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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
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
News
Catastrophe modelling company RMS has announced that it expects insured losses from the Puebla earthquake in Mexico on September 19, 2017 will not exceed $1.2 billion. 25 September 2017
News
Bermuda’s Premier David Burt has met with senior business executives in New York City during a two-day visit arranged by the Bermuda Business Development Agency (BDA). 25 September 2017
Re/insurance
Don Kramer officially retired a long time ago. Comfortable in his own skin, reflecting on the failures that taught him everything about success, industry legend Kramer discusses with Bermuda:Re+ILS his appetite for volatility in his latest venture and why the industry must embrace young talent. 25 September 2017
News
PartnerRe has teamed up with financial technology company RemitRadar in a bid to utilise its technologies to access insurance clients. 22 September 2017
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