Hashtag: #BermudaInsurance

Hiscox & Thimble’s Short-Term Liability Insurance

Hiscox & Thimble’s Short-Term Liability Insurance

Hiscox has partnered with Thimble to offer short-term liability insurance, available by the hour, day, or month. A spokesperson said, “Hiscox, a leading small business insurer, has partnered with Thimble, the insurance partner that makes insurance simple to help small businesses succeed on their own terms by offering short-term liability insurance,... Read more of this article

BILTIR Accepted As Member Of GFIA

BILTIR Accepted As Member Of GFIA

Bermuda International Long Term Insurers and Reinsurers [BILTIR] has been accepted as a member of the Global Federation of Insurance Associations [GFIA]. GFIA, whose 41 member associations represent 89% of global insurance premiums worldwide, unanimously accepted BILTIR as a member at its virtual General Assembly on June 3. GFIA is a non-profit association... Read more of this article

AM Best Places StarStone Ratings Under Review

AM Best Places StarStone Ratings Under Review

AM Best has placed under review with negative implications the Financial Strength Ratings of A- [Excellent] and the Long-Term Issuer Credit Ratings of “a-” of StarStone Insurance Bermuda Limited and its rated subsidiaries: StarStone Insurance SE [SISE] [Liechtenstein], StarStone Specialty Insurance Company [SSIC] [Wilmington, DE] and StarStone National... Read more of this article

MS Amlin To Work With FCA On BI Claims

MS Amlin To Work With FCA On BI Claims

MS Amlin Underwriting Limited has agreed to be one of the eight participating insurers in the Financial Conduct Authority test case court action, aimed at seeking legal clarity on business interruption insurance. The company said, “We can confirm that MS Amlin Underwriting Limited [MS AUL], the Lloyd’s [re]insurer, has agreed to be one of the... Read more of this article

Fidelis Insurance Bermuda Donates $350,000

Fidelis Insurance Bermuda Donates $350,000

Fidelis Insurance Bermuda Limited [FIBL] has donated US$350,000 to various charities and organisations supporting community needs during the Covid-19 pandemic. A spokesperson said, “In response to the Covid-19 crisis, Fidelis Insurance Bermuda Limited [FIBL] has donated US$350,000 to various charities and organisations supporting community needs. “This... Read more of this article

AM Best Affirms Credit Ratings Of Nissan Global

AM Best Affirms Credit Ratings Of Nissan Global

AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Rating of “a” of Nissan Global Reinsurance, Ltd. [NGRe] [Hamilton, Bermuda]. The outlook of these Credit Ratings [ratings] remains stable. A statement from the ratings agency said, “The ratings reflect NGRe’s balance sheet strength, which AM Best... Read more of this article

Exor To Retain Ownership Of PartnerRe

Exor To Retain Ownership Of PartnerRe

Exor will retain ownership of PartnerRe following Covéa failing to “honour its commitment” to finalise the acquisition agreement. The company said, “Exor communicates that its Board of Directors, meeting under the Chairmanship of John Elkann, has acknowledged Covéa’s notice that Covéa will not honour its commitment to acquire... Read more of this article

BILTIR Board Cancels 2020 Conference

BILTIR Board Cancels 2020 Conference

The Board of the Bermuda International Long Term Insurers & Reinsurers [BILTIR] has canceled the 2020 Bermuda International Life & Annity Conference due to the ongoing Covid-19 pandemic. A spokesperson said, “The Board of the Bermuda International Long Term Insurers and Reinsurers has made the very difficult decision to cancel its 2020... Read more of this article

Women In Reinsurance To Host Panel Discussion

Women In Reinsurance To Host Panel Discussion

Women in Reinsurance [WiRe] will be hosting a panel discussion webinar on Wednesday [April 29] at 4.00pm, exploring how the island’s re/insurance sector is faring during the Covid-19 pandemic. A spokesperson said, “The Bermuda’s Women in Reinsurance group is hosting a panel discussion via webinar on how the island’s re/insurance sector is doing... Read more of this article

AXA XL Promotes Carla Whitehurst

AXA XL Promotes Carla Whitehurst

AXA XL today announced that Carla Whitehurst has been promoted to the new role of Head of Legal Bermuda. Ms. Whitehurst, formerly Senior Vice President, Associate General Counsel, is an attorney licensed to practice law in Bermuda, Maryland, and Jamaica. In her new role, Ms. Whitehurst is responsible for leading the coordination of all legal work across... Read more of this article

AXA XL Announces New Leadership Team

AXA XL Announces New Leadership Team

AXA XL has announced a new leadership team and proposed changes to the operating model of its insurance business following a strategic review. A spokesperson said, “Key proposed changes to the operating model include the creation of a single global insurance Underwriting Function and the establishment of three geographical Business Units across... Read more of this article

Free Healthcare Insurance Webinar On April 15

Free Healthcare Insurance Webinar On April 15

A free webinar will be held on Wednesday [April 15] at 12.00pm to discuss “reinsurance, claim trends and the underwriting cycle in the Medical Professional Liability [MPL] market.” A spokesperson said, “Bermuda’s healthcare insurance market will hold a free-to-join industry webinar on April 15 at 12.00pm AST to discuss reinsurance,... Read more of this article

50 People Attend ABIR’s Virtual Board Meeting

50 People Attend ABIR’s Virtual Board Meeting

The Association of Bermuda Insurers & Reinsurers [ABIR] held its first virtual board meeting recently with more than 50 executives from member companies participating in the web-enabled meeting. A spokesperson said, “Bermuda’s leading insurers and reinsurers are meeting clients’ needs globally and demonstrating robust “operational... Read more of this article