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March 17: The Bermuda Reinsurance Club
On Wednesday March 17, the inaugural Bermuda Reinsurance Club meeting will be held at the Fairmont Hamilton Princess from 9am -1pm. The event, which is hosted by Reinsurance Magazine and sponsored by Flagstone Holdings, will be opened by Bermuda’s Deputy Premier and Minister of Finance Paula Cox. Minister Cox intends to speak on on the state... Read more of this article
Flagstone: $50 Million in Losses from Chile Quake
Bermuda-based insurer and reinsurer Flagstone Reinsurance Holdings Ltd. said on Friday March 12 its estimated losses from claims related to the recent earthquake in Chile will be $50 million. In addition, the claims from Windstorm Xynthia, which hit Western Europe on Feb. 27, are estimated at $3 million to $6 million. The estimates are preliminary,... Read more of this article
Bermuda Insurers File Opposition to American Bill
The Association of Bermuda Insurers and Reinsurers [ABIR] has filed an opposition to a proposed new American regulation now in Congress. The Bill HR 2555: Homeowners’ Defense Act of 2009 is described as “To ensure the availability and affordability of homeowners’ insurance coverage for catastrophic events”. The ABIR President... Read more of this article