INSURANCE
New Bermuda insurers to handle Florida hurricane risks (Update 1)
Renaissance Re and Validus both announced on Friday the formation of two reinsurance companies, creating additional reinsurance capacity for the Florida homeowners market.
BF&M reports income of $32.7m
Insurer BFandM had a net income of $32.7 million for 2011. These results exceeded net income of $17.5 million for 2010.
Montpelier names Michel to head risk analytics
Montpelier Reinsurance Ltd announced it has named Dr Gero Michel as head of risk analytics, a new position at the company, effective July 1.
'Opportunities and threats' for insurance market
Fitch Ratings said Bermuda's reinsurance market faces a mixed bag operating under Solvency II requirements. Fitch praised Bermuda for being a "nimble market".
New Class 4 reinsurer begins operations in Bermuda
SAC Re Ltd began operations on Monday with $500m in capital, which was raised in a private placement of the equity securities of its parent company, SAC RE Holdings Ltd.
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Barbara Bufkin named APIW's Woman of the Year
Barbara Bufkin, Executive Vice President, Corporate Business Development of Argo Group, is the Association of Professional Insurance Women's 2012 Woman of the Year.
Retiring? Up to 20 per cent of us are not prepared for it
The Argus Group on Tuesday announced the appointment of Helena Pimentel as the new retirement specialist to assist clients in becoming more prepared for retirement.
Memory of CEO lives on with scholarship
A new $15,000 scholarship was awarded on Wednesday in memory of Zurich CEO Shernelle Outerbridge, who died six months after she was paralyzed in a car crash.
Matters in Healthcare: What can I do if my job fails to pay my insurance?
Jennifer Attride-Stirling of the Bermuda Health Council on Friday dealt with the issue of employers falling behind on health insurance payments.
New insurance for cellphones
Digicel and BF and M have partnered to provide phone insurance, which will allow customers to insure the device against theft, damage or accidental loss.
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August 8: Business Briefs
Kris Furbert wins the KPMG scholarship, Argus donates $10,000 to Big Brothers Big Sisters of Bermuda, and more in Wednesday's Business Briefs.
Palmer to help with catastrophe risk management
A top scientist has been appointed the head up the catastrophe risk department of a major Bermuda-based insurance company, Raymond Hainey reported on Wednesday.
Berry, Simons and Abend move up the ranks at XL
XL Group plc's reinsurance operations announced the appointment of three Bermudians in August.
Insurer has 'an occasion to celebrate'
FMG officially opens its new client reception hall on Friday on the ground floor of the Freisenbruch-Meyer Building. It's full steam ahead for the local insurer.
Validus acquires Flagstone
Validus Holdings, Ltd has acquired Flagstone Reinsurance Holdings, S.A., the companies announced on Thursday.
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