Hashtag: #BermudaInsurance

AM Best Affirms Credit Ratings Of Transmonde

AM Best Affirms Credit Ratings Of Transmonde

AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Rating of “a” [Excellent] of Transmonde Services Insurance Company Limited [Transmonde] [Hamilton, Bermuda]. The outlook of these Credit Ratings [ratings] is stable. A statement from the ratings agency said, “The ratings reflect Transmonde’s... Read more of this article

CoinDesk Money Reimagined Features Bermuda

CoinDesk Money Reimagined Features Bermuda

CoinDesk’s Money Reimagined has featured Bermuda in their recent podcast episode titled “A Growing Digital Assets-Based Finance Community: Bermuda Part 2.” “On this episode of ‘Money Reimagined,’ hosts Michael Casey and Sheila Warren speak with Denis Pitcher, chief fintech adviser to the Office of the Premier in the territory, and Chancellor... Read more of this article

AM Best: Rated BCIB Captives Outperforming

AM Best: Rated BCIB Captives Outperforming

Rated Bermuda, Cayman Islands and Barbados [BCIB] captive insurance companies have continued to outperform their U.S. commercial casualty peers, as evidenced by a combined ratio approximately 13 percentage points better over the most recent five-year period, according to an AM Best report. The company said, “The new Best’s Special Report, titled,... Read more of this article

Relm Announces Partnership With CyberCube

Relm Announces Partnership With CyberCube

Relm Insurance Ltd. has inked a strategic partnership with cyber risk analytics firm CyberCube to “bolster its cyber underwriting business with advanced analytics, artificial intelligence and advanced risk modeling and assessment capabilities.” A spokesperson said, “Launched in 2019 as the first commercial insurer licensed under the... Read more of this article

AM Best Affirms Credit Ratings Of Orion Re

AM Best Affirms Credit Ratings Of Orion Re

AM Best has affirmed the Financial Strength Rating of B+ [Good] and the Long-Term Issuer Credit Rating of “bbb-” [Good] of Orion Reinsurance [Bermuda] Ltd. [Orion Re] [Hamilton, Bermuda]. The outlook of these Credit Ratings [ratings] is stable. The ratings agency said, “The ratings reflect Orion Re’s balance sheet strength, which AM Best... Read more of this article

Fleming Re Closes LPT Reinsurance With Conifer

Fleming Re Closes LPT Reinsurance With Conifer

Fleming Insurance Holdings signed a reinsurance agreement to transfer certain casualty risks of Conifer Holdings and its affiliated companies, stating that the “transaction provides significant downside protection with the objective of strengthening Conifer’s financial position.” Fleming Re co-founder & CEO, Eric Haller, stated, “We... Read more of this article

ABIR CEO To Chair AML/CTF Working Group

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

Courcy & Dickinson Attend Conference In Chile

Courcy & Dickinson Attend Conference In Chile

Bermuda International Long Term Insurers and Reinsurers [BILTIR] Chair Natasha Scotland Courcy and newly-elected Executive Advisor Curtis Dickinson recently represented the island’s life insurance and reinsurance industry at an international insurance conference in Santiago, Chile. A spokesperson said, “The International Association of Insurance... Read more of this article

Harrington & Castle Harbour Ratings Affirmed

Harrington & Castle Harbour Ratings Affirmed

AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Ratings of “a+” of Castle Harbour Insurance Limited and Harrington Sound Insurance Limited. A statement from the ratings agency said, “AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Ratings of... Read more of this article

MWI Thanks Markel Bermuda For Donation

MWI Thanks Markel Bermuda For Donation

The Mid-Atlantic Wellness Institute is thanking Markel Bermuda Limited for its donation to their services. A spokesperson said, “Bermuda-based Markel Bermuda Limited has long held that good mental health is vitally important. In fact, a gift from the insurance giant to Bermuda Hospitals Board’s [BHB] Mid-Atlantic Wellness Institute [MWI] during... Read more of this article

Baker Apppointed As Hamilton Chief Risk Officer

Baker Apppointed As Hamilton Chief Risk Officer

Hamilton Insurance Group, Ltd announced the appointment of Alex Baker as Group Chief Risk Officer effective January 1, 2023*. Baker will report to Group CEO Pina Albo and replaces Pete Skerlj who will be leaving the organization. “I am delighted to welcome Alex to the Group Executive Team,” said Albo. “Since joining Hamilton in 2016, Alex has... Read more of this article

BILTIR Appoint Christine Patton, Curtis Dickinson

BILTIR Appoint Christine Patton, Curtis Dickinson

The Bermuda International Long Term Insurers and Reinsurers [BILTIR] has appointed Christine Patton as Executive Director and Curtis Dickinson as Executive Advisor. A spokesperson said, “Ms. Patton will join BILTIR on November 21st, 2022. Her executive and non-executive career in the international business sectors of Bermuda and Australia has... Read more of this article

ABIR Heads To Chile For Insurance Meetings

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