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Bermuda has opportunity to lead the way on ILS ESG: Roundtable

As momentum continues to accelerate around responsible and sustainable investing, Bermuda’s standing in the global insurance-linked securities (ILS) sector means it’s well placed to capitalise on the growing base of environmental, social and governance (ESG) focused investors, say industry experts. We recently published our sixth Bermuda ILS Executive Roundtable, held virtually read the full article →

BMA seeks more seamless marketplace with ILS process enhancements: Brad Adderley, Appleby

Recent changes made by the Bermuda Monetary Authority (BMA) to improve processes specific for catastrophe and mortgage bonds, shows that the island is listening to its clients and being more adaptive in the face of growing competition, according to Brad Adderley, Partner at global law firm Appleby. The BMA, the financial read the full article →

Bermuda speeds up cat bond SPI registration to just three days

Catastrophe bond sponsors looking to locate their issuance structures in Bermuda can now benefit from much faster licensing and registration of new cat bond vehicles, with the process streamlined to take just three working days by the regulator. The Bermuda Monetary Authority (BMA) said today that a new faster catastrophe bond read the full article →

Artemis Bermuda ILS Executive Roundtable 2021

Welcome to Artemis’ sixth Bermuda-focused insurance-linked securities (ILS) executive roundtable, held virtually for the second year in a row owing to ongoing pandemic-related restrictions. Despite the impacts of the Covid-19 pandemic and subsequent restrictions on travel and face-to-face meetings, Bermuda attracted a significant amount of startup capital in 2020, ahead of read the full article →

Africa Specialty Risks choose Bermuda for rated reinsurance platform

Africa Specialty Risks, a pan-African focused reinsurance group, has announced that it will launch a licensed and eventually rated reinsurance company and has chosen Bermuda as the location for the operation. Africa Specialty Risks has been expanding of late, with one notable addition being its launch of a dedicated specialist parametric read the full article →

BMS Re hires Mullan to lead new Bermuda reinsurance operation

BMS Re, the reinsurance arm of broking group BMS, has announced the launch of its first official Bermuda office and the hiring of former Alterra executive Adam Mullan to lead the office. The launch of BMS Re in Bermuda is the latest step in BMS' expansion of its global reinsurance broking read the full article →

BMA names Craig Swan CEO, as Jeremy Cox to depart

The Bermuda Monetary Authority (BMA), the financial regulator for one of the world's most important insurance and reinsurance markets, has announced a change at the top, as its current Deputy CEO Craig Swan will take over the CEO role from October 1st, with current CEO and Executive Chairman Jeremy Cox read the full article →

ILS innovation presents need for higher level of board expertise: Taylor, Ocorian

Due to a shift away from commoditisation in the insurance-linked securities (ILS) sector, diversity and innovation are becoming essential, which has increased the need for a higher level of board expertise, according to Ocorian Client Director Sherman Taylor in a recent interview with Artemis. In Bermuda, Special Purpose Insurers (SPI) are read the full article →

Hudson Structured supports Bermuda’s Future Leaders

Hudson Structured Capital Management Ltd., the insurance-linked securities (ILS), reinsurance, insurtech and transportation- focused investment manager, is supporting mentorship and leadership development opportunities for young Bermudians through a new partnership. The investment manager, which undertakes its reinsurance investment activities through its HSCM Bermuda unit based on the island, has entered into read the full article →

Bermuda to retain its leadership position in ILS because it has to: Webber, Apex

As the insurance-linked securities (ILS) pie continues to expand it’s natural for new jurisdictions to emerge and try to take a slice, but the innovative Bermuda marketplace is expected to maintain its leadership position, according to Ross Webber, Managing Director at independent financial services provider and fund administrator, Apex Group read the full article →