Market News
Bermuda Insurance Sector Remains Resilient to Catastrophe Scenarios
The Bermuda Monetary Authority recently reviewed the Bermuda insurance sector's capacity to absorb shocks from catastrophe risk events. Read More
US Property and Casualty Insurance 2020 Outlook
In a recent Kroll Bond Rating Agency (KBRA) report, the rating agency said it believes the US property and casualty insurance sector in 2020 is stable, based on a number of expectations. Read More
AI Expected To Transform Financial Services Industry within 2 Years
A new survey released by the World Economic Forum and the Cambridge Centre for Alternative Finance (CCAF) found nearly two-thirds (64 percent) of financial services leaders expect to be mass adopters of artificial intelligence (AI) in just 2 years compared to just 16 percent doing so today. Read More
South Carolina's Jay Branum Says Captives Have a Bright Future
While more than 30 US states have captive statutes, only a handful have a significant number of captives, says Jay Branum, director of captives at the South Carolina Department of Insurance. Read More
KBRA Affirms Ratings for Premia Reinsurance Ltd.
Kroll Bond Rating Agency (KBRA) affirmed the insurance financial strength rating of A- for Premia Reinsurance Ltd., a Class 4 Bermuda specialty reinsurer focused on acquiring nonlife runoff liabilities. Read More