News

News

RMS enhances Canada coverage in its North America wildfire product suite

RMS has unveiled the RMS Canada Wildfire HD Model as part of the RMS North America Wildfire HD Model Suite on RMS Risk Modeler.   26 April 2021

News

Pacific Life Re creates global funded solutions team in Bermuda

Pacific Life Re (PLR) is expanding into the funded reinsurance market and has established a new global funded solutions (GFS) team.   26 April 2021

News

SiriusPoint plans pipeline of projects with new partner Hestia Capital

SiriusPoint, the international specialty re/insurer, is partnering with Hestia Capital, a Texas-based advisory start-up that sources and develops structured speciality re/insurance transactions and insurance-related investments in underserved or specialised markets.   26 April 2021

News

BDA unveils plans to establish climate risk finance industry as big as reinsurance

The Bermuda Business Development Agency (BDA) has launched an initiative to establish and promote Bermuda as the world’s climate risk finance capital.   26 April 2021

Life

Compre hires two as expansion continues

Compre, the international specialist legacy group that launched a Bermuda-based class 3A reinsurer, Pallas Re, in 2020, has made two new appointments as it expands its business.   26 April 2021

News

OCIL reports a small net profit for 2020 while maintaining maximum limits to customers

Oil Casualty Insurance (OCIL) reported a small profit for the year ended November 30, 2020, in its audited financial statements, released at its annual general meeting of shareholders.   26 April 2021

Life

HSBC exec to run Bermuda’s captive operation from Hong Kong

HSBC Life, HSBC Group’s insurance business, has hired a new global head of customer proposition, within the HSBC Life and Insurance Partnerships business.   26 April 2021

News

Outlook brightens for Convex Re and Convex Insurance UK: AM Best

AM Best has revised the outlooks of Convex Insurance UK (Convex UK) and Convex Re (Bermuda), wholly owned subsidiaries of Convex Group, to positive from stable, having affirmed their financial strength ratings of A- (excellent).   23 April 2021

ILS

Eagle Re issues $498m in ILNs to finance Radian reinsurance cover

Radian Guaranty, the wholly owned subsidiary of Radian Group, has obtained $498 million of fully collateralised excess of loss reinsurance coverage from Eagle Re 2021-1, the newly formed Bermudian special purpose insurer.   23 April 2021

News

ABIR’s Earth Day message: Bermuda can lead the world in climate risk finance

Bermuda can be the world leader in climate risk finance, according to John Huff, president and chief executive officer of the Association of Bermuda Insurers and Reinsurers (ABIR).   22 April 2021

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