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Bermuda is on track for achieving equivalency with Solvency II, according to the deputy governor of the Central Bank of Ireland, Matthew Elderfield. Speaking at the Insurance Day Summit in Hamilton yesterday, Mr Elderfield, who was the CEO of the Ber...

Insurance veteran Michael Butt says that if there’s one thing he’s learned from nearly five decades in the industry, it’s the importance of knowing exactly “who owns the risk”. If that is in any way unclear, it leads to lack of discipline and potenti...

A Bermudian mother of three who works full time for a captive management firm on the Island is this year’s recipient of the Bermuda Insurance Management Association’s (BIMA) ACI Scholarship. Desirae Simons was awarded a cheque for $4,350 at yesterda...

Reputation is the key factor in differentiating captive insurance domiciles. That is the view of Tommaso Mascarucci, president of Black Gold Re Ltd, the Bermuda-based captive of Colombian oil giant Ecopetrol set up six years ago. Speaking in a sessio...

Industry talent is what enables Bermuda to have an international insurance market of global renown — and without that intellectual capital the market would not exist. That is the view of industry veteran Don Kramer, expressed during a question-and-an...

Reinsurance industry veteran Don Kramer is seeing an “explosion” in the insurance-linked securities (ILS) business, as investors opt to put their money into catastrophe bonds and the like, rather than set up new reinsurance companies. Speaking at th...

NEW YORK (Reuters) - Investors globally, from hedge funds to retirement systems, are looking to an obscure corner of the insurance industry to boost returns and avoid some of the swings that have plagued stock and bond markets in recent years. Their ...

The head of the Bermuda Monetary Authority (BMA) says Bermuda is making itself more attractive to international business by becoming Solvency II equivalent. During a panel discussion at the Bermuda Captives Conference yesterday, BMA CEO, Jeremy Cox t...

Business Development and Tourism Minister Wayne Furbert described the challenges facing the world as “daunting” at a major insurance conference yesterday. Mr Furbert was giving the opening remarks at the Bermuda Captive Conference, which has attracte...