News
Re/insurance
Bermuda’s reinsurers and their priorities are changing as they become bigger, broader and willing to accept new risks. Brokers must keep pace with that and even facilitate the process, as Tony Fox, chairman of Aon Benfield Bermuda, explains to Bermuda:Re+ILS. 29 September 2017
News
RMS has said that it has estimated that the insured loss from Hurricane Maria will be between $15 and $30 billion. 29 September 2017
News
Members of the Association of Bermuda Insurers and Reinsurers (ABIR) made a direct economic contribution to Bermuda of nearly $900 million in 2016, according to the 12th annual member survey results published by ABIR. 29 September 2017
News
Property/casualty insurer Chubb, which has a significant presence on Bermuda, has appointed Louisa Lombardo as head of diversity and inclusion (D&I) for Europe, Eurasia and Africa. 28 September 2017
News
Bermuda (re)insurers have paid out $72.8 billion to European Union (EU) policyholders and cedants over the past 20 years, according to the Bermuda Monetary Authority’s (BMA) first EU Data Claims Survey, completed in July 2017. 28 September 2017
News
Fitch Ratings has claimed that 2017 catastrophe losses for the global insurance and reinsurance sectors will exceed $100 billion and could reach close to $190 billion on a pretax basis. 27 September 2017
ILS
ILS (Bermuda), organisers of Bermuda Convergence 2017, has announced a new education initiative that will provide scholarships for five Bermudian students to work towards an Associate in General Insurance (AINS) designation through the Bermuda Insurance Institute’s (BII) ‘Career Pathways’ program. 27 September 2017
News
AXIS Capital has announced that after consultation with the European Commission, and in accordance with applicable regulations, the company will complete its acquisition of Novae Group in two stages. 26 September 2017
News
Ironshore has announced the creation of Iron-Excess, an expansion of the Iron-Starr Excess underwriting agency business model that has been serving the Bermuda market since 2009. 26 September 2017
News
Bermuda-based American Overseas Group (AOG) has reported that it made a consolidated net loss of $8.2 million for the six months ended June 30, 2017. This was a slight improvement on the consolidated net loss of $12.1 million that it reported for the same period of 2016. 26 September 2017
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