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Cat modelling firm, AIR Worldwide announced the availability of real-time climate risk analytics, a service providing a real-time view of risk specific to a unique set of assets. 29 April 2013
News
The Bermudian government utilised the RIMS 2013 conference to announce a continuing overhaul of their work permit system, following on from the elimination of term limits already announced by the new OBA government. 26 April 2013
ILS
Investment returns are the biggest concern facing reinsurers with prospects for medium-term improvements appearing bleak, according to AM Best. 25 April 2013
News
The slow pace of global economic recovery heads the list of risks facing international firms today and projecting into 2016, according to the latest Global Risk Management Survey conducted by Aon Risk Solutions. 24 April 2013
ILS
All legal processes for the merger of Business Bermuda and the Insurance Development Council into the Bermuda Business Development Corporation (BBDC) were completed on Friday. 23 April 2013
News
Standard & Poor’s has indicated that despite Bermuda’s revision to a negative outlook , the Island’s re/insurance industry’s counterparty credit and financial strength ratings remain unchanged. 22 April 2013
News
The Bermuda Monetary Authority has created the position of managing director, supervision—to be filled by Craig Swan, who worked formerly as the director, insurance supervision— to lead all of the Authority’s supervisory functions, effective immediately. 18 April 2013
News
Banking union more likely, as the Joint Committee of the European Supervisory Authorities publishes its first look at the European financial systems’ vulnerabilities, which include ongoing macroeconomic woes and the fragmentation of the eurozone. 17 April 2013
Life
In the accounting panel of Ernst & Young Ltd.’s annual review of the P&C market, participants examined efforts to create global accounting standards. 12 April 2013
Life
Participants in the regulatory panel of Ernst & Young Ltd.’s annual review of the P&C market explored issues concerning Solvency II, its implementation and Bermuda’s position within its framework. 12 April 2013
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