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Horseshoe Group & Rewire Launch Eclipse Re

Horseshoe Group & Rewire Launch Eclipse Re

Horseshoe Group and Rewire Securities LLC have announced the launch of Eclipse Re Ltd, a private syndicated collateralized reinsurance note platform that will “provide turnkey services to investors and sponsors worldwide looking to participate in collateralized reinsurance and transform the risk into a listed note form.” A spokesperson said,... Read more of this article

Hamilton Re Launches School Student Contest

Hamilton Re Launches School Student Contest

Hamilton Re, the Bermuda-based operations of Hamilton Insurance Group, today [Feb 15] announced the launch of a contest for Bermuda high school students in support of Insurance Careers Month, the global initiative aimed at attracting young people to the insurance industry. Up to 20 students will be selected to participate in Open Hamilton Re on Friday,... Read more of this article

Captive Insurance Register Maintains Stability

Captive Insurance Register Maintains Stability

The Bermuda Monetary Authority today [Feb 13] confirmed Bermuda had 776 active captive licences on its register as at 31st December 2016. The Authority’s definition of a captive [i.e., an insurer predominantly formed to self-insure the parent company] includes: Class 1, 2, 3 general business insurers and Class A and B Long-Term [life] insurers.Bermuda’s... Read more of this article

Captive Insurance Experts Target US Markets

Captive Insurance Experts Target US Markets

A team of top industry experts, led by Bermuda Business Development Agency [BDA], will travel to Chicago and Boston next month to highlight the advantages of Bermuda as the world’s leading domicile for captive insurance. The Executive Forum on Bermuda Captive Insurance Solutions will visit Chicago March 7 and Boston March 9, offering insurance buyers,... Read more of this article

Argo Group Closes Ariel Re Acquisition

Argo Group Closes Ariel Re Acquisition

Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products, has closed the acquisition of Ariel Re, a global underwriter of insurance and reinsurance business. Ariel Re was jointly owned by Banco BTG Pactual S.A. and the Abu Dhabi Investment Council. The company underwrites a global portfolio... Read more of this article

Webcasts Highlight Bermuda Captive Insurance

Webcasts Highlight Bermuda Captive Insurance

Seven webcasts featuring Spanish-speaking captive insurance experts on the island are being released by the Bermuda Business Development Agency [BDA] to target Latin American audiences following this week’s World Captive Forum. The BDA videos feature bilingual captive experts from Aon, ASW Law, Jardine Lloyd Thompson, Marsh, PricewaterhouseCoopers,... Read more of this article

Insurance Careers Month To Kick Off On Feb 1

Insurance Careers Month To Kick Off On Feb 1

The second annual Insurance Careers Month kicks off Feb. 1, 2017, rallying young insurance professionals around the world to share pride in their careers and stimulate interest in the industry among their peers. First organized in 2016, the objective of Insurance Careers Month is to encourage carriers, brokers, agents and industry associations to plan... Read more of this article

FMG Aids Corporate Providers With Regulations

FMG Aids Corporate Providers With Regulations

New legislation to ensure Corporate Service Providers have appropriate insurance coverage to protect them from modern risks and exposures was recently announced by the Bermuda Government. According to the new regulation effective October 1, companies will only be seen as carrying on business in a ‘prudent manner’ if their insurance cover fits the... Read more of this article

Fox To Speak On Captives In Emerging Markets

Fox To Speak On Captives In Emerging Markets

Appleby Bermuda LATAM Manager Eduardo Fox [pictured] will be speaking at the World Captive Forum, one of the longest running international captive insurance conferences in the world. Mr Fox will join over 50 highly acclaimed executive representatives and industry experts in presenting to international attendees within the captive insurance industry,... Read more of this article

Fitch Ratings On Reinsurance, Bermuda, M&A

Fitch Ratings On Reinsurance, Bermuda, M&A

“The Bermuda [re]insurance market remains viable in the face of declining profitability despite challenging market conditions and increased potential political threats from the U.S,” Fitch Ratings said. “Bermuda’s reputation for a strong and efficient regulatory framework benefits the island’s [re]insurance market,”... Read more of this article

Bermuda To Host New Insurance Conference

Bermuda To Host New Insurance Conference

Bermuda is set to host a new insurance market conference this spring, catering to sophisticated buyers for major hospital systems, long-term care facilities, physicians groups and health benefits and services providers from North American healthcare markets. Sponsored by the Bermuda Business Development Agency (BDA), the Bermuda Healthcare Forum, scheduled... Read more of this article

Catastrophe Bonds Hit Record $26.82 Billion

Catastrophe Bonds Hit Record $26.82 Billion

An impressive $7 billion of catastrophe bonds and similar insurance-linked securities [ILS] issued in 2016 took the outstanding cat bond market to the highest level since its inception, according to Artemis.bm. A spokesperson said, “The Artemis.bm Deal Directory recorded over $7.05 billion of new catastrophe bonds in 2016, which, after accounting... Read more of this article

BFIS Holds Christmas Speed Networking Lunch

BFIS Holds Christmas Speed Networking Lunch

Over 70 insurance professionals and undergraduate students participated in BFIS’ annual Christmas Speed Networking Lunch on December 29 at O’Hara House.A spokesperson said, “With eight rotations, each lasting six minutes, every student had the opportunity to meet and talk one‐on‐one to at least eight insurance industry representatives... Read more of this article

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