News
ILS
As we champion the expansion of female talent in the industry, we speak to Kiernan Bell, one of the most respected professionals in Bermuda and now chair of the Bermuda Business Development Agency (BDA), about glass ceilings and the aims of the BDA. 22 July 2016
ILS
Two bond insurance subsidiaries of Assured Guaranty, Assured Guaranty Municipal and Assured Guaranty Corp, have filed a motion and form of complaint at the Federal District Court in Puerto Rico seeking the relief from the stay provided by the Puerto Rico Oversight, Management, Economic Stability Act (PROMESA). 22 July 2016
ILS
Bermuda’s convergence and insurance-linked securities (ILS) industry produced at least 400 jobs in the jurisdiction by the last quarter of 2015, according to the Bermuda Business Development Agency (BDA). 22 July 2016
News
Allied World Assurance Company (Allied World), which has offices in Bermuda, encountered a jump in its net income in the second quarter of 2016, despite the decrease in business in several areas, mainly reinsurance, due to a drop in its property portfolio. 21 July 2016
News
AM Best, a ratings agency, has affirmed the financial strength rating of A- (Excellent) of Fidelis Insurance Bermuda (Fidelis) and the UK-based Fidelis Underwriting (Fidelis UK), both subsidiaries of Fidelis Insurance Holdings. The outlook for each rating is stable. 21 July 2016
News
Ever since Bermuda gained Solvency II-equivalence, commercial re/insurers and insurance groups have not been deprived when competing for and underwriting business in Europe, according to a report by Timetric. 20 July 2016
News
In a decision that will be of interest to hedge-fund backed reinsurers, significant developments have been made in Bermuda’s candidacy for a European passport to facilitate business for Bermuda-based fund managers. 20 July 2016
News
PwC Bermuda will be hosting its annual HeadStart Student Networking reception on July 26 at the Royal Bermuda Yacht Club, giving students an opportunity to connect with PwC associates and partners and learn about the accounting and actuarial opportunities available at PwC. 19 July 2016
News
AXIS Capital has reported its preliminary estimate of second quarter 2016 catastrophe and weather-related pre-tax losses of $104 million. 19 July 2016
News
Randall & Quilter Investment Holdings, a UK based investor in non-life legacy business, has acquired a Bermuda captive in run-off. The captive previously reinsured a number of well-known players including Arch Insurance. 18 July 2016
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