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
