Hashtag: #BermudaInsurance
Chubb Announces Leadership Appointments
Chubb Limited announced the leadership team for its insurance operations in Bermuda, with the new leadership appointments taking effect immediately. A spokesperson said, “On 14 January 2016, ACE completed its acquisition of Chubb. ACE Bermuda is expected to become Chubb Bermuda in the second quarter of 2016. As previously announced, Joseph S.... Read more of this article
BMA Hosts International Insurance Meetings
For the first time since November 2014, the Bermuda Monetary Authority has hosted meetings of the International Association of Insurance Supervisors [IAIS] in Bermuda. The three IAIS groups which met at the Authority were: the Index-Based Insurance Drafting Group, cochaired by the IAIS and the World Bank, on 8th – 10th March; the Macroprudential... Read more of this article
Experts On Changes To UK Insurance Law
A leading UK attorney is to address a seminar in Bermuda on changes to the UK’s insurance laws – the first significant revisions in the UK for more than a century. The UK Insurance Act 2015 is due to come into force on August 12, 2016 and will apply to all contracts [and variations thereto] entered into after that date that are expressly or impliedly... Read more of this article
Traver Alexander Promoted To Public Policy Rep
The Association of Bermuda Insurers and Reinsurers’ [ABIR] announced today the promotion of Traver Alexander [pictured] to Senior Public Policy and Regulatory Affairs Representative. He will continue to have responsibility for several areas of ABIR’s Bermuda public policy and research projects and outreach. “Traver has been a valued part of ABIR’s... Read more of this article
Speed Networking For High School Students
This week BFIS is holding three Speed Networking Lunches specifically for high school seniors from each of Bermuda’s high schools. Monday, February 22 was aimed at students interested in Actuarial Science or Law and was held in the BFIS offices. Wednesday was for students who wanted to learn more about careers in accounting or finance and was held... Read more of this article
BII Highlights Career Pathways Program Students
As part of the first annual Insurance Careers Month, the Bermuda Insurance Institute [BII] is shining the spotlight on local students who are taking steps to get a head start in the industry. One of those students is Berkeley Institute pupil Imani Smith, who is just a few months away from completing an Associates in General Insurance [AINS] designation... Read more of this article
BFIS Alumni Committe Hosts Networking Events
The BFIS Alumni Committee in Bermuda recently hosted after‐work cocktails on January 28 in order to network and raise funds for the BFIS Alumni Scholarship, with an additional event set to be held on February 25. The upcoming event will be a scavenger hunt, held from 6.00pm to 8.00pm with teams of five competing and cocktails offered at the finish... Read more of this article
Videos: Hamilton Re Spotlights Employees
As Insurance Careers Month — a major multi-phased collaborative effort to help raise awareness of insurance as a career choice — gets underway, Hamilton Re has released videos spotlighting some of their employees. “Meet Hamilton Re’s Kelli Nusum, Assistant Vice President, Operations and Claims and an all round Bermuda athlete... Read more of this article
Videos: Insurance Careers Month Launches
Insurance Careers Month, an industry-wide collaborative initiative, officially launched today [Feb 1] in the US, Bermuda and the UK, with Bermuda-based companies joining hundreds of insurers, brokers, agents and industry associations in raising awareness of career opportunities. “Hamilton Insurance Group CEO Brian Duperreault leads other CEOs,... Read more of this article
Fitch Ratings: Consolidation Will Continue
Consolidation in the Bermuda insurance market will continue in 2016, albeit at a slightly slower pace than 2015, according to a new Fitch Ratings report titled ‘Bermuda 2016 Market Update’. “Fragile conditions in the global re/insurance market characterized by falling prices and weakening terms and conditions are pressuring earnings... Read more of this article
XL Catlin Applies For India Reinsurance License
XL Catlin has begun the licensing process to establish a reinsurance branch in India, saying “the decision to pursue market entry into India aligns with XL Catlin’s strategy of establishing a presence in emerging and developing markets where economic activity is increasing and the re/insurance market would benefit from its global expertise.” The... Read more of this article
Hamilton Insurance Group’s 2015 Charity Giving
Hamilton Insurance Group, a Bermuda-based holding company of property and casualty insurance and reinsurance operations, has announced the names of the Bermuda registered non-profit organizations that received funding from the company during 2015. During quarterly meetings, members of the company’s Community Giving Committee approved funding for The... Read more of this article
