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News

Bermuda finance minister leads delegation to RIMS conference

Bermuda finance minister Curtis Dickinson has lead a delegation of government, regulatory and industry personnel to the Risk and Insurance Management Society (RIMS) annual conference this week.   29 April 2019

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Argo Seguros taps Swiss Re Mexico and Central America CEO

Argo Seguros, the Brazilian re/insurance underwriter and member of Bermuda-based Argo Group, has appointed Newton Queiroz as CEO.   25 April 2019

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Stalling hurricanes worry insurers

Hurricanes that come ashore and then stall, dumping huge amounts of water in one place, are an increasing source of concern for re/insurers. Bermuda:Re+ILS assesses TigerRisk’s new white paper on this subject.   24 April 2019

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Over half of firms report cyber attacks in 2019: Hiscox

61 percent of firms across the US, the UK, Germany, Belgium, France, Spain and the Netherlands have experienced a cyber attack in the past year, up from 45 percent in 2018, a report from Bermuda-headquartered specialist insurer Hiscox has shown.   24 April 2019

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Canopius Lloyd’s business to merge with AmTrust

Specialty re/insurer Canopius - which operates in the UK, Ireland, Netherlands, Switzerland, Bermuda, US and Singapore, has signed a deal to merge its Lloyd’s business with AmTrust at Lloyd’s.   18 April 2019

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Everest CUO joins WCIRB governing committee as chairman

The chief underwriter officer of Everest Insurance, Mike Mulray, has been approved as chairman of the Workers' Compensation Insurance Rating Bureau of California (WCIRB) governing committee.   18 April 2019

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BNY Mellon Bermuda captive gets Excellent rating

Ratings agency AM Best has affirmed the financial strength rating of A (Excellent) for BNY Trade Insurance, the Bermuda-based single-parent captive of The Bank of New York Mellon Corporation.   17 April 2019

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Enstar to reinsure $0.5bn in Zurich legacy asbestos portfolios

A subsidiary of Bermuda-based Enstar Group has agreed to reinsure $0.5 billion in US asbestos and environmental liability insurance portfolios of a subsidiary of Zurich Insurance Group.   17 April 2019

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Bermuda’s ABIR supports expansion of private US flood market

Following the National Association of Insurance Commissioners’ (NAIC) spring national meeting, the Association of Bermuda Insurers & Reinsurers (ABIR) has encouraged the expansion of the private flood market and state regulation in the US.   12 April 2019

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Secondary perils pose wake-up call to re/insurers: Swiss Re

Over 60 percent of the $76 billion in global insured losses from natural catastrophes in 2018 resulted from so-called “secondary” perils - small-to-mid sized events or secondary effects of a primary peril, a Swiss Re sigma study has shown.   10 April 2019

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