Justin Davies, Head of EMEA at Xceedance, has said the insurance industry must prepare for further ‘gray rhino’ threats – large, highly destructive but predictable events that are often ignored. Writing in Emerging Risks Justin states that the COVID-19 pandemic has been wrongly described by many as a ‘black swan’ event – a surprising catastrophe that…
Bermuda International Long Term Insurers and Reinsurers (BILTIR) has appointed Scott Selkirk, Chief Underwriting Officer at Somerset Re, to its Board of Directors. “Through the hard work of the BILTIR board, and the many active members of its committees, we will continue to advocate for our members to ensure the impactful work being done in…
Henri Labat, Senior Executive Officer at International General Insurance, argues in Insurance Day Covid-19 is driving positive changes in the risk markets in the Middle East. In an opinion piece, he states: “It will take time to see the final Covid claims bill for the MENA region, but for now it will fuel the hardening market…
GreenKite Associates Chief Executive Officer Sara Ager is quoted in an Insider Engage article looking at the proposed UK regulatory changes which could have an impact on Directors’ and Officers’ liability insurance. The government announced this month it was launching a consultation on wide-ranging reforms to modernise the UK’s corporate governance and audit regime. “New…
The appointment of insurance industry veteran Shelby Weldon as the new Executive Director of Bermuda International Long Term Insurers and Reinsurers (BILTIR) attracted widespread coverage in the insurance and reinsurance media. Bermuda’s Royal Gazette reported Mr. Weldon as saying: “I am excited by this new role with BILTIR as it provides another platform and opportunity…
TigerRisk partner Juan England has written an opinion for Insurance Day in which he outlines the key roles a successful modern broker must play. “To service their clients and help them to navigate through the latest emerging risks, insurance companies have had to transform the way they do business,” he writes. “Brokers, in turn, have also…
The planned launch of directors’ and officers’ insurance-focussed managing general agent Rising Edge in the first half of 2021 is reported in much of the insurance and reinsurance trade media. Insurance Insider notes that the company has appointed Kelly Lyles, formerly Chief Executive of client and country management at AXA XL, as non-executive chair of…
IGI President Waleed Jabsheh was interviewed by Insurance Business about the company’s recent successful results. Reflecting on the full-year 2020 results, Mr. Jabsheh said the focus was on cementing bottom line growth. “Of course, if you have short-term opportunities that come your way, you’d be a fool not to take advantage of them, but our focus…
Sid Sankaran, the CEO of SiriusPoint, rang the opening bell of the New York Stock Exchange to celebrate the company’s formation and listing on the exchange. He told Bermuda’s Royal Gazette newspaper: “I am delighted to be ringing the Opening Bell at the NYSE in this celebration of renewal. SiriusPoint has launched as one of…
The successful diversity and inclusion seminar hosted by Bermuda International Long Term Insurers and Reinsurers (BILTIR) has been featured in this month’s Risk & Insurance magazine. The seminar tackled the subject of ‘unconscious bias in the workplace’ and concluded with participants being asked to choose a tangible activity that would tackle this issue. BILTIR chair…