Hashtag: #BermudaInsurance

Bermuda CEOs To Be Featured At NAIC Forum

Bermuda CEOs To Be Featured At NAIC Forum

The U.S. National Association of Insurance Commissioners [NAIC] will hold its flagship international event, the NAIC International Insurance Forum, livestreamed on May 25-26, and Bermuda re/insurance leaders Marc Grandisson, Chief Executive Officer of Arch Capital Group Ltd. and Chair of ABIR along with Craig Swan, Deputy CEO of the Bermuda Monetary... Read more of this article

Monument Assurance To Acquire AMELL

Monument Assurance To Acquire AMELL

Monument Re announced today subject to necessary regulatory approval, Monument Assurance Luxembourg will acquire AME Life Luxembourg [AMELL] from French Mutual Insurance Group Covéa. A spokesperson said, “AMELL is a well-established Luxembourg-based life insurance company with market presence in Luxembourg, Belgium and Italy. Financial terms... Read more of this article

SiriusPoint Partner With Hestia Capital

SiriusPoint Partner With Hestia Capital

SiriusPoint Ltd announced a partnership with Hestia Capital, the first since SiriusPoint launched in February 2021 as a top 20 global [re]insurer with over $3 billion in capital. Hestia is a Texas-based advisory start-up established by industry executives Jean Francois Bahier and Peter Norris. The company will focus on sourcing and developing structured... Read more of this article

Column: Working Toward A Sustainable Future

Column: Working Toward A Sustainable Future

[Opinion column written by John Huff] As we celebrate Earth Day, it’s important to remember that every day is Earth Day in the re/insurance industry. Our industry plays a critical role in developing innovative adaptation solutions, in measuring and pricing climate risks to inform risk management, and in providing economic support to people and communities... Read more of this article

Helix To Offer Excess Casualty Insurance

Helix To Offer Excess Casualty Insurance

Helix Underwriting Partners Ltd. announced that it has “expanded its agency platform into the Excess Casualty Insurance segment in Bermuda.” A spokesperson said, “The move will see Tim Hadler join as Chief Underwriting Officer to lead the new program, which has received regulatory approval from the Bermuda Monetary Authority, with... Read more of this article

Ed Announces Ascot Joins TradEd Platform

Ed Announces Ascot Joins TradEd Platform

Ed, the global reinsurance, wholesale and specialty broker, announced that Ascot Bermuda has joined its etrading platform TradEd. A spokesperson said, “The portal, which was launched for carriers and clients in April 2020, enables carriers to view submissions and associated risk details, make queries, see material information updates in real time,... Read more of this article

Sun Life Financial Launches Future-B

Sun Life Financial Launches Future-B

Sun Life Financial International announced the launch of FUTURE-B, a Non-Participating Whole Life insurance product. A spokesperson said, “Sun Life has long established itself as a pioneer in ultra-high-net-worth and high-net-worth life insurance markets. As a market leader with 25 years of dedicated service to HNW clientele, Sun Life Financial International... Read more of this article

New ABIR Members: Conduit, Canopius, Mosaic

New ABIR Members: Conduit, Canopius, Mosaic

The Association of Bermuda Insurers and Reinsurers [ABIR] announced that Conduit Reinsurance, Canopius Reinsurance and Mosaic Insurance will be new members of ABIR, bringing their total membership to the largest in its 28-year history. A spokesperson said, “The Association of Bermuda Insurers and Reinsurers [ABIR] announced new global market entrants... Read more of this article

Future Leaders Partner With HSCM Bermuda

Future Leaders Partner With HSCM Bermuda

HSCM Bermuda will provide $20,000 in sponsorship for Future Leaders Bermuda in addition to the “launch of a mentorship and work shadowing scheme, a community service day, and guaranteed internships with placement for Future Leaders in HSCM Bermuda’s office.” A spokesperson said, “Future Leaders Bermuda today announced its first ever... Read more of this article

BILTIR Appoints Weldon As Executive Director

BILTIR Appoints Weldon As Executive Director

The Bermuda International Long Term Insurers and Reinsurers [BILTIR] organisation has appointed veteran financial services professional Shelby Weldon as Executive Director. A spokesperson said, “Mr. Weldon will lead BILTIR in its mission to advocate for Bermuda’s life and annuity industry. BILTIR represents 61 long-term insurance, reinsurance... Read more of this article

HID: No In Person Customers Next Week

HID: No In Person Customers Next Week

“The Health Insurance Department [HID] office, located at 48 Church Street Sophia House 2nd Floor, “will not serve customers in person during the week of March 22nd,” the Government has advised. A Government spokesperson said, “HID will provide support for Policyholder and Provider claims submission and client services via the... Read more of this article

InsurTech NY Announces Early-Stage Winners

InsurTech NY Announces Early-Stage Winners

InsurTech NY announced the winners of its 2021 Early-Stage InsurTech Competition at the InsurTech Spring Conference. A spokesperson said, “Winners were selected by judging panels grouped by their background – angel investors, venture capitalists, carrier and brokers, and the Bermuda BDA. The winners received prizes worth $200K in total.Carrier/Broker... Read more of this article

Aspen Declares Dividends On Preference Shares

Aspen Declares Dividends On Preference Shares

Aspen Insurance Holdings Limited announced that the Board of Directors has declared the following dividends on its Preference Shares:Quarterly dividend of $0.3719 per share on its 5.95% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares with a $25 liquidation preference per share;Quarterly dividend of $0.3516 per share on its 5.625%... Read more of this article