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Bermudian corporate lawyer Michael Burns has been selected as the winner of the second Fred Reiss Lifetime Achievement Award, to be presented at this autumn’s Bermuda Captive Conference on September 10–13. 24 July 2017
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A new report from Impact Forecasting, Aon Benfield's catastrophe model development team claims that although losses for the first have of the year have been lower than average, they have still posed challenges for the insurance market. 21 July 2017
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AM Best has affirmed the financial strength rating of A- (Excellent) of Fidelis Insurance Bermuda and Fidelis Underwriting. AM Best also has affirmed the long-term issue credit rating of “bbb-” of Bermuda-based Fidelis Insurance Holdings, the ultimate holding company. The outlook of these ratings is stable. 21 July 2017
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A new report from Fitch Ratings claims that Bermuda based (re)insurers have generated favourable financial performance over the long term, but results have deteriorated recently. 20 July 2017
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Bermuda-based Everest Re Group has announced that that Joe Martin has joined the Everest insurance credit and political risk team in NY, reporting to Jim Thomas, head of credit and political risk at Everest Insurance. 20 July 2017
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In the wake of the victory of the Progressive Labour Party in Bermuda’s recent General Election, Bermuda’s Business Development Agency (BDA) has issued a statement welcoming the new administration, which is led by new Premier David Burt. 20 July 2017
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The Progressive Labour Party (PLP) has returned to government in Bermuda, after it won a convincing victory in the Island’s General Election, displacing the incumbent One Bermuda Alliance (OBA) party. 19 July 2017
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Bermuda-based XL Catlin’s North America Construction business has reached what the company described as a significant milestone reaching $2 billion in gross written insurance premium in the seventh year of operation. 19 July 2017
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Losses from a major cyber-attack could soon rival the damage bill from a major hurricane, according to a new report, “Counting the cost: Cyber exposure decoded”, released by Lloyd’s of London and cyber risk analytics firm Cyence. 18 July 2017
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Bermuda-based insurer Argus Group Holdings has announced a profit of $12 million for the year ended March 31, 2017, a 64 percent increase on the $7.3 million profit it made the previous year. 18 July 2017
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