Bermuda’s decision to adopt Solvency II equivalence has proved the right one for the island, even as the Bermuda Monetary Authority (BMA) slows the pace of implementation. 13 December 2012
ACE Bermuda has established ACE Select, a paid internship program geared towards Bermudian college students who aspire to entering the insurance industry. 13 December 2012
The results of specialty insurer, Torus’s second annual survey of the management liability and professional lines market predicts that rate increases are on the cards for 2013. 6 December 2012
Business Bermuda, the organisation tasked with promoting the Island’s business credentials internationally, hosted its latest annual conference in New York last week on the future of offshore business. 6 December 2012
Bermuda property cat specialist, Montpelier Re has launched a London-based asset management platform offering “innovative catastrophe reinsurance-linked investment products” to investors. 6 December 2012
A recent report by AM Best that states that despite ‘tepid’ industry returns the rating agency has faith in Bermuda are indicative of the strength and reputation of the Island’s re/insurance sector. 6 December 2012
Ironshore’s professional liability division, IronPro is introducing a Highly Protected Information (HPI) product that will provide IT coverage and specialist assistance to SMEs affected by cyber attacks. 6 December 2012
Standard & Poor’s review of the Bermuda market in 2011 and 2010 finds last year to have been a difficult 12 months for the industry. Enterprise risk management (ERM) has helped the industry ride out the storm. 2 November 2012
