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News
Assured Guaranty has announced the successful combination of the portfolios and operations of its four international financial guarantee insurance companies. Assured Guaranty (London), Assured Guaranty (UK) and CIFG Europe, which were previously acquired by Assured Guaranty Europe, have been merged with and into AGE, with AGE as the surviving entity. 13 November 2018
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Reinsurers must accept that the age of post-loss payback is over and focus on doing a better job for their clients—that sums up the sentiment of some of Bermuda’s top reinsurance executives as they move into another renewals negotiation characterised by paltry rate increases. Bermuda:Re+ILS reports. 12 November 2018
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Maiden Holdings has reported net losses for the third quarter of 2018 after its AmTrust reinsurance segment saw adverse prior year loss development. 12 November 2018
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Hamilton Insurance Group is expanding its focus on youth digital literacy in Bermuda through a partnership with Code441, a non profit founded to empower and equip young people with the skills and resources to pursue opportunities in technology. 12 November 2018
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Bermuda’s life reinsurance sector has been steadily growing and gaining influence for many years. Here, in the first of a two-part series, Gokul Sudarsana from Deloitte interviews Sylvia Oliveira, Scott Selkirk and Manfred Maske about the key drivers of growth in this sector. 12 November 2018
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Amid all the hype around artificial intelligence, Paul Eaton of Aon’s Analytics team explains the reality of its potential impact on insurance—and where pigeons come into the equation 9 November 2018
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Bermuda’s reinsurance market is adjusting to US tax reform and several other factors including competition from other jurisdictions and Brexit, says Sridhar Manyem of AM Best. 9 November 2018
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The Bermuda Business Development Agency (BDA) had a direct economic impact on the island's economy of $26.3 million in 2017, according to a PricewaterhouseCoopers (PwC) independent impact study commissioned by the public-private agency. 9 November 2018
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Fitch Ratings has assigned Bermuda-based QBE Blue Ocean Re an Insurer Financial Strength (IFS) Rating of 'A+' (Strong). The outlook is stable. 9 November 2018
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Enstar made a net loss of $16 million in the third quarter of 2018, down from the net profit of $39 million it reported for the same period of 2017. 9 November 2018
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