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The insurance industry has been designated an essential service on the island of Bermuda, following a request by Bermuda International Long Term Insurers and Reinsurers (BILTIR) to the government. 30 March 2020
Life
Sompo Global Risk Solutions (GRS), part of Sompo International Holdings, has appointed Michael Carroll as senior vice president and deputy head of life sciences. 30 March 2020
News
Bemuda had 22 confirmed cases of COVID-19 as at Sunday March 29, but is able to trace the origin of each individual case, said David Burt, Bermuda’s Premier. 30 March 2020
News
Sirius International Insurance Group has launched a formal process with a view to selling the company. 27 March 2020
News
Monument Re is set to acquire GreyCastle Holdings, a Bermuda-based reinsurer focused on managing a portfolio of annuity and life risks, and its subsidiaries. 27 March 2020
News
The number of confirmed COVID-19 cases has increased significantly, with eight new cases confirmed by testing on March 26. 27 March 2020
ILS
The impact of the COVID-19 virus on the global economy has been profound. Greg Wojciechowski of the Bermuda Stock Exchange and the ILS Bermuda Thought Leadership team share their thoughts about the impact it has had, and is likely to have going forward, on the ILS business. 27 March 2020
News
The Bermuda market incurred $9.2 billion gross claims in the last three years in relation to wildfires in California, and $9.6 billion in the last two years related to typhoon losses in Japan, according to a report published by the Bermuda Monetary Authority. 27 March 2020
Life
Willis Re, the reinsurance business of Willis Towers Watson, has named Dan Melanson as senior vice president and health practice leader. 26 March 2020
News
The Bermuda Captive Conference, usually held in June, has been pushed back to later in the year due to the global impact of the COVID-19 outbreak. 26 March 2020
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