Hashtag: #BermudaInsurance
Nayms Announces Partnership With Coinbase
Nayms announced a partnership with Coinbase, which “aims to empower insurance companies, reinsurance funds, and capital providers by leveraging on-chain technology for seamless insurance transactions.” A spokesperson said, “Nayms, the cutting-edge digital insurance marketplace, is thrilled to announce a groundbreaking collaboration... Read more of this article
Agam Partners With 26North Reinsurance
Agam Capital collaborated with 26North Reinsurance Holdings to advise and launch AeCe ISA, Ltd., a Bermuda-based life and annuity reinsurer. A spokesperson said, “Agam Capital [Agam], an analytics driven platform strategically partnering with insurance companies to explore opportunities to enhance their financial flexibility, is advising and partnering... Read more of this article
ABIR Chair Pina Albo To Join NAIC Panel
Pina Albo, Chair of the Association of Bermuda Insurers and Reinsurers and CEO of Hamilton Insurance Group, Ltd. will be a CEO panelist at the National Association of Insurance Commissioners 2024 International Insurance Forum. A spokesperson said, “The event takes place on May 16-17, 2024 at the Hyatt Regency Washington in Washington, D.C. “The... Read more of this article
Insurer To Pay $350M For Baltimore Bridge
Insurer Chubb will be paying $350 million in relation to the Baltimore bridge collapse, according to a report in Reuters. The story said, “Chubb, opens new tab, which had insured Baltimore’s Francis Scott Key Bridge, is getting ready to pay $350 million to the state of Maryland, in what could be the first major payout tied to the collapsing... Read more of this article
AXA XL Appoints Matthew O’Malley In New Role
AXA XL has appointed Matthew V. O’Malley to the newly created role of Chief Client & Distribution Officer for the Americas, reporting to Lucy Pilko, the region’s Chief Executive Officer and Manuel Meier, AXA XL’s Chief Client Officer. Commenting on the appointment, Ms. Pilko said, “Our growth plans revolve around helping... Read more of this article
Mosaic Insurance Moves NYC Office In Manhattan
Mosaic Insurance moved its New York City office to One Grand Central Place in Manhattan. A spokesperson said, “Mosaic Insurance has moved its New York City office to an iconic address opposite Manhattan’s Grand Central Terminal to accommodate the company’s growing business and future ambitions in the US market. “The global specialty... Read more of this article
MS Reinsurance Earns Rating Upgrades
MS Reinsurance receives rating upgrades from AM Best and S&P Global Ratings, reflecting improved financial strength and operational performance. A spokesperson said, “MS Reinsurance, the global reinsurer, announced today that the company has received rating upgrades from AM Best and S&P Global Ratings. “On Friday, April 26, 2024,... Read more of this article
AM Best Upgrades Ratings Of MS Amlin AG
AM Best upgraded the Financial Strength Rating to A+ [Superior] and the Long-Term Issuer Credit Rating to “aa-” [Superior] of MS Amlin AG [MS Reinsurance] [Switzerland]. The ratings agency said, “The outlook of these Credit Ratings [ratings] is stable. “The ratings reflect MS Reinsurance’s balance sheet strength, which AM Best assesses... Read more of this article
AM Best Affirms Excellent Ratings For SiriusPoint
AM Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Ratings of “a-” [Excellent] for the rated operating subsidiaries of SiriusPoint Ltd. [SiriusPoint] [Bermuda]. The ratings agency said, “Additionally, AM Best has affirmed the Long-Term ICR of “bbb-” [Good] of SiriusPoint, which is a non-operating... Read more of this article
Wilton Re Donates $5,000 To Menuhin Foundation
Wilton Reinsurance Bermuda has donated $5,000 to the Menuhin Foundation. A spokesperson said, “The Menuhin Foundation has supported thousands of Bermuda’s school children since 1976 as part of their vision to ensure “that all children will have access to the unique, social, emotion and intellectual benefits of learning to play a stringed instrument... Read more of this article
Ariel Re & Hiscox Re & ILS Launch CyberShock
Ariel Re, a premier global reinsurance business with offices in Bermuda, London and Hong Kong and Hiscox Re & ILS, the reinsurance and insurance linked securities arm of specialist global insurer Hiscox, today announced the launch of CyberShock, an industry-first cyber catastrophe consortium. A spokesperson said, “The CyberShock consortium... Read more of this article
Arch Insurance Int’l Appoints Kirsten Valder
Arch Insurance International has appointed Kirsten Valder as its new Deputy CEO, responsible for overseeing global platform development under CEO Hugh Sturgess. A spokesperson said, “Arch Insurance International has today announced the appointment of Kirsten Valder as Deputy CEO of Arch Insurance International, effective immediately. “As... Read more of this article
IRLA Launches New Chapter In Bermuda
The Insurance and Reinsurance Legacy Association [IRLA] — a leading trade association for the legacy insurance and reinsurance sector — announced the launch of its new chapter in Bermuda. A spokesperson said, “The IRLA Bermuda chapter will provide a platform for members to network, share best practices and access professional development... Read more of this article
Opinion: Kim Swan On OBA, Health Costs & More
[Opinion column written by Kim Swan] The One Bermuda Alliance’s recent series of opinion columns said in several hundred words what they could have simply said in five. “Let’s do nothing for Bermudians.” The One Bermuda Alliance may be oblivious to the real financial struggles that Bermudians are facing but we within the Progressive... Read more of this article
Relm Insurance Launches Web3 Product Suite
Relm Insurance introduced a new product suite customized for clients in Web3 technologies. A spokesperson said, “Relm Insurance [Relm], a leading specialty insurance carrier supporting emerging and innovative industries, today announced the release of a novel product suite, providing tailored, end-to-end insurance coverage for clients immersed... Read more of this article
Fortitude Re Appoints Jamie Schmerer
FGH Parent, L.P. [Fortitude Re], today announced the appointment of Jamie Schmerer as SVP, Enterprise Risk. A spokesperson said, “Jamie’s responsibilities will include leading Fortitude Re’s regulatory relations efforts in Bermuda, as well as overseeing and enhancing the enterprise risk management framework of Fortitude Re including, risk... Read more of this article
