Hashtag: #BermudaInsurance
“Relm Is Committed To The Digital Asset Space”
Following a detailed review of Relm’s entire portfolio, Relm CEO Joseph Ziolkowski said it remains “confident that we will continue to be well-capitalized to serve the needs of the industry as the fallout from this event evolves.” Mr. Ziolkowski said, “Relm is a global leader in providing insurance to companies operating in new... Read more of this article
College Foundation Celebrates Evolution Of BII
The Bermuda College Foundation and Bermuda College officials joined members and friends of the Bermuda Insurance Institute [BII] recently to “celebrate the passing of the mantle of re/insurance education and talent development from the BII to the College.” A spokesperson said, “Last year when BII executives began to strategise about... Read more of this article
AXIS Capital Launch New Environmental Offering
AXIS Capital Holdings Limited announced its Environmental business unit has launched a Specialty Package Policy for manufacturers [SPPm]. A spokesperson said, “The SPPm policy covers a range of general and environmental liability exposures facing manufacturers, all in one integrated insurance package. “Exposures covered by SPPm include those... Read more of this article
AM Best Affirms Credit Ratings Of Chubb Limited
AM Best has affirmed the Financial Strength Rating of A++ [Superior] and the Long-Term Issuer Credit Ratings of “aa+” [Superior] of the subsidiaries of Chubb Limited, which includes the members of the Chubb US Group of Insurance Companies, as well as Chubb Bermuda Insurance Ltd. and Chubb Tempest Reinsurance Ltd. and their members. A spokesperson... Read more of this article
Study: Higher EGS Leads To Better Performance
Higher ESG ratings lead to better underwriting performance, according to a new joint study today by international insurance broker, Howden, and leading specialty insurance and [re]insurance business Fidelis. A spokesperson said, “The study of loss ratios across 30,000 policies from Howden and Fidelis’ datasets comprising a premium value of around... Read more of this article
Mosaic Launches European Office In Frankfurt
Mosaic Insurance is ramping up its global growth plan with the opening of an office in Frankfurt, Germany to meet high demand for cyber and transactional liability coverage through Continental Europe. A spokesperson said, “The office marks the sixth for Mosaic since its launch last year, following those in Bermuda, London, New York, Chicago, and Toronto. Mosaic... Read more of this article
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’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
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 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 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 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
