News
News
The importance of mobility to women in insurance and financial services, and how to make opportunities more inclusive, are topics close to the hearts of Talia Lucas and Kristen Palmer of PwC Bermuda, as they explain to Bermuda:Re+ILS. 22 July 2016
ILS
For the second year running, Bermuda:Re+ILS is highlighting some of the most successful female executives working in risk transfer in Hamilton. What follows is a selection of profiles and comments from those we interviewed. For the full profile of every executive from both 2016 and 2015 please find a full digital report online at: http://www.emagcloud.com/NewtonMedia/BReILS_IWOB_2016/index.html 22 July 2016
ILS
As we champion the expansion of female talent in the industry, we speak to Kiernan Bell, one of the most respected professionals in Bermuda and now chair of the Bermuda Business Development Agency (BDA), about glass ceilings and the aims of the BDA. 22 July 2016
ILS
Two bond insurance subsidiaries of Assured Guaranty, Assured Guaranty Municipal and Assured Guaranty Corp, have filed a motion and form of complaint at the Federal District Court in Puerto Rico seeking the relief from the stay provided by the Puerto Rico Oversight, Management, Economic Stability Act (PROMESA). 22 July 2016
ILS
Bermuda’s convergence and insurance-linked securities (ILS) industry produced at least 400 jobs in the jurisdiction by the last quarter of 2015, according to the Bermuda Business Development Agency (BDA). 22 July 2016
News
Allied World Assurance Company (Allied World), which has offices in Bermuda, encountered a jump in its net income in the second quarter of 2016, despite the decrease in business in several areas, mainly reinsurance, due to a drop in its property portfolio. 21 July 2016
News
AM Best, a ratings agency, has affirmed the financial strength rating of A- (Excellent) of Fidelis Insurance Bermuda (Fidelis) and the UK-based Fidelis Underwriting (Fidelis UK), both subsidiaries of Fidelis Insurance Holdings. The outlook for each rating is stable. 21 July 2016
News
Ever since Bermuda gained Solvency II-equivalence, commercial re/insurers and insurance groups have not been deprived when competing for and underwriting business in Europe, according to a report by Timetric. 20 July 2016
News
In a decision that will be of interest to hedge-fund backed reinsurers, significant developments have been made in Bermuda’s candidacy for a European passport to facilitate business for Bermuda-based fund managers. 20 July 2016
News
AXIS Capital has reported its preliminary estimate of second quarter 2016 catastrophe and weather-related pre-tax losses of $104 million. 19 July 2016
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