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Bermuda-based Qatar Re is aiming to become a leading reinsurer in Singapore focused on bringing genuine leadership decision-makers close to the Asian markets, according to Micky Lee, principal officer of Qatar Re, at the East Asia Insurance Conference this week. 14 October 2016
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The Caribbean Catastrophe Risk Insurance Facility (CCRIF), a regional catastrophe fund for Caribbean governments and backed by regional governments that include Bermuda, has agreed to make further pay-outs that equal almost $8 million to CCRIF member countries following the damage caused by Hurricane Matthew. 13 October 2016
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Hurricane Nicole has strengthened overnight into a Category 4 storm system and is now forecast to pass directly over Bermuda. 13 October 2016
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Hurricane Nicole is set to increase in intensity from a Category 1 hurricane to a Category 2 as it approaches Bermuda, according to the latest forecasts. 12 October 2016
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Hamilton USA (Hamilton), the US insurance platform of Bermuda-based Hamilton Insurance Group, has appointed Michael Garceau as chief operating officer (COO), effective October 17, 2016. 12 October 2016
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Bermuda is bracing itself ahead of the arrival of Tropical Storm Nicole. 11 October 2016
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Catalina Holdings UK has completed its acquisition of AGF Insurance (AGF) from Allianz subsidiary AGF Holdings. 11 October 2016
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The Caribbean Catastrophe Risk Insurance Facility (CCRIF), which is backed by governments including Bermuda, has offered to pay approximately $20 million to the Government of Haiti, due to Hurricane Matthew. 10 October 2016
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Kuvare Holdings has established Kuvare Life Re (KLR). 10 October 2016
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S&P Global Ratings has warned that if Hurricane Matthew causes substantial losses off the East coast of the US, up to 15 catastrophe bonds could be triggered as a direct result. 7 October 2016
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