09/02/2022
ABIR members report 21% rise in net premium written
Net premiums written benefited from market growth and improving underwriting conditions with an expectation of additional progress in 2022, ABIR said.
AIM and Hedge Funds
09/02/2022
Four ways to transform Africa-Caribbean trade
A century after the end of the transatlantic slave trade, Garvey saw how Black economic empowerment through international trade could be a real pathway to freedom.
09/02/2022
GraceKennedy to acquire Scotia Insurance Caribbean
SICL will be the newest member of the GraceKennedy Financial Group
09/02/2022
Hybrid re/insurance model becoming more popular in Bermuda, says S&P
The report states that low-interest rates in 2020 and 2021 allowed many companies to raise capital amid already hardening reinsurance pricing to deploy in both reinsurance and insurance lines.
09/01/2022
Cost of living crisis sparks emergency measures
The Committee for Employment & Social Security will ask the States to agree an "emergency increase in income support rates" after monitoring the "the rate at which the cost-of-living has been increasing recently".
09/01/2022
STM Group Mercer acquisition completes and appointment of Mr Nigel Birrell
As part of STM’s strategic partner program, the Group anticipates that other core products will also be available in the near future via these platforms.
09/01/2022
Apex Group to acquire fund services provider Mainspring
The transaction is subject to customary conditions, including regulatory approvals expected in late 2022.
08/31/2022
Bermuda on the rise
Increased employment income is good news
08/31/2022
Oak Group supports new strategy with brand refresh
Introducing the Oak ecosystem, supporting our purpose-led strategy.
08/31/2022
Saint Lucia: CDB Leon highlights innovation as important regional development
He further detailed six challenges that should be addressed, which include food security, water security which includes sanitation and waste management, energy security, shelter security, education security, and health security.
08/31/2022
Three Caribbean nations Dominica, St Kitts and Nevis, Saint Lucia, top chart of CBI Index 2022
Dominica has again topped the charts of the CBI Index for the sixth consecutive year, along with the twin island of St Kitts and Nevis, which has retained the top position for the second time.
08/31/2022
Untapped: How Turks And Caicos Is Primed For Tourism Investment
Turks and Caicos may not be the biggest Caribbean destination, but it certainly has enough natural assets and economic benefits to rival its larger neighbours.
08/30/2022
DARAG seals ‘beyond expectations’ captive book acquisition
DARAG North America’s VP of M&A Joel Neal added there was a continued need for improved operational efficiency in the North American market.
08/30/2022
AM Best affirms ASR Re’s financial strength rating
The group has a senior management and underwriting team in place that has good experience in the targeted classes of business and operating environment, which AM Best says increases the likelihood of market acceptance and successful execution of its busin
08/29/2022
MSMEs still in “survival mode”, says small business consultant
Turnquest noted that small business operators have likewise faced logistical challenges, rising shipping costs, and the impact of global inflation.
08/26/2022
Ocorian reports strong growth in its captive insurance solutions business
Growth in the captives market, in general, is being fuelled by a hard insurance market and rising premiums with companies wanting to take greater control over their insurance requirements to make them more affordable and flexible.
08/26/2022
Report highlights man-made crises in property insurance
The report analyses the origins, root causes and consequences of increasing stress and instability in property insurance markets
08/26/2022
KBRA downgrades UPCIC’s financial strength rating
Additionally, in recent years, UPCIC has experienced poor operating performance and significant surplus declines driven by catastrophe losses, KBRA said, adding that these have elevated underwriting leverage and reduced risk-based capital metrics.
08/25/2022
Jersey Finance’s Director – Middle East, Africa and India, Faizal Bhana, Discusses Saudi Corporate Structures in Arab News
In the article, Faizal and Lama Homaidan AlTurki, Director at the Council of Corporate Health, review the Kingdom’s legal corporate structures
08/25/2022
AM Best sees positive outlook for US-Bermuda re/insurers
Net written premiums rose by 20% in 2021