuda Insurers and Reinsurers [ABIR] member companies announced that its member companies are “hosting a record number of 91 paid interns in their Bermuda offices this year.” A spokesperson said, “To add value to the work experience gained with the island’s leading international re/insurance companies, ABIR... Read more of this article
Photos: Premier Burt Meets With ABIR Interns
Premier David Burt met with the Association of Bermuda Insurers & Reinsurers summer interns, noting that they increased the number of interns from 23 last year to 58 students this year. Premier Burt posted the photos below on Instagram and said, “Met with the Association of Bermuda Insurers & Reinsurers’ newest summer interns. ABIR... Read more of this article
Richardson & Simas Earn ABIR Scholarships
The Association of Bermuda Insurers and Reinsurers [ABIR] announced two new scholarships, with 16-year-old Bermuda College and Berkeley graduate Kallan Richardson named the ABIR/Arch Scholar, while CedarBridge and Bermuda College graduate Miguel Simas earned the ABIR/RenaissanceRe Scholarship. A spokesperson said, “The Association of Bermuda Insurers... Read more of this article
ABIR Welcomes Eva Frazzoni As Summer Intern
Eva Frazzoni has joined the Association of Bermuda Insurers and Reinsurers [ABIR] as a summer intern. A spokesperson said, “She is one of 57 paid interns at Bermuda’s leading insurers & reinsurers. The Master’s degree student and Bermuda women’s national team footballer will work with ABIR’s Policy and Regulatory Affairs team. “Frazzoni,... Read more of this article
Premier Joins ABIR & Lloyd’s Leaders In London
Leaders from the Bermuda and Lloyd’s re/insurance markets joined Premier and Minister of Finance David Burt in a roundtable discussion in London. “The Association of Bermuda Insurers and Insurers [ABIR] organized the event, which is on the schedule for a Bermuda Business Development Agency delegation, led by Premier Burt, visiting the United... Read more of this article
ABIR Announces New Leadership Appointments
The Association of Bermuda Insurers and Reinsurers [ABIR] has appointed new leadership for two of its committees, drawing from the senior executive talent of member companies. A spokesperson said, “Jevon Williams, of Chubb Bermuda, has been appointed Co-Chair of the ABIR Policy Committee, alongside continuing Co-Chair Gemma Carreiro, General Counsel... Read more of this article
ABIR To Participate In IFTRIP Annual Conference
The Association of Bermuda Insurers and Reinsurers [ABIR] will participate in the International Forum of Terrorism Risk Pools [IFTRIP] Annual Conference next month. A spokesperson said, “Themed ‘ReCODE’, the event will stream virtually on May 10, and will bring together thought leaders from international terrorism reinsurance pools, re/insurers,... Read more of this article
ABIR ‘Strongly Oppose’ S&P Proposal
The Association of Bermuda Insurers and Reinsurers [ABIR] said they are “strongly opposing a proposal by Standard & Poor’s Global Ratings to disallow senior debt as a form of available capital,” calling the draft plan “disruptive” and an “overuse of market power.” ABIR’s technical response on numerous fronts is detailed... Read more of this article
ABIR Sponsors Students To Attend Risk Summit
The Association of Bermuda Insurers and Reinsurers [ABIR] has sponsored three Bermuda College students to attend the Bermuda Risk Summit. A spokesperson said, “Isaiah Cabral, Michae Skinner and Rickai Burrows are all enrolled in ‘Special Topics in Insurance: Foundations of Bermuda’s International Re/Insurance Sector’, a course being offered... Read more of this article
ABIR Welcomes Aon As New Member
The Association of Bermuda Insurers and Reinsurers [ABIR] has welcomed Aon — one of the world’s largest insurance and reinsurance brokers — as a new member. A spokesperson said, “Aon has had a significant presence in the Bermuda market for more than 50 years, having launched captive and insurance management operations on the island... Read more of this article
ABIR Contribute $8.5B To Economy Over Decade
Members of the Association of Bermuda Insurers and Reinsurers [ABIR] ”contributed $8.5 billion to the Bermudian economy over the decade ended 2020, according to a tally of annual member survey results,” the organisation said. A spokesperson said, “Data reported over the period from 2011 to 2020 show that the group’s aggregate economic... Read more of this article
Over 160 People Register For Insurance Course
The Association of Bermuda Insurers and Reinsurers [ABIR] announced today that more than 160 people have registered so far for the foundational insurance course offered by the partnership with Bermuda College and New York’s St. John’s University. A spokesperson said, “The second year of the online course launches Monday evening, January 17,... Read more of this article
