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Premier Craig Cannonier, pitching Bermuda’s reinsurance market to Risk & Insurance Management Society (RIMS) conference attendees last night in Los Angeles, said: “In fact, we welcome you.” He made the comment during a speech to guests attending the ...

Bermuda’s visibility as a leading jurisdiction at the Risk and Insurance Management Society (RIMS) conference in Los Angeles has been further enhanced by the presence of Premier Craig Cannonier, Finance Minister Bob Richards and Economic Development ...

Things got off to a flying start for Bermuda at this year’s Risk Insurance and Management Society (RIMS) conference in Los Angeles. On the first full day of the event the Island’s booth inside the Los Angeles Conference Center was buzzing yesterday w...

Just back from the RIMS conference in Philadelphia, Premier Paula Cox believes there is a “renewed interest” in Bermuda as a captive jurisdiction. “We’re obviously out there telling Bermuda’s story, we received a good response; there was a lot of int...

Bermuda will not likely see a new wave of large brick-and-mortar insurance companies like it has following previous spikes in demand for new capacity, but rather an influx of smaller alternative capital arrangements, like sidecars and catastrophe bon...

Mario Vitale, co-chief executive officer of Bermuda-based re/insurer Aspen, said insurers are facing a “new world order” in terms of catastrophe exposure. The world is getting riskier, Mr Vitale told AM Best’s News Service at the Risk and Insurance ...

Supply chain risk and cyber liability are the two classes of business that could be the next successful lines for Bermuda’s insurers. “These are definitely the two subjects that have come up most,” Paul Scope, CEO of JLT Park told The Royal Gazette a...

While Bermuda’s local retail banks may be fierce competitors in Hamilton, it’s all family at the world’s largest insurance conference. At the annual four-day RIMS conference in Philadelphia this week, Butterfield Bank, Capital G and HSBC all have boo...

More captives are forming ‘onshore’ in the US than in offshore locations like Bermuda and Cayman. This is one of the findings coming out of Marsh’s 2012 Captive Benchmarking Report, which found that from 1991 to 2000, 65 percent of the captives forme...

The rivalry between Bermuda and Lloyd’s of London is completely “overblown”, says a Lloyd’s representative. At the RIMS conference in Philadelphia, the Lloyd’s executive said that, rather than having a adverse relationship, the two jurisdictions have...

Bermuda made quite a scene yesterday at the world’s largest insurance conference in Philadelphia, complete with media paparazzi and an entourage. Premier Paula Cox completed her annual walkabout through the exhibit hall flanked by Roger Gillett, chai...