News relating to the Bermuda and international insurance and reinsurance industry.
Brad Kading talks re/insurance's role in Sandy recovery
At a phone conference hosted by the Reinsurance Association of America (RAA) on Monday, Brad Kading of the Association for Bermuda Insurers and Reinsurers made a strong case for the re/insurance sector.
White Mountains Solutions to acquire AIG subsidiary
White Mountains Solutions Holding Company, a wholly-owned subsidiary of Bermuda-domiciled White Mountains Insurance Group, has entered into a definitive acquisition agreement with a small runoff subsidiary of AIG.
ACE establishes internship program
ACE Bermuda has established ACE Select, a paid internship program geared towards Bermudian college students who aspire to entering the insurance industry.
Positive AM Best report reflects Bermuda credentials
A recent report by AM Best that states that despite ‘tepid’ industry returns the rating agency has faith in Bermuda are indicative of the strength and reputation of the Island’s re/insurance sector.
Montpelier Re leverages capabilities through Blue Capital
Bermuda property cat specialist, Montpelier Re has launched a London-based asset management platform offering “innovative catastrophe reinsurance-linked investment products” to investors.
Torus survey foresees rate rises and new risks
The results of specialty insurer, Torus’s second annual survey of the management liability and professional lines market predicts that rate increases are on the cards for 2013.
Ironshore introduces SME IT coverage
Ironshore’s professional liability division, IronPro is introducing a Highly Protected Information (HPI) product that will provide IT coverage and specialist assistance to SMEs affected by cyber attacks.
ACE appoints Kopp as COO for Korea
Bermuda re/insurer, ACE has appointed Edward Kopp as its deputy president and chief operating officer for Korea.
Business Bermuda burnishes Island’s credentials in NY
Business Bermuda, the organisation tasked with promoting the Island’s business credentials internationally, hosted its latest annual conference in New York last week on the future of offshore business.
Philanthropy alive and well in the re/insurance sector
Endurance and Tokio Millenium Re (TMR) have both made significant contributions to programmes benefiting children in Bermuda.
