There has been plenty of talk about a new normal emerging out of the current crisis, but this underplays the scale of the digital transformation that is currently under way, say Jonathan Prinn at BGC Partners and Chris Bonard at Ed Bermuda.
The unprecedented nature of the COVID-19 pandemic and its economic impact make it very difficult for re/insurers to measure the risk in their mortgage portfolios, say AM Best’s Emmanuel Modu and Michelle Li.
Konrad Rentrup founded Hannover Re Bermuda and carefully steered the operation for just short of 20 years. Following his retirement in July, he reflects on his proudest achievements during almost two decades at the helm—and the greatest challenges he faced. Bermuda:Re+ILS reports.
AkinovA hosted its first ‘Ask The Experts’ private event and Q&A evening in May, bringing together some of the insurance, forensics, capital markets, modelling and legal industries’ leading experts on cybersecurity. Bermuda:Re+ILS summarises some of the points made at the event.
Since leaving politics Bob Richards, Bermuda’s former Deputy Premier and Finance Minister, has discovered a new calling as an author. He found time to talk to Bermuda:Re+ILS about his book, race relations and the re/insurance industry.
Many cannabis companies initially viewed insurance as an expensive necessity they required to satisfy investors and fulfil regulatory compliance, but there is a growing understanding of its importance as a risk management tool, says Skyfront Bermuda’s Neil Hitchcock.
Bermuda:Re+ILS brings you the third instalment of its Bermuda’s Risk Transfer Hall of Fame—in every issue we profile five individuals who have contributed significantly to Bermuda’s journey as a global risk transfer hub.
In March IGI finalised its business combination agreement with Tiberius Acquisition Corp in a deal that saw IGI become a publicly traded company, listed on Nasdaq, with Bermuda its new domicile. Waleed Jabsheh, IGI’s president, explains its rationale to Bermuda:Re+ILS.
China’s Belt and Road Initiative, the economic project which aims to recreate the ancient Silk Road that linked Europe to Asia, needs protecting. ILS could provide the perfect solution, as Kirill K. Savrassov, chief executive of Phoenix CRetro Reinsurance Company, tells Bermuda:Re+ILS.
While the ILS sector continues to grow and innovate, investors’ insistence on the use of tried and tested risk models, combined with a wariness of new risks, is holding the market’s development back, some cedants claim. Bermuda:Re+ILS investigates.