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The ILS market has reached a critical stage of its development, according to the ILS investor panel at Convergence 2020, titled: Growth Spurts & Growing Pains. Having experienced a significant shock event in 2020, in the form of COVID-19, ILS has certainly proved itself in a challenging market. 8 October 2020
News
Sompo International Holdings has released a new directors and officers liability (D&O) insurance policy form for publicly traded companies. 8 October 2020
ILS
Panelists at ILS Bermuda’s Convergence 2020 conference believe large inflows of alternative capital could explain why the price of catastrophe insurance has not risen in line with insured losses. 7 October 2020
ILS
A panel of academics at ILS Bermuda’s Convergence 2020 conference has slammed the re/insurance industry’s catastrophe prediction models as not fit for purpose. 7 October 2020
Life
Apex Group, the global financial services provider, has appointed Ross Webber as managing director in Bermuda to lead the business on the island. 7 October 2020
Life
Stonybrook Capital & Risk Management has hired Paul Kneuer as a managing director. 7 October 2020
News
The Bermuda Monetary Authority has published the Insurance Sector Operational Cyber Risk Management Code of Conduct to establish duties, requirements, standards, procedures, and principles for insurers and intermediaries operating in the cyber market. 7 October 2020
ILS
Convergence 2020 kicks off on October 6 in a new fully virtual format, becoming the latest event to be forced to make alternative arrangements due to restrictions on movement and gathering due to COVID-19. 6 October 2020
News
Bermuda-based Colonial Group International has rebranded itself as CG as part of an effort to harmonise its brand across all its operations and jurisdictions. 6 October 2020
News
Premia Holdings will acquire Navigators Holdings (Europe) and its associated companies, which includes Assurances Continentales – Continentale Verzekeringen of Belgium and Canal Re of Luxemburg, from The Hartford. 6 October 2020
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