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PwC has unveiled its second report examining the importance of blockchain to the insurance sector. Bermuda:Re+ILS examines some of the main findings of that report. 19 November 2018
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While the renewals negotiations are uninspiring, a mixture of consolidation, developments in insurtech, cryptocurrencies and the debate around diversity means Bermuda’s risk transfer sector is dynamic and optimistic at the moment, according to the inaugural Bermuda:Re+ILS renewals survey. 19 November 2018
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PartnerRe has announced that its third quarter results were impacted by losses from Typhoons Jebi and Trami and Hurricane Florence as well as losses from its investment portfolio. 16 November 2018
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Hamilton Insurance Group has unveiled the lineup of insurtech startups that will pitch their new digital tools at the GR Innovation & Insurtech conference on November 19 at Rosewood Bermuda. 16 November 2018
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The government of Bermuda has been making a major push to attract Bitcoin and other electronic currencies to the Island. Bermuda:Re+ILS takes a look at the latest developments. 16 November 2018
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Results for the first half and second quarter of 2018 have painted a rather mixed picture for the Island’s re/insurers. Bermuda:Re+ILS reports. 16 November 2018
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Reinsurers have looked for strategic growth through new products and coverage, as well as possible mergers and acquisitions (M&A), according to panellists at the annual 2018 S&P Global Ratings Bermuda Reinsurance Conference, which took place at The Hamilton Princess Hotel on Nov. 6 and 7. 15 November 2018
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AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb” from “bbb-” of Maiden Holdings and its downstream intermediate holding company, Maiden Holdings North America. 15 November 2018
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The International Accounting Standards Board (IASB) has decided, subject to the IASB’s due process, that the IFRS 17 insurance accounting standard will be delayed by one year and the extension of the deferral of IFRS 9 to the same date. 15 November 2018
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AM Best is estimating that wildfire losses in California will reach record levels in 2018 after three different fires erupted in November and will force insurers to re-price and reassess their California exposures. 14 November 2018
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