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Bermuda Insurance Industry Newswire

  • Published on Mar 7, 2025

    STATEMENT FROM GOVERNOR ON AXING OF THE NATIONAL HEALTH INSURANCE BOARD AND APPOINTMENT OF AN EXAMINER

    Further to submissions  to  Cabinet  from  the  Ministry of  Health  and  the  Ministry  of  Finance  concerning  the  governance  and  financial  oversight  of  the  National  Health  Insurance  Board  (NHIB), I am satisfied that there appears to be …

    Source: Newsline TCI - Uncategorized
  • Published on Mar 7, 2025

    WeSpeak Bermuda Hosts 3rd Teen Boot Camp

    WeSpeak Bermuda’s annual Teen Boot Camp returned for its third successful year, continuing its mission to “empower Bermuda’s young women with the confidence and skills to express themselves boldly.” A spokesperson said, “Hosted at AXA XL headquarters, the …

    Source: Bernews - Neutral
  • Published on Mar 7, 2025

    Re/insurance executives cautiously optimistic on P&C: KBW

    Re/insurance executives have expressed cautious optimism for 2025, though outlooks differ between property catastrophe and casualty lines, according to KBW analysts following this year’s AIFA conference. While property catastrophe reinsurance appears …

    Source: Reinsurance News - Neutral
  • Published on Mar 7, 2025

    Duncan Card To Speak At Bermuda Risk Summit

    Appleby Partner Duncan Card will speak at the Bermuda Risk Summit, taking place from March 10 to 12 at the Hamilton Princess & Beach Club. A spokesperson said, “The fourth annual summit which is presented by the Bermuda Business Development Agency will …

    Source: Bernews - Neutral
  • Published on Mar 7, 2025

    WeSpeak’s Inspires Bermuda’s Young Women to Find Their Voices

    WeSpeak Bermuda’s annual Teen Boot Camp returned for its third successful year, continuing its mission to empower Bermuda’s young women with the confidence and skills to express themselves boldly.   Hosted at AXA XL headquarters, the full-day workshop …

    Source: TNN Bermuda - Uncategorized
  • Published on Mar 6, 2025

    Hiscox observes OECD guidance on Bermuda CIT payments

    Created: Mar 06, 2025 05:35 PM Hiscox Ltd is based in offices at Chesney House on Pitts Bay Road in Pembroke (File photograph by Akil Simmons) Amid record profits, Hiscox, the Bermudian-headquartered global specialist insurer, has estimated a net loss of …

    Source: The Royal Gazette - Neutral
  • Published on Mar 6, 2025

    Segregated Accounts Guidance Note: Key Regulatory Updates for Segregated Account Insurers

    In July 2024, the Bermuda Monetary Authority (BMA) released its long-awaited guidance note entitled “General Business Insurers with Segregated Accounts and Separate Accounts” (the “SAC Guidance Note”) which provides the industry with clarity on the …

    Source: JD Supra - Label Pending
  • Published on Mar 6, 2025

    Private capital and insurance: two way traffic

    Private capital investment in the insurance sector is established, large and growing. This article looks at why this is the case, and the challenges and the likely direction of travel for the near future, and also at the traffic in the other direction: …

    Source: JD Supra - Label Pending
  • Published on Mar 7, 2025

    Buy insurance, don't carry bullets or firearms’: US issues travel advisory for Turks and Caicos Islands

    Ahead of the spring break and summer, the US State Department has issued a new Level 2 travel advisory for Turks and Caicos Islands due to the territory’s crime levels. This comes as the islands were gearing up to welcome spring break visitors as people …

    Source: The Economic Times - Center-right
  • Published on Mar 5, 2025

    Evergreen Insurance steps back from AM Best rating process

    Created: Mar 05, 2025 05:12 PM (Updated: Mar 05, 2025 05:12 PM) Evergreen Insurance is in Power House, 7 Par-la-Ville Road, Hamilton (Photograph by David Fox) AM Best has withdrawn its ratings for Evergreen Insurance Company Ltd after the Bermudian-based …

    Source: The Royal Gazette - Neutral
  • Published on Mar 5, 2025

    BDIC chief executive re-affirms company’s future in Bermuda

    Created: Mar 05, 2025 05:10 PM (Updated: Mar 05, 2025 05:10 PM) Bermuda Monetary Authority headquarters in Hamilton (File photograph) The founder of an insurance company that was the subject of a public warning by the Bermuda Monetary Authority has re- …

    Source: The Royal Gazette - Neutral
  • Published on Mar 5, 2025

    Life insurance firms still attracted to Bermuda

    Created: Mar 05, 2025 08:00 AM Suzanne Williams-Charles, chief executive, Biltir, said the island has worked hard over the years to ensure that its regulatory framework is internationally recognised (File photograph supplied) Interest in Bermuda as a life …

    Source: The Royal Gazette - Neutral
  • Published on Mar 5, 2025

    Japan: Japan Post Insurance plans major investment in reinsurance sidecar

    Japan Post Insurance plans to invest $2bn into a new reinsurance sidecar-like co-investment vehicle sponsored by US life, retirement and annuities insurance and reinsurance company, Global Atlantic Financial Group. Global Atlantic established the Ivy Re …

    Source: Asia Insurance Review - Neutral
  • Published on Mar 7, 2025

    AM Best withdraws Evergreen ratings

    AM Best has affirmed the financial strength rating of A- and the long-term issuer credit rating of “a-” of Bermuda-based Evergreen Insurance Company (EICL). The outlook of these ratings is stable. Concurrently, AM Best has withdrawn these ratings as the …

    Source: Captive International - Neutral
  • Published on Mar 7, 2025

    Fitch revises SiriusPoint outlook to positive

    Fitch Ratings, the global ratings agency, has revised the outlook for Bermuda-domiciled insurer and reinsurer SiriusPoint to positive from stable, while the Long-Term Issuer Default Rating (IDR) has been affirmed at ‘BBB’, the senior debt rating at ‘BBB-‘ …

    Source: Reinsurance News - Neutral
  • Published on Mar 7, 2025

    AXIS appoints Aon’s Alyssa Rubinetti as Senior Life Science Underwriter

    Bermuda-based insurer and reinsurer AXIS Capital has expanded its life sciences team with the appointment of Alyssa Rubinetti as Senior Underwriter. Rubinetti brings over a decade of property and casualty brokering experience in the life sciences industry …

    Source: Reinsurance News - Neutral
  • Published on Mar 6, 2025

    BDA Hosts Wealth & Tech Roundtables In London

    The Bermuda Business Development Agency [BDA] hosted the Wealth & Technology Roundtables in London on February 27. A spokesperson said, “The Bermuda Business Development Agency [BDA] continues to build momentum in key international markets after …

    Source: Bernews - Neutral
  • Published on Mar 5, 2025

    InsuranceERM Americas awards 2025 open for entries

      InsuranceERM has launched its annual Americas awards 2025 to recognise individuals, teams and companies excelling in insurance risk and capital management. The closing date for entries is Friday 11 April 2025. The awards are free to enter and open to re…

    Source: InsuranceERM - Label Pending
  • Published on Mar 5, 2025

    Evolution Not Revolution: Key Practical Implications of the New Arbitration Act 2025

    For nearly 30 years, the Arbitration Act 1996 (AA 1996) has provided an effective and popular framework for arbitrations seated within England, Wales and Northern Ireland.1 By 2021, however, calls for modernisation of the AA 1996 had grown louder, as many …

    Source: JD Supra - Label Pending

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