Hashtag: #BermudaInsurance

BMA: $2.7B Shows Key Role Bermuda Plays

BMA: $2.7B Shows Key Role Bermuda Plays

Bermuda [re]insurers have estimated that they will incur gross claim losses of US$2.7 billion as payments to United States policyholders/cedants to cover the damaging effects of Winter Storm Uri, which wreaked havoc in the southern region of the US, particularly Texas. This is according to commercial market claims data collected by the Bermuda Monetary... Read more of this article

ABIR Welcomes Kace Wales As Intern

ABIR Welcomes Kace Wales As Intern

Bermuda College student Kace Wales has joined the Association of Bermuda Insurers and Reinsurers [ABIR] as an intern. A spokesperson said, “The 17-year-old from Sandys is studying on the Associate of Arts [Business Administration] programme at Bermuda College and aspires to a career in the insurance industry. He studied for his International Baccalaureate... Read more of this article

Mosaic Launches M&A Risk Coverage In The US

Mosaic Launches M&A Risk Coverage In The US

Mosaic Insurance announced that it has begun underwriting transactional liability coverage in the United States. A spokesperson said, “Mosaic Insurance has begun underwriting transactional liability coverage in the United States amid a current upsurge in mergers-and-acquisitions [M&A] activity. Mosaic’s leading transactional liability executives:... Read more of this article

Legal & General Re Appoints Amy Ellison As CEO

Legal & General Re Appoints Amy Ellison As CEO

Legal & General Reinsurance [L&G Re], the international reinsurance business of the Legal & General Group [L&G], announced the appointment of Amy Ellison as Chief Executive Officer. A spokesperson said, “Amy, a chartered accountant who has more than 20 years of financial-services industry experience, moves from within the L&G... Read more of this article

Mosaic Starts Underwriting Financial Institutions

Mosaic Starts Underwriting Financial Institutions

Mosaic has launched its financial institutions division, underwriting risks globally through its London office. A spokesperson said, “The new specialty insurer is offering tailored coverage to help protect a broad range of financial institutions from exposures caused by crime, damages payable to third parties and legal defense costs. Its D&O coverage... Read more of this article

Cyana Burgess Earns $30K BILTIR Scholarship

Cyana Burgess Earns $30K BILTIR Scholarship

BILTIR awarded a $30,000 scholarship to Cyana Burgess, with Ms Burgess set to continue studying Actuarial Science and Data Analytics at the University of Leicester in the UK. A spokesperson said, “Bermuda International Long Term Insurers and Reinsurers [BILTIR] has announced a $30,000 education award to Cyana Burgess. “Ms. Burgess, who is... Read more of this article

Mosaic’s Professional Liability Underwriting

Mosaic’s Professional Liability Underwriting

Mosaic Insurance announced that it has begun underwriting professional liability coverage through its London office. A spokesperson said, “The specialty insurer, established in February, offers a tailored portfolio of professional indemnity and D&O coverage for a wide range of service providers, including lawyers, specialist engineers in target... Read more of this article

BILTIR Celebrates 10 Year Anniversary

BILTIR Celebrates 10 Year Anniversary

Bermuda International Long Term Insurers and Reinsurers [BILTIR] is celebrating 10 years of successfully supporting the island’s long-term insurance and reinsurance sectors, which provide life and annuity products. A spokesperson said, “BILTIR was set up in June 2011 to act as an advocate for Bermuda’s long-term sector industry. It’s first initiative... Read more of this article

Lockton Re Launches Bermuda Office

Lockton Re Launches Bermuda Office

Lockton Re, the “global reinsurance business of the world’s largest privately held independent insurance broker,” announced the launch of its Bermuda office Lockton Re [Bermuda] Limited which will be led by Jonathan “Jonty” Davies as CEO and be part of Lockton Re’s growing global platform. Tim Gardner, Global CEO, Lockton... Read more of this article

Eighteen Interns Take Part In BILTIR Programme

Eighteen Interns Take Part In BILTIR Programme

Eighteen young Bermudians have this week started learning about the long-term life and insurance sector in a two month internship programme organised by Bermuda International Long Term Insurers and Reinsurers [BILTIR]. As part of the paid internship programme, Scott Selkirk, chair of BILTIR’s Strategy Committee, presented an introductory session on... Read more of this article

Catherine R. Duffy Receives Fred Reiss Award

Catherine R. Duffy Receives Fred Reiss Award

Catherine R. Duffy has been awarded the prestigious Fred Reiss Lifetime Achievement Award at the 2021 Bermuda Captive Conference. A spokesperson said, “Catherine R. Duffy has been awarded the Fred Reiss Lifetime Achievement Award for her outstanding commitment and contribution to Bermuda’s captive industry. “A sought-after speaker, writer... Read more of this article

Covid, Cannabis Industry, Tax System & More

Covid, Cannabis Industry, Tax System & More

KPMG in Bermuda’s captive team is getting set to take part in the Bermuda Captive Conference next week. A spokesperson said, “KPMG in Bermuda’s Captive team will be weighing in on some of the big issues facing the insurance industry at the Bermuda Captive Conference next week, from the impact of Covid-19, to insurance solutions for the cannabis... Read more of this article

Miller Appoints Erik Manning As Head Of ILS

Miller Appoints Erik Manning As Head Of ILS

Miller has announced the appointment of Erik Manning as Head of ILS. A spokesperson said, “Miller, a leading independent specialist [re]insurance broker, today announces the appointment of Erik Manning as Head of ILS. Manning is due to commence his role in Q3 2021, subject to approval by the Bermuda Department of Immigration, and will report into... Read more of this article