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Top Keywords: countrys, kading, upas, hih, quarterlies, apra, bermudas, reinsurers, counterparty, bma

Bermuda 'ahead of the game' in race to match Solvency II standards
Bermuda is "ahead of the game" in its efforts to ensure that it keeps up with international insurance regulation standards. That is the view of Bradley Kading, president and executive director of the Association of Bermuda Insurers and Reinsurers (ABIR), who is this week attending a meeting of insurance regulators from around the world at the Fairmont Hamilton Princess. He added that those who believe that Bermuda has "weak regulation" are mistaken,
2008-04-11 12:47:01 GMT

Bermuda's regulation more advanced than US or EU, claims ABIR president::
Bermuda currently has more advanced insurance regulation than the US or the European Union (EU), an industry conference heard on Friday. Bradley Kading, president of the Association of Bermuda Insurers and Reinsurers (ABIR), said at the Standard & Poor's / PricewaterhouseCoopers Bermuda (Re) insurance Conference that the Island was on track to achieve regulatory equivalence with Solvency II — updated rules for insurers due to be introduced in the EU in 2012. Jeremy Cox,
2009-11-16 15:28:52 GMT

... but insurance chief upbeat about Island
Jet-setting international business leaders discussing Bermuda’s reputation on the world stage have been told that media coverage of developments into the leaking of Bermuda Housing Corporation investigation papers and the detention of Auditor General Larry Dennis this week are precisely how things should be. The man who represents Bermuda’s multi-billion dollar insurance and reinsurance industry, Bradley Kading,
2007-06-21 12:29:00 GMT

Growing the Island's reinsurance industry
The current state of Bermuda's reinsurance industry and its ability to sustain more growth in the future was the focus of the opening day of the 21st International Reinsurance Congress at the Fairmont Hamilton Princess. Steven Beard, CEO of outsourcing company XChanging, and Alex Letts, CEO of trading providers RI3K,
2007-10-04 11:24:40 GMT

Business leaders seek stability in the year ahead
Getting the message out that Bermuda is open for business and a return to stability in the financial markets in 2009 are top of the wish list of David Ezekiel, chairman of the Association of Bermuda International Companies (ABIC). Mr. Ezekiel called on Government to continue its constructive discussions with the Island's international business community and to make the companies and their employees, which contribute so much to the country's economy, feel welcome - in both words and actions.
2009-01-06 13:28:01 GMT

Battling for captive business at RIMS::
Bermuda is battling for captive insurance company business at the RIMS annual conference in Boston — and the technical expertise of the Island's insurance regulators is one of their main weapons. Several of the inquiries coming in at the Bermuda booth at the Boston Convention and Exhibition Center have been from companies looking to set up captives — entities set up by corporations to provide self-insurance to the parent company.
2010-04-28 09:18:06 GMT

Insurance regulation bolstered
The face of insurance company regulation in Bermuda is set to change after Government passed the Insurance Amendment Bill 2008 in the House of Assembly earlier this week. The new bill, which was proposed by Finance Minister Paula Cox, made a number of changes to the Insurance Act 1978, allowing the Bermuda Monetary Authority (BMA) to prescribe standards for an enhanced capital requirement and a capital and solvency return for insurers to comply with,
2008-07-11 12:36:21 GMT

Regulatory equivalence is key for Bermuda insurers competing in EU market::
Bermuda-based captive insurance companies covering risks in the European Union will not be directly impacted by new EU insurance regulations, delegates at an industry conference heard yesterday. But when the new rules — known as Solvency II — are introduced in the Europe, extra conditions could be attached by EU member states to business reinsured by non-EU entities. That was the message from Guy Soussan, a partner with Steptoe and Johnson,
2009-06-25 12:34:04 GMT

Bermuda vs London
No punches were thrown but the insurance market rivalry between Lloyds of London and Bermuda was given a going over by a number of key speakers at the inaugural Insurance Day Summit in Bermuda. With a handful of Lloyds of London names having embraced Bermuda in recent years, and capital from Bermuda finding its way back to the London market, the question of who is best was considered on the first day of the high-powered summit,
2007-06-20 12:45:48 GMT























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