While the renewals negotiations are uninspiring, a mixture of consolidation, developments in insurtech, cryptocurrencies and the debate around diversity means Bermuda’s risk transfer sector is dynamic and optimistic at the moment, according to the inaugural Bermuda:Re+ILS renewals survey.
The government of Bermuda has been making a major push to attract Bitcoin and other electronic currencies to the Island. Bermuda:Re+ILS takes a look at the latest developments.
Results for the first half and second quarter of 2018 have painted a rather mixed picture for the Island’s re/insurers. Bermuda:Re+ILS reports.
Reinsurers must accept that the age of post-loss payback is over and focus on doing a better job for their clients—that sums up the sentiment of some of Bermuda’s top reinsurance executives as they move into another renewals negotiation characterised by paltry rate increases. Bermuda:Re+ILS reports.
Bermuda’s life reinsurance sector has been steadily growing and gaining influence for many years. Here, in the first of a two-part series, Gokul Sudarsana from Deloitte interviews Sylvia Oliveira, Scott Selkirk and Manfred Maske about the key drivers of growth in this sector.
Amid all the hype around artificial intelligence, Paul Eaton of Aon’s Analytics team explains the reality of its potential impact on insurance—and where pigeons come into the equation
Bermuda’s reinsurance market is adjusting to US tax reform and several other factors including competition from other jurisdictions and Brexit, says Sridhar Manyem of AM Best.
The Monte Carlo Rendez-Vous represents a great litmus test for many things, including the health of the ILS sector. The outlook for ILS is very positive—and this is good news for Bermuda, a wide range of industry experts told Bermuda:Re+ILS at the event.
Bermuda has dominated the ILS space globally for several years, and that will not change if Greg Wojciechowski, chief executive of the Bermuda Stock Exchange, has anything to do with it. He explains to Bermuda:Re+ILS how important the ILS market is to it.
Eleven seasoned executives debated the industry’s response to the 2017 cat losses and how the relationship between ILS and traditional reinsurers continues to mature and evolve, at the annual Bermuda:Re+ILS roundtable in association with Markel Reinsurance held at the Monte Carlo Rendez-Vous de Septembre.