Reinsurance News
ABIR
Aeolus, Ariel Re & Fortitude Re join ABIR
22nd December 2020
The Association of Bermuda Insurers and Reinsurers (ABIR) has announced that re/insurance firms Aeolus Capital Management, Ariel Re and Fortitude Re will join ABIR for 2021. “I am pleased to welcome Bermuda international risk transfer leaders Aeolus, Ariel Re and Fortitude Re to ABIR,” said Albert Benchimol, President & Chief Executive ... Read the full article
ABIR members contribute $830mn to Bermuda economy in 2019
24th September 2020
The Association of Bermuda Insurers and Reinsurers (ABIR) has announced the results of its 15th annual ABIR Bermuda Economic Substance Survey. The survey showed that ABIR members contributed over $830 million to the Bermuda economy, up $15 million from calendar year 2018. ABIR members invested more than $131 million on local ... Read the full article
Bermuda’s re/insurers show “operational resilience” amid COVID-19 crisis: ABIR
14th April 2020
Despite the challenges and impacts of the COVID-19 coronavirus pandemic, Bermudian insurers and reinsurers continue to meet the needs of clients and have shown "operational resilience" during the crisis, reports the Association of Bermuda Insurers & Reinsurers (ABIR). With social distancing measures in place across much of the world, the ABI ... Read the full article
RenRe’s Mishambi & Hamilton’s Carreiro assume ABIR leadership roles
9th January 2020
Two new leadership appointments have been announced by the Association of Bermuda Insurers & Reinsurers (ABIR), including the addition of RenaissanceRe's (RenRe) Edward Mishambi as Chair of the association's Policy Committee. The Policy Committee reviews insurance regulation in both Bermuda and abroad, international regulatory standards, public policy in Bermuda, U.S. natural ... Read the full article
ABIR members contribute $815 million to Bermuda economy in 2018
4th October 2019
Members of the Association of Bermuda Insurers & Reinsurers (ABIR) contributed $637 million in payroll to Bermuda-based employees in 2018, with the group's aggregate direct economic impact to the island's economy hitting almost $815 million. The figures are according to the 14th annual member survey results, which includes data reported for ... Read the full article
ABIR announces key regulatory appointments
23rd August 2019
The Association of Bermuda Insurers and Reinsurers (ABIR) has appointed Wendy King as Public Policy & Regulatory Affairs Analyst. Additionally, the firm’s Director of Policy and Regulation, Suzanne Williams-Charles, has been appointed with additional responsibilities as ABIR Corporate Secretary. King, who most recently served as Senior Officer at the BMA’s Policy and ... Read the full article
ABIR member premiums written reach $100bn high
31st July 2019
Gross premiums written by members of the Association of Bermuda Insurers and Reinsurers (ABIR) exceeded US $100 billion, according to data on the group's 2018 global underwriting results. ABIR reported on 21 of its 23 member companies, who write insurance and reinsurance business from underwriting centres across Bermuda, Europe, Asia, and ... Read the full article
ABIR elects Hamilton’s Albo as Deputy Chair, adds Convex to membership
18th July 2019
The Association of Bermuda Insurers and Reinsurers (ABIR) has elected Hamilton Insurance Group Chief Executive Officer (CEO) Pina Albo as its Deputy Chair. Albo fills the unexpired term of Validus Re CEO Kean Driscoll, who stepped down from the position after his recent appointment as Global Chief Underwriting Officer for AIG’s ... Read the full article
AXIS Capital CEO Albert Benchimol elected Chair of ABIR
7th January 2019
The Association of Bermuda Insurers & Reinsurers (ABIR) has concluded its biennial election process, securing new officers for 2019-20, with the President & Chief Executive Officer of AXIS Capital, Albert Benchimol, appointed Chair. Marc Grandisson, President & CEO Arch Capital Group joins as Deputy Chair whilst Kean Driscoll, CEO of Validus ... Read the full article
ABIR voices support for Bermudian commitment to new international standards
3rd January 2019
Following the introduction of new international requirements for companies to show economic substance in jurisdictions where they have a registered presence, members of the Association of Bermuda Insurers and Reinsurers (ABIR) has expressed support for the island's efforts to facilitate tax transparency and compliance with global standards. The Bermudian government recently ... Read the full article
ABIR appoints executives from XL Group and Arch to leadership roles
27th July 2018
The Association of Bermuda Insurers & Reinsurers (ABIR) has appointed XL Group’s Leila Madeiros and Arch Reinsurance’s Michelle Seymour Smith to its policy and financial committees respectively. Madeiros, who succeeds Stephen Weinstein, serves as Head of Compliance & Regulatory Affairs, Bermuda, for XL Group and is part of its team on ... Read the full article
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