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A major conference on the state of the reinsurance industry is to be held in November.
Bermuda Reinsurance, the eleventh of its kind to be held on the island, will feature top figures from the industry discussing issues like the impact of the UK’s de...
DATE: Sep 15, 2016
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CATEGORY:
Other
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The insurance industry has to get leaner and make greater use of technology, according to industry veteran Brian Duperreault.
Mr Duperreault, chairman of Hamilton Insurance Group, said: “Our delivery of our product is grossly over-expensed.
“We are n...
DATE: Sep 15, 2016
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
A former top US basketball player and a writer for hit cartoon show The Simpsons are to take part in an alternative investment conference at the end of the month.
Ex-Baltimore Bullets and New York Knicks player Earl “The Pearl” Monroe, now an entrepr...
DATE: Sep 15, 2016
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
In the investment management industry women account for only 20 per cent of the membership, compared with 34 per cent in the legal profession and 50 per cent of accountants.
The comparatively low percentage of women in the investment management space...
DATE: Sep 15, 2016
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CATEGORY:
International Business
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AUTHOR:
Scott Neil
Travellers from Bermuda who encounter a problem with new self-service check-in kiosks at JetBlue’s T5 terminal in JFK International Airport should opt for a nearby kiosk assistance desk, not the general help desk, for a speedier solution.
That is the...
DATE: Sep 15, 2016
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CATEGORY:
Other
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AUTHOR:
Scott Neil
Representatives from the Bermuda Monetary Authority and ten major reinsurance companies took part in a recent brainstorming session led by global blockchain technology consortium R3.
The workshop, held at Bermuda Business Development Agency offices l...
DATE: Sep 15, 2016
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CATEGORY:
Reinsurance
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Insurance group Argus rose 1 cent in Bermuda Stock Exchange trading today.
The increase of 0.2 per cent to $4.05 came after 3,000 shares sold.
Utilities firm Ascendant was unchanged at $6 after 20,400 shares moved.
The Bank of Butterfield was also un...
DATE: Sep 15, 2016
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CATEGORY:
Bermuda Stock Exchange
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In line with the evolving threat of terrorist attacks around the world, an expanded terrorism risk model has been announced by AIR Worldwide.
The model will allow insurers, reinsurers and others to test likely terrorist attack scenarios in 28 countri...
DATE: Sep 14, 2016
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CATEGORY:
Reinsurance
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Reinsurance pricing is not sustainable, Axis president and CEO Albert Benchimol warned yesterday.
Mr Benchimol said, however, that the subject was not being discussed as much as he would like at Monte Carlo industry conference Rendez-Vous.
He added: ...
DATE: Sep 14, 2016
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Reinsurance capital globally hit a new peak of $585 billion in the first half of this year, a jump of 4 per cent on the 2015 full year figure.
To put that capital pile in context, the ten-year median average for global insured losses is $46 billion.
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DATE: Sep 14, 2016
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CATEGORY:
Reinsurance
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AUTHOR:
Scott Neil