Solvency II equivalence has long been hailed as a massive feather in Bermuda’s cap giving it credibility on the international stage. But has it led to an increase in business on the ground? Colm Homan and Damian Cooper of PwC Bermuda spoke to Bermuda:Re+ILS.
XL Catlin is well positioned to make a big difference in tackling the protection gap globally. This would be good for the company but it is also the right thing to do, as Charles Cooper, chief executive of Reinsurance at XL Catlin, tells Bermuda:Re+ILS.
As the size of its economy grows, Russia is increasingly vulnerable to the devastating effects of a big catastrophe hitting the country. To manage these growing risks, the country’s governments and insurers should consider the many advantages of using insurance-linked securities, say Kirill Savrassov of Phoenix CRetro, Clive O’Connell of McCarthy Denning, and Rom Aviv of IBI ILS Partners.
Regulatory developments have taken place in very small steps thus far in 2017, and much remains uncertain, says Susan Molineux of AM Best.
The 35th America’s Cup was more just than a sailing race—it was a demonstration of national pride, of entrepreneurial zeal, of a can-do spirit that merges the expertise of history with the idealism of the future, and Bermuda will continue to build on that success, writes Ross Webber of the Bermuda Business Development Agency.
The 2017 hurricane season could be a defining moment for Bermuda. Greg Wojciechowski of the Bermuda Stock Exchange outlines why this Atlantic storm season may define Bermuda’s role in the world for years to come.
Hurricane Irma will test the infrastructure and financial wherewithal of some insurers doing business in Florida, particularly newcomers, as Chris Draghi and Michelle Baurkot of AM Best explain.
To make the best of the new automation technologies, insurers are learning to adapt to the reality of ‘digital labour’ to drive their strategies and achieve their long-term objectives, as Bill Miller and Mark Allitt of KPMG in Bermuda explain.
Markel’s Andrew Barnard tells Bermuda:Re+ILS that the company will provide a robust and rapid response to its clients caught up in Hurricane Irma.
Hannover Re (Bermuda) was launched in 2001 after careful consideration by its German parent company. Konrad Rentrup, chief executive since the company’s launch, discusses the past 16 years with Bermuda:Re+ILS and what, if anything, might turn the soft market.