Hashtag: #BermudaInsurance
350 People From 12 Nations Attend Convergence
On October 18 – 19, a record number of over 350 attendees from 12 different countries arrived at the Hamilton Princess for Bermuda Convergence 2017 – a networking event covering the alternative reinsurance, ILS and collateralised reinsurance landscape, now in its fifth year. The organisers said, “Initial feedback from delegates and sponsors... Read more of this article
Pina Albo Appointed CEO Of Hamilton Insurance
The Board of Directors of Hamilton Insurance Group, the Bermuda-based holding company for property and casualty insurance and reinsurance operations in the US, Bermuda and at Lloyd’s, today announced that, subject to approval by the Bermuda Department of Immigration, Pina Albo has been appointed to the position of Chief Executive Officer. Ms. Albo,... Read more of this article
Francis Promoted To President Of Horseshoe Re
Horseshoe Group CEO Andre Perez announced the promotion of Yulanda Francis to the position of President – Horseshoe Re. She will report directly to the CEO. In addition to retaining her current responsibilities for client servicing within the Group’s collateralized reinsurance platform, Horseshoe Re, the Treasury and Underwriting teams will report... Read more of this article
BILTIR To Present At SoA Annual Meeting
Bermuda International Long Term Insurers and Reinsurers [BILTIR] has announced that four of its member companies will give a presentation about the Bermuda life reinsurance industry at the prestigious Society of Actuaries [SoA] Annual Meeting in Boston, being held from October 15 to October 18. A spokesperson said, “BILTIR member companies and... Read more of this article
Video: Interview With Leila Madeiros From ABIR
Payments by Bermuda re/insurers following the recent hurricanes, mergers & acquisitions in the industry, and local taxes were some of the topics that Leila Madeiros from the Association of Bermuda Insurers and Reinsurers [ABIR] discussed as she sat down with Bernews this week for a live interview on our Facebook page. Speaking with guest interviewer... Read more of this article
RMS: US Insured Nate Losses Below $500M
Based on analysis from RMS, a leading risk management and analytics firm, U.S. insured losses associated with wind and coastal flooding from Hurricane Nate will not exceed USD $500 million. This season, insured losses from U.S. hurricanes are expected to total between USD $75 and $120 billion. The damage resulting from Nate is not expected to constitute... Read more of this article
ABIR: Bermuda’s Reinsurers May Pay Out $25B
Bermuda’s global insurers and reinsurers have already begun to pay claims on last month’s hurricanes Harvey, Irma and Maria, and ultimately Bermuda market companies may fund a quarter or more of approximately $100 billion in aggregate insured losses from the events, according to preliminary estimates from the Association of Bermuda Insurers &... Read more of this article
Lancashire Hurricane & Earthquake Estimate
Lancashire Holdings announced their estimated net ultimate losses from hurricanes Harvey, Irma and Maria and the earthquakes in Mexico, saying the aggregate estimated net ultimate losses is “expected to be in a range of $106 million to $212 million after anticipated recoveries from its outwards reinsurance programme and the impact of outwards... Read more of this article
Everest Obtains Regulatory Approval For Ireland
Bermuda-based Everest Re Group, Ltd. announced that its Dublin-based subsidiary has been granted authorization in principle by the Central Bank of Ireland to operate as an authorized non-life insurer in Ireland. This entity, to be named Everest Insurance Ireland, dac [EIID], continues the expansion of the Everest Insurance® franchise, and enables the... Read more of this article
RMS Estimates Insured Losses From Maria
RMS, a global risk modeling and analytics firm, has estimated that the insured loss from Hurricane Maria will be between USD $15 and $30 billion. This estimate represents the insured losses associated with wind, storm surge and inland flood damage across the Caribbean, with Puerto Rico and Dominica suffering the most widespread destruction. The estimate... Read more of this article
ABIR Contribute Nearly $900M To Economy
Members of the Association of Bermuda Insurers and Reinsurers [ABIR] made a direct economic contribution to Bermuda of nearly $900 million in 2016, according to the 12th annual member survey results published today by ABIR. Twenty-three ABIR members reported data for calendar year 2016. ABIR’s aggregate direct economic impact to the Bermuda economy... Read more of this article
“Insurance Of The Future” Conference
Local and international industry experts will be on hand to offer market insights and practical information at the upcoming Bermuda Insurance Market Conference, hosted by the Bermuda Insurance Institute [BII]. The 2017 Conference, entitled ‘Insurance of the Future’, will take place on Friday, October 13 at XL Catlin at O’Hara House, with speakers... Read more of this article
