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March 17: The Bermuda Reinsurance Club

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

World Insurance Forum to be Webcast Free Today

World Insurance Forum to be Webcast Free Today

The World Insurance Forum [WIF] will be webcast free online today and tomorrow. Held at the Tuckers Point Club, the seminar will discuss the critical issues with which the international [re]insurance industry is confronted. You may send in questions to info@worldinsuranceforum.com for the panelists to answer during the session. The Reinsurance Magazine... Read more of this article

Flagstone: $50 Million in Losses from Chile Quake

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

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