News relating to the Bermuda and international insurance and reinsurance industry.
Convergence: Industry needs better understanding of nat cat event frequency
The ILS market must get better at understanding natural catastrophe event frequency, according to a panel at Convergence 2019.
PartnerRe hires two in Bermuda as CFO retires
Mario Bonaccorso, executive vice president and chief financial officer at PartnerRe, will retire on March 31, 2020, to pursue a new entrepreneurial venture.
Arch offers paid family medical leave product in Massachusetts
Arch Insurance has developed a paid family medical leave (PFML) product for employers in Massachusetts, in response to new state legislation requiring all employers make available paid family and medical leave coverage for every worker in the state.
AXIS warns of cat-related losses of up to $175m
AXIS Capital Holdings expects to make a preliminary pre-tax loss of between $150 million and $175 million on its exposures to Hurricane Dorian, Japanese typhoons and other weather-related events, the re/insurer has warned.
Convergence: Insurance open protocol reporting will benefit the whole industry
The introduction of insurance open protocol reporting (IOPR) can benefit the whole industry, according to Michael Hamer partner & senior analyst at Albourne Partners.
Convergence: ILS not so alternative
Alternative capital is a misleading name given how integral to the market ILS capital has now become, according to Kevin O'Donnell president & CEO of RenaissanceRe Holdings.
Convergence: Disaster management measures must be upgraded
Disaster management in many places must be upgraded, according to Tim Brown, research professor and climatology director at the Division of Atmospheric Sciences of the Desert Research Institute in Nevada.
Convergence: Hurricane seasons to get wetter and more violent
Future hurricane seasons could see an increase in the number and severity of storms, according to a presentation at Convergence 2019.
Convergence: ILS no longer a threat to traditional capital
ILS is no longer seen as a threat to traditional capital, according to Kathleen Faries, the chair of ILS Bermuda.
Hagibis wind speeds expected to ease as it approaches Japan
Super Typhoon Hagibis is closing in on Japan as it moves northwards with maximum sustained wind speeds of 129 mph, according to the Japan Meteorological Agency (JMA), or 161 mph according to the Joint Typhoon Warning Center (JTWC).
