Socio-economic Impact Of International Business In Bermuda In Focus

Leading Re/insurers Projected To Be Largest Payers Of Corporate Income Tax

Partnership with Bermuda College and St. John’s University continues

ABIR survey highlights strong global demand for market’s risk solutions

Executives from Bermuda’s leading re/insurers discuss market trends with US regulators

Bermudian students embrace opportunity for taste of hands-on re/insurance industry expierence

Leading re/insurers offer record number of work expierence opportunities to Bermudian students

New Director of Policy and Regulation brings 23 years’ experience in public and private sectors

New ‘speed networking’ event enables particpants to speak with professionals

Chief Risk Officier Emmanuel Brulé to join ABIR board of directors

New ABIR Chief Investment Officer Forum launched

Minister Hayward & Aspen’s Cloutier to headline course opening; Students and career shifters urged to register for free course

Free programme aimed at students, career shifters and people curious about industry

.

Bermuda & British Markets Working Together

Growth benefited from hardening market, underwriting discipline and increased underwriting in specialty lines - 13% year-over-year increase

Anniversary event proceeds to support Bermuda College Foundation

Record number of work experience opportunities for Bermudian students

Cyber Working Group to expand focus as Bermuda emerges as global market leader

Global run-off specialist’s CEO Bill O’Farrell to join ABIR board

Two Diversity Equity and Inclusion (DEI) Trailblazers will be honoured at the second annual Bermuda Risk Summit, presented by the Bermuda Business Development Agency (BDA), in partnership with the Association of Bermuda Insurers and Reinsurers (ABIR), EY and Gallagher Re.

Ongoing partnership with Bermuda College aims to strengthen local talent pipeline

Diversity, equity, and inclusion at heart of effort to attract next generation of industry leaders

The Association of Bermuda Insurers and Reinsurers (ABIR) has announced that the popular foundational insurance course offered in partnership with Bermuda College and New York’s St. John’s University, will be offered for a third year with the opening session starting, Monday, January 16, 2023.

Hamilton CEO Pina Albo begins term as ABIR Chair

The Association of Bermuda Insurers and Reinsurers (ABIR) today announces that Pina Albo is its new Chair, following the organization’s biennial election of officers at its recent board meeting.

The Bermuda Business Development Agency, is pleased to announce that it has secured two headline sponsors for its second annual Bermuda Risk Summit being held on March 6-8, 2023.

Growth benefited from strong market conditions and continued expansion in specialty and casualty portfolios

On the eve of the 30th anniversary of Hurricane Andrew’s landfall in Florida, one of the nation’s costliest and most consequential natural disasters in history, the American Property Casualty Insurance Association (APCIA), the Reinsurance Association of America (RAA), the Association of Bermuda Insurers and Reinsurers (ABIR), and Robert Hartwig, PhD, CPCU published a joint paper,"

Intern Working Group adds value to work experience in re/insurance industry

The Association of Bermuda Insurers and Reinsurers (ABIR) announces that its member companies are hosting a record number of 91 paid interns in their Bermuda offices this year. To add value to the work experience gained with the island’s leading international re/insurance companies, ABIR is facilitating an Intern Working Group to give the young Bermudians opportunities to network, interact and learn skills that will help them to navigate their way into the industry.

Arch Capital and RenaissanceRe support students’ studies at St. John’s University

The Association of Bermuda Insurers and Reinsurers (ABIR) today announces two new scholarships, offered in conjunction with member companies Arch Capital Group Ltd. and RenaissanceRe Holdings Ltd., to support Bermudian students through undergraduate programmes at one of the world’s most prestigious risk management schools.

One of 57 paid internships at Bermuda’s leading insurers & reinsurers

Eva Frazzoni has joined the Association of Bermuda Insurers and Reinsurers (ABIR) as a summer intern. She is one of 57 paid interns at Bermuda’s leading insurers & reinsurers. The Master’s degree student and Bermuda women’s national team footballer will work with ABIR’s Policy and Government Relations team.

Talks focus on building upon mutually beneficial Bermuda-Lloyd’s relationship

Leaders from the Bermuda and Lloyd’s re/insurance markets joined Bermuda’s Premier and Minister of Finance, the Hon. David Burt, JP, MP, in a roundtable discussion in London.

The Premier & Minister of Finance departed Texas on Saturday evening for London where he, and the Financial Secretary Ms Cheryl Lister, will be joined by the BDA, and representatives from the Association for Bermuda Insurers & Reinsurers (ABIR), and the Association of Bermuda International Companies (ABIC) for meetings with U.K. Government officials including the Department of Treasury to discuss matters regarding Bermuda’s financial services sector.

The Bermuda Business Development Agency (BDA) will continue to promote Bermuda’s strengths at its latest overseas mission to London next week.

Completing the London delegation is John Huff, President & CEO, Association of Bermuda Insurers and Reinsurers (ABIR); and BDA Chair, Stephen Weinstein.

Williams and Wharton take key roles, reflecting deep bench of executive talent

The Association of Bermuda Insurers and Reinsurers (ABIR) announces new leadership for two of its important committees, drawing from the senior executive talent of member companies. Jevon Williams, of Chubb Bermuda, has been appointed Co-Chair of the ABIR Policy Committee, alongside continuing Co-Chair Gemma Carreiro, General Counsel of Hamilton Insurance Group.

Bermuda can lead the world in tackling the challenges of climate risk, a leading insurance executive told a sold-out audience at the inaugural Bermuda Climate Summit yesterday. Speaking of climate risk on a macro level, Hamilton Insurance Group CEO Pina Albo said: “There is an opportunity for Bermuda here to really put its face on the map, to lead on the topic of climate, how to improve resiliency, how to mitigate the risk, how to underwrite the risk, and how to make statements with how we are running our business.”

Bermuda’s re/insurance industry genuinely wants to make an impact on environmental, social and governance (ESG) matters rather than just ticking boxes or responding to outside pressures, according the Island’s first ESG benchmarking survey, which was unveiled on 25 May at the Bermuda Climate Summit.

The Bermuda Business Development Agency (BDA) led a two-day event that drew some 150 attendees, including 70 from around the world, to discuss myriad wide-ranging climate issues, including the science of climate change, the regulatory needs of green investors, and Bermuda’s leadership role in this new era.

The Association of Bermuda Insurers and Reinsurers (ABIR) will participate in the International Forum of Terrorism Risk Pools (IFTRIP) Annual Conference next month. Themed ‘ReCODE’, the event will stream virtually on May 10, and will bring together thought leaders from international terrorism reinsurance pools, re/insurers, public agencies, academia and the risk and security professions, for the exchange of expertise and ideas on combating potential economic loss resulting from terrorism risk.

The Association of Bermuda Insurers and Reinsurers (ABIR) is strongly opposing a proposal by Standard & Poor’s Global Ratings to disallow senior debt as a form of available capital, calling the draft plan “disruptive” and an “overuse of market power.”

The Association of Bermuda Insurers and Reinsurers (ABIR) is strongly opposing S&P’s proposal to disallow senior debt as a form of available capital, calling the draft plan “disruptive” and an “overuse of market power”.

The sold-out Bermuda Business Development Agency’s (BDA) Bermuda Risk Summit was declared an immense success, with over 80 overseas delegates in attendance.

The Association of Bermuda Insurers and Reinsurers (ABIR) has sponsored three Bermuda College students to attend next week’s Bermuda Risk Summit.

Following the European Union’s (EU) Code of Conduct Group including Bermuda on the state of play document (Annex II), the Bermuda Business Development Agency (BDA) and its valued partners, notes that Bermuda is committed to cooperation and compliance in relation to global tax standards.

President of Aon, Eric Andersen, will speak at the Bermuda Business Development Agency’s (BDA) inaugural Bermuda Risk Summit being held March 14-16, 2022.

The Association of Bermuda Insurers and Reinsurers (ABIR) is pleased to welcome Aon, one of the world’s largest insurance and reinsurance brokers, as a new member.

A global reinsurance firm has boosted a charity with a $25,000 donation to help fund vital training programmes. SiriusPoint has handed over the cash to the Inter Agency Committee for Children, Families and the Community, an umbrella body for social services organisations.

Latest survey highlights leading re/insurers’ economic benefit to Bermuda in 2020

Members of the Association of Bermuda Insurers and Reinsurers (ABIR) contributed $8.5 billion to the Bermudian economy over the decade ended 2020, according to a tally of annual member survey results.

ABIR announced today that more than 160 people have registered so far for the foundational insurance course offered by the partnership with Bermuda College and New York’s St. John’s University.

The Bermuda Business Development Agency (BDA), along with our partners, KBRA and the Association of Bermuda Insurers and Reinsurers (ABIR) regret to announce we have postponed our inaugural Bermuda Climate Summit until May 24, 2022, due to global complexities related to the ongoing coronavirus pandemic.

“Pandemics may come and go but the rise of risk exposures never slows.”

The Association of Bermuda Insurers and Reinsurers [ABIR] announced that the foundational insurance course offered earlier this year in partnership with Bermuda College and New York’s St. John’s University, will be offered for a second year in the Spring of 2022.

The Association of Bermuda Insurers and Reinsurers (ABIR) is pleased to announce the recruitment of Bermudian Lynesha Lightbourne as Assistant Director of Public Policy and Government Relations.

The Association of Bermuda Insurers and Reinsurers (ABIR) has signed on to the Insurers’ Principles for Climate Change Adaptation drawn up by the Insurance Institute for Business & Home Safety (IBHS) with support from the property casualty insurance industry.

Live broadcast of ABIR webinar on International Reinsurance and Climate Risk

The Association of Bermuda Insurers and Reinsurers (ABIR) will welcome the leadership of the National Association of Insurance Commissioners (NAIC) to Bermuda this week to participate in a live webinar discussion of international reinsurance and climate risk.

The Association of Bermuda Insurers and Reinsurers (ABIR) is pleased to welcome Lockton Re, the reinsurance arm of the world’s largest independent insurance broker, as a new member.

The Bermuda Business Development Agency (BDA) announced today that Mr. David Hart has been appointed as the new Chief Executive Officer (CEO) of the BDA effective 1 October 2021.

The Association of Bermuda Insurers and Reinsurers (ABIR) will host a virtual panel discussion this month on the importance of active allyship in achieving diversity, equity and inclusion within organizations.

The Bermuda Business Development Agency (BDA) and the greater Bermuda (re)insurance industry stand ready to support Americans in the aftermath of Hurricane Ida...

Member companies of the Association of Bermuda Insurers and Reinsurers (ABIR) are giving 23 young Bermudians a taste of the insurance industry through summer internships.The students are gaining valuable experience with companies including Aeolus, Arch, Ariel Re, Ascot, Chubb,Convex, Fortitude Re, Hamilton, Mosaic Insurance and Validus, as well as with ABIR itself.

Bermudian Kace Wales has joined the Association of Bermuda Insurers and Reinsurers (ABIR) as an intern. The 17-year-old from Sandys is studying on the Associate of Arts (Business Administration) programme at Bermuda College and aspires to a career in the insurance industry.

Analysis: Over half of US mortgage reinsurance is backed by Bermuda’s world-class reinsurance market

ABIR Chair & Arch Capital Group CEO Marc Grandisson & Bermuda Monetary Authority Deputy CEO Craig Swan to participate

Over the past 20 years. Bermuda’s re/insurers have paid nearly a quarter of a trillion dollars in claims from natural and man-made disasters in the United States and European Union alone.

Conduit Re CEO Trevor Carvey, Canopius Re Bermuda CEO Charles Craigs and Mosaic CEO Mitch Blaser Named to ABIR Board

ABIR Recognizes Bermuda Industry Icon and Past Chair with Tree Planting at Hamilton Ferry Terminal

ABIR donates 100 copies of New York Best Seller “How to be an Antiracist” to Bermuda libraries and schools

Deep Bench of Executives to Lead Committees and Working Groups for Bermuda’s Leading Insurers and Reinsurers

Arch Capital Group Ltd. CEO Marc Grandisson begins term as ABIR Chair

Global CEOs Andrew Bernstein, Ryan Mather and James Bracken Named to ABIR Board

Diversity Equity & Inclusion initiatives to recruit the next generation of leaders

Axis Capital CEO & ABIR Chair Albert Benchimol to moderate; Climate, ComFrame, Pandemic & Reinsurance to be discussed

ABIR members make $830 million in direct economic investments in Bermuda

Chubb Bermuda General Counsel Jim Paugh to Lead Group

Why work from home when you can work from Bermuda?

International Association of Insurance Supervisors (IAIS) Implementation partner Access to Insurance Initiative (A2ii) hosts global event series

Bermuda’s leading insurers and reinsurers donated more than $3 million to local charities during lockdown

Stepping Stones to Economic Recovery

Leading international insurers, reinsurers welcome new members Hannover Re and Awbury Insurance during virtual board meeting

Bermuda’s leading international insurers & reinsurers pitch in to reunite families during pandemic

RenaissanceRe’s Mishambi takes reins as Chair of ABIR Policy Committee; Hamilton Group’s Carreiro assumes Deputy Chair

ABIR members contribute over $814 million to Bermuda economy in 2018; Bermudian salaries highest in 14-year survey; percentage of Bermudians in ABIR member workforce at record high of over 74%

Suzanne Williams-Charles Appointed Corporate Secretary

Record Gross Written Premiums top $100 Billion

Convex Group becomes newest member company of ABIR

Spring floods in the US Midwest have underlined the fact that few people in the US have flood coverage. Intelligent Insurer investigates.

Bermuda’s leading insurers and reinsurers support economic substance enhancements to statutory and regulatory framework

Leading Bermuda re/insurers provide summer internship opportunities

ABIR Intern Advertisement Summer 2019

AXIS Capital President & CEO Albert Benchimol begins term as new ABIR Chair

ABIR's Suzanne Williams-Charles to Make Closing Comments Thursday

Percentage of Bermudians in ABIR member workforce continues to grow – now close to 70%

Ascot Re Joins Board; Willis, Guy Carpenter & AON form ABIR Broker Advisory Cabinet

XL’s Madeiros takes reins at Policy Committee; Arch’s Seymour Smith joins Financial Committee

Capital Grows Due to Favorable Loss Experience; Consolidation Underway in 2015

Net Income Growth Due to Favorable Catastrophe Loss Experience