Bermuda focuses on innovation and diversification to build on reinsurance strength
Bermuda wants to use its re/insurance market strength as a platform for innovation, economic diversification and new business formation across insurtech, digital assets, cyber and shipping
Latest updates
Willis says most cyber breach losses are covered
The broker’s latest claims report analysed 5,500 cyber claims across 95 countries and around $1bn of insurer payments
Price Forbes builds MEA fac team with two senior hires
Facultative reinsurance hires Tarek Semaan and Anthony Abi Fadel join from Gallagher Re as Price Forbes expands its capabilities in Dubai
Synthetik: data centres need engineering-based PML approach for PVT risk
Synthetik Insurance Technologies has warned that traditional political violence and terrorism modelling may fail to capture the step change in loss severity facing data centres when blast effects move from external damage to internal structural impact
Gallagher Re: Florida reforms drive market softening amid quieter hurricane outlook
Reinsurance broker’s nat cat update said Florida buyers used a softer market to add protection, as the broker highlighted lower expected Atlantic hurricane activity and abundant mid-year capacity
LSM, ICEYE launch parametric wildfire cover using satellite data
Liberty and ICEYE have launched a building-level parametric wildfire solution in the US and Australia, using satellite data and automated damage assessment to support faster payouts after wildfire events
Willis Re appoints Ogilvie and Dart to specialty roles
Jonathan Ogilvie will lead non-marine specialties globally, while Chris Dart has been named head of treaty reinsurance in Bermuda
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England, BH1 1BZ - a USA Today company
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