Demotech

One-Third of Bermuda Risk Summit Attendees From Overseas

Retrieved on: 
Wednesday, March 8, 2023
Finance, Consulting, Professional Services, Small Business, Insurance, Hamilton Princess & Beach Club, Convex, AM Best, Hon, National Association of Insurance Commissioners, National Association, Kirkland & Ellis, Bermuda Monetary Authority, EY, Goslings, BDA, Hyperexponential, Partnership, Food, MP, NAIC, Transport, Recreation, Risk, SS&C, JP, KPMG, Bank, Tourism, Financial services, Demotech

The Bermuda Business Development Agency (BDA) is pleased to announce that its second annual Bermuda Risk Summit, held from March 6-8, attracted 450 attendees, including over 150 business visitors.

Key Points: 
  • The Bermuda Business Development Agency (BDA) is pleased to announce that its second annual Bermuda Risk Summit, held from March 6-8, attracted 450 attendees, including over 150 business visitors.
  • The Bermuda Risk Summit creates long-term business development growth potential, in terms of deal-making opportunities occurring around the event in front of an extremely important June 1/July 1 renewal season for Bermuda’s reinsurance sector.
  • This figure includes approximately 100+ additional visitors who flew to Bermuda for business meetings or ancillary events taking place this week around the Bermuda Risk Summit.
  • Bermuda Risk Summit kicked-off with a keynote conversation with Bermuda’s Premier, The Hon.

DEI Trailblazers to Be Honoured at Bermuda Risk Summit

Retrieved on: 
Thursday, February 23, 2023
Consulting, Start-Up, Professional Services, Women, Business, DEI (Diversity, Equity and Inclusion), Fintech, Insurance, Thought Leadership, Consumer, Finance, SS, Bermuda College, Government, AM Best, SS&C Technologies, NAIC, National Association, Restaurant, Hamilton, Woman, Partnership, Kirkland & Ellis, Bermuda Monetary Authority, NOTE, Bank, BMA, JP, Goslings, BDA, Trailblazer, SS&C, KPMG, MP, Federal Reserve, Grand Central Oyster Bar & Restaurant, National Association of Insurance Commissioners, Hon, Hamilton Princess & Beach Club, Missouri Department of Social Services, ACRE, Student, DEI, EY, Commerce, Network, Gold, Equity, Wire, Financial services, Hyperexponential, Demotech

Two Diversity, Equity and Inclusion (DEI) Trailblazers will be honoured at the second annual Bermuda Risk Summit, presented by the Bermuda Business Development Agency (BDA), in partnership with the Association of Bermuda Insurers and Reinsurers (ABIR), EY and Gallagher Re.

Key Points: 
  • Two Diversity, Equity and Inclusion (DEI) Trailblazers will be honoured at the second annual Bermuda Risk Summit, presented by the Bermuda Business Development Agency (BDA), in partnership with the Association of Bermuda Insurers and Reinsurers (ABIR), EY and Gallagher Re.
  • We are sure to have something of interest for everyone in our dynamic agenda of world-class speakers.
  • The BDA encourages direct investment and helps companies start up, re-locate, or expand their operations in our premier jurisdiction.
  • An independent, public-private partnership, we connect you to industry professionals, regulatory officials, and key contacts in the Bermuda government to assist domicile decisions.

Demotech Summarizes Major Legislative Reforms Impacting Florida Residential Property

Retrieved on: 
Tuesday, February 21, 2023
AOB, Insurance, House, DCA, Negotiation, Florida Building Code, Hurricane Irma, Policy, Education, Notice, Senate, Property insurance, Property management, Cryptocurrency, Family, Demotech

COLUMBUS, Ohio, Feb. 21, 2023 /PRNewswire/ -- Since 1996, Demotech, Inc. has reviewed and rated insurers focused on Florida's residential property insurance marketplace.

Key Points: 
  • COLUMBUS, Ohio, Feb. 21, 2023 /PRNewswire/ -- Since 1996, Demotech, Inc. has reviewed and rated insurers focused on Florida's residential property insurance marketplace.
  • Given the upcoming 2023 catastrophe reinsurance renewals of residential property insurers focused on Florida, the reforms enacted through the tenacity and determination of the Governor and the legislative leadership in conjunction with additional considerations offered for the upcoming 2023 session necessitates objective education on the legislative changes that have been made to redefine the Florida residential property insurance marketplace.
  • In December 2022, the legislature eliminated statutory one-way attorney's fee shifting in residential as well as commercial property lawsuits.
  • Petrelli concludes, "The legislative reforms of the dual special sessions of 2022 are in place, as is the cumulative impact of previous legislative reforms.

Berkley Re Solutions Partners With Barton Mutual Insurance Company to Launch Nation’s First Personal Insurance Product Line for Violent Events

Retrieved on: 
Tuesday, February 7, 2023
Insurance, Human Resources, Women, Finance, Men, Professional Services, Small Business, Consumer, Other Professional Services, Republika Srpska official football team, Violence, W. R. Berkley Corporation, Feedback, Sale, Partnership, Main Street, Demotech

Berkley Re Solutions today announced a partnership with Barton Mutual Insurance Company to introduce a first-of-its-kind coverage for individuals and families who experience traumatic events.

Key Points: 
  • Berkley Re Solutions today announced a partnership with Barton Mutual Insurance Company to introduce a first-of-its-kind coverage for individuals and families who experience traumatic events.
  • Barton Mutual Insurance Company—which provides property and casualty insurance throughout Missouri—will be the first company in the nation to offer this type of coverage to their personal lines policyholders as an endorsement to their homeowner’s coverage forms.
  • “This dynamic and innovative product offers peace of mind to individuals in today’s trying times, and we are pleased to work with Berkley Re Solutions in delivering it to market,” said Barton Mutual Insurance Company President, Brian King.
  • Berkley Re Solutions is a member of W. R. Berkley Corporation, whose insurance company subsidiaries are rated A+ XV by A.M. Best.

Gallagher Re Joins ABIR and EY as 2023 Bermuda Risk Summit Headline Sponsors

Retrieved on: 
Friday, February 3, 2023
Banking, Professional Services, Insurance, Finance, EVP, Food, BDA, AIG, Sustainability, Convex, Partnership, Regulation, SS&C, Bank of England, AXA, Risk, Kirkland & Ellis, Aon, KBRA, National Association of Insurance Commissioners, Bermuda Monetary Authority, Transport, Everest Re, Parable of those who associate partners with God, Aspen, EY, Bank, Hyperexponential, PCS, SVP, Demotech, National Association, Hamilton Princess & Beach Club, AM Best, Spectra, CRT, KPMG, Chief sustainability officer, Recreation, Goslings, BMA, Financial services, Management, Limited, Policy

The Bermuda Business Development Agency (BDA) is pleased to announce that Gallagher Re has joined the Association of Bermuda Insurers and Reinsurers (ABIR) and EY as headline sponsors of the second annual Bermuda Risk Summit.

Key Points: 
  • The Bermuda Business Development Agency (BDA) is pleased to announce that Gallagher Re has joined the Association of Bermuda Insurers and Reinsurers (ABIR) and EY as headline sponsors of the second annual Bermuda Risk Summit.
  • Adam Schwebach, Executive Vice President, Gallagher Re, said, “Gallagher Re is proud to support the second Bermuda Risk Summit, an annual event that showcases the breadth and versatility of Bermuda’s globally significant risk market.
  • The theme of the 2023 Bermuda Risk Summit, being held from March 6-8, 2023, at the Hamilton Princess & Beach Club is ‘Innovation, Sustainability and Collaboration.
  • Please use the booking code: ‘Bermuda Risk’ to take advantage of the preferred rate.

Slide Acquires Florida Renewal Rights and Intellectual Property From UPC Insurance

Retrieved on: 
Wednesday, February 1, 2023
Data Analytics, Professional Services, Residential Building & Real Estate, Construction & Property, Insurance, Data, Florida Legislature, Intellectual property, Acquisition, Demotech, UPC Insurance, UPC, Big data, TIV, Property insurance, Slide

Slide Insurance , the full-stack insurtech focused on providing affordable, effective homeowners coverage, today announced it has acquired the exclusive renewal rights for over 91,400 Florida homeowners insurance policies from UPC Insurance , a property and casualty insurance company headquartered in Florida.

Key Points: 
  • Slide Insurance , the full-stack insurtech focused on providing affordable, effective homeowners coverage, today announced it has acquired the exclusive renewal rights for over 91,400 Florida homeowners insurance policies from UPC Insurance , a property and casualty insurance company headquartered in Florida.
  • Thereafter, Slide will issue renewal policies using Slide’s forms and rates, similar to what it did in the St. Johns transaction last year.
  • Early this month, Slide also announced that it opened in Florida for new business for the first time.
  • Slide also acquired UPC’s intellectual property and a dataset of over $1 trillion Total Insured Value (TIV).

Bermuda Risk Summit 2023 – 27 January Last Chance to Secure Early Bird Rate

Retrieved on: 
Thursday, January 26, 2023
Professional Services, Insurance, Finance, EVP, BDA, Sustainability, Convex, Partnership, Regulation, SS&C, Bank of England, MP, AXA, Risk, Hon, Kirkland & Ellis, Limited, Aon, KBRA, National Association of Insurance Commissioners, Bermuda Monetary Authority, Parable of those who associate partners with God, Aspen, EY, Bank, SS, Hyperexponential, PCS, SVP, Demotech, National Association, Hamilton Princess & Beach Club, AM Best, Spectra, Chief sustainability officer, JP, Lunch, BMA, Nightclub, Financial services, Management, Policy

Potential attendees of the Bermuda Business Development Agency’s (BDA) second annual Bermuda Risk Summit, being held at the Hamilton Princess & Beach Club from March 6-8, are reminded the early bird registration price will end tomorrow, Friday, 27 January.

Key Points: 
  • Potential attendees of the Bermuda Business Development Agency’s (BDA) second annual Bermuda Risk Summit, being held at the Hamilton Princess & Beach Club from March 6-8, are reminded the early bird registration price will end tomorrow, Friday, 27 January.
  • Included in the early bird price are keynote breakfasts, networking breaks and lunches, an evening seaside soiree, and an island lunch cruise.
  • Please use the booking code: ‘Bermuda Risk’ to take advantage of the preferred rate.
  • The overall theme of the 2023 Bermuda Risk Summit is ‘Innovation, Sustainability and Collaboration.'