The Lloyd’s market and the Bermuda Monetary Authority (BMA) are jointly developing an initiative to share risk expertise between these two major re/insurance hubs. The focus will be on fostering innovation through the Lloyd’s Lab and improving access to education …
Several insurance industry trade associations used the 30th anniversary of Hurricane Andrew – a storm that upended and transformed insurance and the manner in which communities prepare for natural disasters – to broadcast their conclusion that man-made threats are today …
The Association of Bermuda Insurers and Reinsurers (ABIR) announced its biennial election of officers for 2021-2022. New ABIR officers elected to Bermuda’s leading international insurers and reinsurers industry association are: Chair Marc Grandisson, CEO of Arch Capital Group Ltd. Deputy …
Members of the Association of Bermuda Insurers & Reinsurers (ABIR) made a direct economic contribution to Bermuda of more than $840 million in 2017, according to the group’s 13th annual member survey results. Data reported for calendar year 2017 from …
An ex-chief insurance regulator for Missouri will take over the Association of Bermuda Insurers and Reinsurers starting in January 2018. John Huff, the immediate past president of the National Association of Insurance Commissioners, is succeeding Brad Kading, who is retiring …
Four leaders of Bermuda market groups quickly issued statements last week to allay any fears that the fallout from the UK’s Brexit vote would hit their market as well. “In a global economy, Bermuda is affected, like other nations, by …
The Association of Bermuda Insurers and Reinsurers (ABIR) announced that following the results of a special election to fill a vacancy, Kevin O’Donnell, President and CEO of RenaissanceRe Holdings Ltd., was elected First Deputy Chair and Brian Duperreault, Hamilton Insurance …
In a speech delivered before the Brazilian Center for International Relations (CEBRI), Bradley Kading, president and executive director of the Association of Bermuda Insurers and Reinsurers (ABIR), praised the Brazilian government’s recent announcement to phase out mandates on local reinsurance …
A bulletin from Bermuda notes that the island’s parliament took regulatory action this week to align its regulatory insurance procedures, which it hopes will lead to “recognition by the European Commission as being fully equivalent under the insurance prudential regulatory …
The Association of Bermuda Insurers and Reinsurers (ABIR) has released the 2014 global underwriting results for its member (re)insurers, with 19 of 21 member (re)insurers participating in the survey. The ABIR said: “The companies write insurance and reinsurance from underwriting …
