Bermuda: World's Climate Risk Capital
For decades, Bermuda's unique re/insurance market has played a lead role in protecting the world against the devastating impact of catastrophic events. Time and again, the market has delivered to consumers whose lives have been upended. Follow how Bermuda is now becoming the World's Climate Risk Capital.
Supporting Consumers in Times of Catastrophe
When disaster strikes, the public face of recovery is often insurance companies. Backing up these companies are reinsurers.
In 2022, ABIR member companies employed 91 interns demonstrating their commitment to investing in the training and development of a vibrant, local workforce in Bermuda.
Diversity, Equity and Inclusion
We believe promoting and supporting inclusiveness and embracing diversity is a business imperative, good for our industry and helps to make better businesses and better places to work. ABIR strongly supports and encourages diversity and inclusion at all levels of the insurance industry.
With headquarters and operations in Bermuda and with operating subsidiaries in the United States and Europe, ABIR members protect consumers in more than 150 countries around the world.
Supporting Consumers in Times of Catastrophe
The Association of Bermuda Insurers and Reinsurers (ABIR) represents the public policy interests of international insurers and reinsurers that protect consumers around the world.
Registration is now open: ‘Special Topics in insurance: Foundations of Bermuda’s International Re/Insurance Sector.’ ABIR underwrites this course at no cost to participants. Every Monday from January 16th, 2023, on Zoom, starting at 6 pm.
Bermuda's re/insurance community again joined cities worldwide to lead discussions to encourage diversity and inclusion in the workplace and bring about fundamental changes in the industry.
On the eve of the 30th anniversary of Hurricane Andrew's landfall in Florida, one of the nation's costliest and most consequential natural disasters in history, the American Property Casualty Insurance Association (APCIA), the Reinsurance Association of America (RAA), the Association of Bermuda Insurers and Reinsurers (ABIR), and Robert Hartwig, Ph.D., CPCU published a joint paper," It's Not Just the Weather: The Man-Made Crises Roiling Property Insurance Markets."
To add value to the work experience gained with the island’s leading international re/insurance companies, ABIR is facilitating an Intern Working Group to give the young Bermudians opportunities to network, interact and learn skills that will help them to navigate their way into the industry.
Bermuda can lead the world in tackling the challenges of climate risk, a leading insurance executive told a sold-out audience at the inaugural Bermuda Climate Summit yesterday.
“Disruptive” and an “overuse of market power” is how the Association of Bermuda Insurers and Reinsurers (ABIR) described the measure in an 18-page letter to S&P, which has requested comments by April 29 on its proposed methodology and assumptions for analyzing the risk-based capital adequacy of insurers and reinsurers.
As the consultation period for S&P Global Ratings’ new insurer risk-based capital adequacy model draws to a close, John Huff, president and CEO of the Association of Bermuda Insurers and Reinsurers (ABIR), has warned the proposals diverge from the requirements of different regulatory regimes.
The Association of Bermuda Insurers and Reinsurers (ABIR) is strongly opposing a proposal by Standard & Poor’s Global Ratings to disallow senior debt as a form of available capital, calling the draft plan “disruptive” and an “overuse of market power.”
ABIR Chair & Arch Capital Group Ltd CEO Marc Grandisson, ABIR Officers & ABIR Board members along with Special Invited Guests at ABIR Reception during the 2022 Bermuda Risk Summit
ABIR, Bermuda College, St. John’s University partner to offer open-to-all insurance course for second year
Diversity, equity and inclusion at heart of effort to attract next generation of industry leaders
The Association of Bermuda Insurers and Reinsurers (ABIR) today announced that the popular foundational insurance course offered earlier this year in partnership with Bermuda College and New York’s St. John’s University, will be offered for a second year in the Spring of 2022.
Bermuda international companies fund the purchase of COVID-19 lateral flow test devices for public school students
Bermuda’s international business community has joined forces to contribute approximately $281,000 towards the cost of antigen lateral flow COVID-19 test devices for public school students.
Bermuda’s reinsurers provided 35% of terrorism reinsurance capacity to UK’s Pool Re in 2020.