Markets Recent Stories Reinsurance Markets REINSURANCE/ILS WRIN.tv Newswire “Healthy” Bermuda market opportunistic as it fights “protectionism” – ABIR CEO John Huff, President and CEO of the Association of Bermuda Insurers and Reinsurers (ABIR) discusses the health of the Bermuda market, as well as the challenges and opportunities he sees going forward. According to Mr. Huff, the Bermuda market is “very healthy.” The market is thriving even after the significant natural catastrophes of 2017 and 2018 “nat cats” including Hurricane … Read More
INDUSTRY NEWS Legislation/Regulation Markets Reinsurance Markets WRIN.tv Newswire Does Brexit / U.S. election signal unraveling of belief that “international trade is good”? – ABIR CEO. WRIN.tv catches up with Bradley Kading, President and Executive Director of the Association of Bermuda Insurers and Reinsurers (ABIR), to discuss the state of the Bermuda (re)insurance market, international concerns over Brexit and the U.S. presidential election, and opportunities he sees on the horizon. The Bermuda market suffered from soft pricing in 2016, with the ability to earn a profit … Read More
FEATURED ILS & Capital Markets INDUSTRY NEWS Legislation/Regulation Recent Stories Reinsurance Markets ABIR’s Brad Kading on Bermuda after 2014 hurricanes, regulation, new capital, growth and more. World Risk and Insurance News spoke with Brad Kading, President & Executive Director of the Association of Bermuda Insurers and Reinsurers (ABIR), during the recent Joint Industry Forum in New York. He discussed the impact of the tropical storms that hit the island in October 2014, Bermuda’s efforts to seek Solvency II equivalence, NAIC designation of Bermuda as a “qualified … Read More
P&C Residual markets and penetration in developing markets offer growth opportunities Brad Kading, President of ABIR, sees growth in the U.S. coming from shifts in business from State residual insurance markets (i.e. Florida and Texas). According to Mr. Kading, Reinsurers would like to take on risk coming from the National Flood Insurance Program, (NFIP). Guy Carpenter estimates that $9-12 billion in capacity might be available from the NFIP. In the UK, … Read More
Reinsurance Markets Industry needs to grow demand to put new capital to work World Risk and Insurance News spoke with Brad Kading, President & Executive Director of the Association of Bermuda Insurers and Reinsurers (ABIR), during the recent Joint Industry Forum in New York. According to Brad Kading , President of the Association of Bermuda Insurers and Reinsurers, ABIR members believe the influx of new capital into the market is a long-term change … Read More
Legislation/Regulation NAIC ‘s “Reinsurance Modernization” certification facilitates Bermuda trade/enhances reputation World Risk and Insurance News spoke with Brad Kading, President & Executive Director of the Association of Bermuda Insurers and Reinsurers (ABIR), during the recent Joint Industry Forum in New York. Under the NAIC’s Reinsurance Regulatory Modernization Framework, reinsurers in certified jurisdictions may conduct cross-border trades under an expedited approval process and lower collateral requirements. According to ABIR President Brad … Read More
Legislation/Regulation Bermuda is well-suited for Solvency II equivalence, but EIOPA & EC remain ahead World Risk and Insurance News spoke with Brad Kading, President & Executive Director of the Association of Bermuda Insurers and Reinsurers (ABIR), during the recent Joint Industry Forum in New York. He discussed the impact of the tropical storms that hit the island in October 2014, Bermuda’s efforts to seek Solvency II equivalence, NAIC designation of Bermuda as a “qualified … Read More
Claims Management Community spirit and strong building codes help Bermuda recover from hurricanes. Bermuda experienced two hurricanes in one week during October of 2014. According to Brad Kading, President & Executive Director of ABIR (Association of Bermuda Insurers and Reinsurers), it was an “exercise in resilience.” As an island country, there is little others can do to assist. He reports of a great “community spirit” that helped with the clean-up. Building codes are … Read More
