Hashtag: #BermudaInsurance
S&P Assigns IGI UK ‘A-‘ Financial Strength Rating
Standard & Poor’s has assigned International General Insurance Co. [UK] Ltd an ‘A-‘ financial strength rating and has affirmed its ‘A-‘ long-term counter-party credit and insurer strength rating of its Bermuda-based parent, International General Insurance Co. Ltd. It also assigned a stable outlook on both companies. S&P, which released... Read more of this article
Webber: Maintaining Bermuda’s Competitiveness
Bermuda Business Development Agency CEO Ross Webber delivered a speech at this morning’s [June 9] Insurance Day Summit at the Hamilton Princess, telling attendees “we are the single most important property and catastrophe market, and the largest supplier of cat reinsurance to US insurers.” Beginning his speech, Mr Webber said, “Before... Read more of this article
MoonGate Enhances HealthGap with WellCard
MoonGate Insurance Ltd has established an affiliate company in the United States, enabling them to offer Bermuda residents, when traveling abroad to the U.S., expanded benefits and savings for their healthcare products and services via a WellCardHealth Program. A spokesperson said, “The company is excited to be partnering with WellDyne Inc, which... Read more of this article
White Mountains Elect Gary Tolman As Director
The Board of Directors of White Mountains Insurance Group, Ltd. elected Gary Tolman as a Director of the Company. Mr. Tolman has 40 years of experience in the insurance/reinsurance industry. He most recently served as President and CEO of Esurance, a direct to consumer insurance company, from 2000 to 2015. Over his career, Mr. Tolman held several senior... Read more of this article
Valor Appoints Bermuda Management Team
Valor Group Ltd. [which recently acquired Bermuda International Insurance Services Limited and merged it with VL Assurance [Bermuda] Ltd.] announced the appointment of its Bermuda management team. The Bermuda management team, through Valor Management Ltd. will be responsible for the distribution, underwriting and administrative operations for VL Assurance... Read more of this article
Videos: Captive Review Highlights Bermuda
Insurance publication Captive Review has featured Bermuda is a recent series of videos aimed at exploring “the most popular captive domicile,” interviewing executives from several island-based firms in highlighting industry trends. The videos in the series, available on Captive Review’s YouTube channel, include interviews with Ernest... Read more of this article
Overseas Treatment: Argus Lift Max. Restrictions
The Argus Group today [June 2] announces that, effective June 1, it will remove annual and lifetime maximum restrictions on its coverage of overseas major medical treatments and also eliminate exemptions regarding pre-existing conditions from overseas medical care. “Argus is the first insurance company in Bermuda to offer these benefits and at... Read more of this article
MPs Pass Bill To Name Delinquent Employers
The Health Insurance Amendment Act 2015 — which allows for the publication of names of employers who fail to provide health insurance coverage for their employees — passed in the House of Assembly, with MPs from both sides of the aisle supporting the measure. Speaking in the House, Minister of Health, Seniors and Environment Jeanne Atherden... Read more of this article
Ace Select Internship Enters Its Third Year
ACE Group today [June 1] launches the third annual ACE Select insurance focused internship. The 12-week internship provides the students with real world experience and exposure to various insurance business areas. ACE Select interns are given the opportunity to participate in several development workshops to enhance their business and leadership skills.... Read more of this article
ABIR Holds Insurance Seminar for BFIS Interns
The Association of Bermuda Insurers and Reinsurers’ [ABIR] Senior Vice President and Deputy Director Leila Madeiros held a 2-hour seminar on the history of [re]insurance in Bermuda and contemporary innovations in the marketplace for interns with the Bermuda Foundation for Insurance Studies [BFIS]. The seminar helps kick off the annual BFIS ‘Intro-to-Insurance’... Read more of this article
BFIS ‘Intro-To-Insurance’ Programme Begins
The annual BFIS Bermuda Summer Intern programme started this week for six undergraduate students who will spend the next three weeks learning all about insurance and the Bermuda insurance sector – from how to form an insurance company to work-shadowing underwriters. Four Bermudians and two American students from the Katie School of Insurance &... Read more of this article
Appleby: Bermuda Leader In Q1 M&A Deals
Bermuda recorded the highest cumulative value of M&A deals and IPOs in the first quarter of 2015 among offshore jurisdictions, according to a report released today [May 19] by Appleby. The latest edition of Offshore-i, an Appleby report that provides data and insight on corporate transaction activity in the major offshore financial centres, focuses... Read more of this article
