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The Caribbean Catastrophe Risk Insurance Facility (CCRIF) will make a payout of $10.7 million to the Government of Nicaragua following the passage of Tropical Cyclone Eta. 18 November 2020
News
The Association of Bermuda Insurers & Reinsurers (ABIR) has entered a strategic partnership with Bermuda College and New York’s St. John’s University, Maurice R. Greenberg School of Risk Management, Insurance & Actuarial Science, to develop diversity, equity and inclusion initiatives. 18 November 2020
ILS
Only 5 percent of ILS end investors are attracted to the idea of investing in securitised cyber risk, according to the new Global Insurance-Linked Securities Market Survey Report from Willis Towers Watson. 18 November 2020
News
The global modeled insured average annual loss from catastrophes is nearly $100 billion worldwide in 2020, according to AIR Worldwide’s 2020 Global Modeled Catastrophe Losses report. 17 November 2020
News
AXA XL has partnered with COMPASS to expand its subcontractor default insurance (SDI) business in North America with new prequalification tools for its construction clients. 17 November 2020
News
A proper understanding and integration of environmental, social and governance (ESG) factors is increasingly critical to the long-term viability of re/insurance companies, according to research by AM Best. 16 November 2020
News
The Bermuda government has vowed to work with industry experts to build out a detailed business plan before advancing its planned Digital Bank Bill that will allow it to create the world’s first state sponsored digital bank in Bermuda. 16 November 2020
News
Chaucer, the international specialty re/insurance group, has unveiled a new reinsurance branch in Bermuda to serve its US clients. 16 November 2020
News
Maiden Holdings reported a third quarter of 2020 net profit of $2.2 million, compared to a net loss of $58.3 million in the third quarter of 2019. 16 November 2020
Life
Marlon Williams has joined Hiscox Re & ILS as a senior property underwriter. 13 November 2020
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