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The National Association of Professional Insurance Agents said members have not received adequate training for the new system.
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It will now take just three business days for such insurers to become registered on The Island. -
Huge disputes over aggregation of claims and ongoing coverage disputes point to uncertain overall exposures.
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Environmental, social and governance (ESG) factors were the primary driver in 13% of ratings actions in the year to the end of March, according to AM Best.
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The new adjustments will increase rates 7.6% on average after February 1, 2022.
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A federal judge finds that a new law banning contractors from advertising that insurance may cover roof repairs unconstitutional.
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The brokers have offered to divest Willis’ largest corporate risk and broking clients to Gallagher’s Crombie Lockwood.
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The Commerce Commission has extended its review of the merger by another six weeks.
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The CCCS has identified competition concerns around executive pay consulting services.
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As new regulations on climate risk disclosures are developed, insurance industry argues for a measured approach.
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Local executives expect the island to weather global reform efforts in light of Bermuda’s other advantages and the time it will take to implement minimum tax levels.
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The news marks the second year in a row members have ceded more than $1bn in risk to the Caribbean Catastrophe Risk Insurance Facility.
