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Speaking at the World Economic Forum, John Drzik, CEO of the Oliver Wyman Group, argued growing debt levels resulting from the financial crisis, are weakening the ability of governments to respond to catastrophic events. 10 January 2013
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After 14 years in power, Bermuda’s Progressive Labour Party (PLP) was defeated in this week’s election by the One Bermuda Alliance (OBA), which will form the new government under its leader Craig Cannonier. 30 December 2012
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Business Bermuda released a report detailing the Island’s role in the global economy, just in time for the start of the New Year. 20 December 2012
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Bermuda-based re/insurer, Alterra has announced that is to be acquired by US-based specialty insurer, Markel in a deal that will create a company that is expected to write $4.4 billion of premium annually. 20 December 2012
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ACE Bermuda has established ACE Select, a paid internship program geared towards Bermudian college students who aspire to entering the insurance industry. 13 December 2012
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Bermuda re/insurer, ACE has appointed Edward Kopp as its deputy president and chief operating officer for Korea. 6 December 2012
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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. 6 December 2012
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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. 6 December 2012
Life
Bermuda Re/insurance spoke to Tom Mount and Greg Reisner at ratings agency AM Best about what makes a good enterprise risk management strategy, and its implications for re/insurers’ ratings. 1 November 2012
Life
ORSA may pose significant challenges to insurers, even those that already have ERM and capital processes in place. 1 October 2012
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