Cat modelling firm, AIR Worldwide announced the availability of real-time climate risk analytics, a service providing a real-time view of risk specific to a unique set of assets. 29 April 2013
The Bermudian government utilised the RIMS 2013 conference to announce a continuing overhaul of their work permit system, following on from the elimination of term limits already announced by the new OBA government. 26 April 2013
Investment returns are the biggest concern facing reinsurers with prospects for medium-term improvements appearing bleak, according to AM Best. 25 April 2013
The minimum benchmark yield for diversifying perils in ILS may have reached a new milestone following Bosphorus 1 Re, with pricing on the bond bottoming out at 2.5 percent. 25 April 2013
The slow pace of global economic recovery heads the list of risks facing international firms today and projecting into 2016, according to the latest Global Risk Management Survey conducted by Aon Risk Solutions. 24 April 2013
All legal processes for the merger of Business Bermuda and the Insurance Development Council into the Bermuda Business Development Corporation (BBDC) were completed on Friday. 23 April 2013
Bermuda continues to strengthen its position within the alternative capital space, with new formations in 2013 dominated by special purpose insurers. 23 April 2013
Daniel Wadley has been appointed EVP and head of a new pro insurance unit at Endurance, as the re/insurer responds to growing demand for E&O coverage among professional firms. 22 April 2013
Standard & Poor’s has indicated that despite Bermuda’s revision to a negative outlook , the Island’s re/insurance industry’s counterparty credit and financial strength ratings remain unchanged. 22 April 2013
