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In a development that will be of concern to the Bermuda reinsurance market, 14 named storms are expected to form during the 2018 Atlantic hurricane season (June 1 to November 30), according to Colorado State University researchers. 6 April 2018
News
Executives from companies including XL Catlin and Chubb Bermuda will join representatives from the Bermuda Monetary Authority (BMA) and the Association of Bermuda Insurers & Reinsurers (ABIR) at a special executive forum hosted by the Bermuda Business Development Agency (BDA) during this month’s RIMS Annual Conference & Exhibition in San Antonio, Texas. 5 April 2018
ILS
In an announcement that will be of great interest to Bermuda’s growing insurance-linked securities (ILS) community, the US Federal Emergency Management Agency (FEMA), which manages the National Flood Insurance Program (NFIP), has said it is exploring the possibility of using an ILS transaction to transfer risk to the capital markets. 5 April 2018
News
Bermuda-based Oil Casualty Insurance, a provider of excess property and liability insurance to a broad array of industries with a focus on the energy industry, has recruited a senior underwriter from Tokio Millennium Re Bermuda. 5 April 2018
ILS
The Association of Bermuda Insurers and Reinsurers (ABIR) is bringing together distinguished past leaders with current chief executives of Bermuda's global insurance market in a leadership forum to market ABIR's 25th anniversary this summer. 4 April 2018
News
Catalina Holdings (Bermuda), a company that acquires and manages re/insurance companies in run-off, has acquired a 5.01 percent stake in Maiden Holdings. 4 April 2018
News
The Bermuda Monetary Authority (BMA) has experienced a recent uptick in re/insurance registrations in the first two months of 2018 with 11 new re/insurers. 3 April 2018
News
White Mountains Insurance Group has entered into an agreement to acquire a majority equity stake in NSM Insurance Group, a managing general underwriter (MGU) and programme administrator for specialty property and casualty insurance. 3 April 2018
News
Bermuda-based specialty re/insurer Fidelis Insurance has appointed Alison Clarke as senior underwriter of its London underwriting team, effective April 3. 3 April 2018
News
Brad Kading is widely acknowledged as having taken the profile of the Association of Bermuda Insurers and Reinsurers to another level during his 12 years at its helm. His successor John Huff describes to Bermuda:Re+ILS his plans for the role and why Bermuda should be bullish about its future. 29 March 2018
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