Hashtag: #BermudaInsurance
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
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
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
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
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
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
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
Monument Re Complete Acquisition From Zurich
Monument Re announced today that its Isle of Man subsidiary Monument International Life Assurance Company Limited [MILAC] has completed the acquisition of the closed book portfolio of Zurich International Life Limited’s [ZILL] Singapore long term life insurance business. A spokesperson said, “The ZILL Singapore branch portfolio and employees... Read more of this article
Monument Re Acquires Portfolio From AXA
Monument Re’s Belgian subsidiary has completed the acquisition of a run-off life insurance portfolio. A spokesperson said, “Monument Re announced today that its Belgian subsidiary Monument Assurance Belgium [MAB] has completed the acquisition of a run-off life insurance portfolio with BEGAAP provisions of EUR2.6bn from AXA Belgium, following... Read more of this article
Phillips Featured In Reinsurance Publications
Lorene Phillips, CEO of Clarendon Wallace, has been featured in various prominent global reinsurance publications. A spokesperson said, “Fresh off of her successful participation at the Rendez-Vous de Septembre [RVS], one of the world’s largest reinsurance gatherings, Lorene Phillips, CEO of Clarendon Wallace, has been featured in various prominent... Read more of this article
AXA XL Insurance Promotes Michael McKinley
AXA XL Insurance has promoted Michael McKinley to lead Construction Primary Casualty Insurance business in North America. Gary Kaplan, President of AXA XL’s Construction insurance business, said, “Construction firms are as busy as ever and with all the projects expected to hit the pipeline in the next few years, they will likely get even busier.... Read more of this article
Fortitude Re To Build Japan Franchise
FGH Parent announced the signing of a flow reinsurance transaction with a leading Japanese life insurance company. A spokesperson said, “FGH Parent, L.P [Fortitude Re], parent company of Bermuda’s largest multi-line reinsurer, today announced the signing of a flow reinsurance transaction with a leading Japanese life insurance company. Fortitude... Read more of this article
