{"id":830502,"date":"2025-02-27T09:00:15","date_gmt":"2025-02-27T15:00:15","guid":{"rendered":"https:\/\/plusweb.org\/?p=830502"},"modified":"2025-02-27T09:00:20","modified_gmt":"2025-02-27T15:00:20","slug":"a-bermuda-market-update-webinar-recap","status":"publish","type":"post","link":"https:\/\/plusweb.org\/news\/a-bermuda-market-update-webinar-recap\/","title":{"rendered":"A Bermuda Market Update Webinar Recap"},"content":{"rendered":"<p>The Bermuda (re)insurance market continues to be a key player in the global marketplace, alongside financial hubs like New York, Chicago, London, and Singapore. Below are some key insights from the recent webinar that explored Bermuda\u2019s current market focus:<\/p>\n<p><strong>Market Overview: Trends &amp; Emerging Exposures<\/strong><\/p>\n<p>The webinar delved into the current state of the Bermuda market, highlighting key underwriting and claims trends. Attendees learned about the emerging risks and evolving exposures that are shaping the market, including the drivers behind these shifts. This included a focus on how the landscape is adapting to both ongoing and new challenges.<\/p>\n<p><strong>Navigating Coverage Features &amp; Client Expectations<\/strong><\/p>\n<p>As the market evolves, understanding the latest coverage features is crucial. The webinar emphasized strategies for managing client expectations, especially in a dynamic environment where insurance offerings are continuously changing. It\u2019s essential for brokers and insurers to stay updated on the latest policy features and ensure clear communication with clients.<\/p>\n<p><strong>The Future of the Bermuda Market<\/strong><\/p>\n<p>Looking ahead, the session explored where the Bermuda market is headed. Experts discussed predictions for the future, addressing potential developments in underwriting practices, regulatory adjustments, and emerging opportunities. This forward-looking perspective is invaluable for those planning long-term strategies in the market.<\/p>\n<p><strong>What Sets Bermuda Apart<\/strong><\/p>\n<p>The uniqueness of Bermuda\u2019s insurance market was a major highlight, with a focus on specialized lines such as EPL, DIC, HPL, Fiduciary, Crime, and E&amp;O coverage. These niche markets differentiate Bermuda from other global hubs and provide valuable opportunities for both insurers and clients seeking tailored solutions.<\/p>\n<p>This webinar provided a comprehensive update, helping industry professionals better understand current dynamics and prepare for the future of Bermuda\u2019s (re)insurance market.<\/p>\n<p>To listen to this webinar recording, log in to the PLUS Learning Center and visit our content library.<\/p>\n<p><a class=\"button\" href=\"https:\/\/learn.plusweb.org\/2025-webinars\">Login Here<\/a><\/p>\n<p>If you haven\u2019t done so yet, get exclusive access to PLUS webinars and on-demand recordings with a free membership now.<\/p>\n<p><a class=\"button\" href=\"https:\/\/plusweb.org\/become-a-member\/membership-benefits\/\">Become a Member<\/a><\/p>\n<p>Meet the Speakers<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-535697 alignleft\" src=\"https:\/\/plusweb.org\/wp-content\/uploads\/2024\/12\/Leona_Lik_Headshot.png\" alt=\"Headshot of Leona Lik\" width=\"249\" height=\"249\" srcset=\"https:\/\/plusweb.org\/wp-content\/uploads\/2024\/12\/Leona_Lik_Headshot.png 600w, https:\/\/plusweb.org\/wp-content\/uploads\/2024\/12\/Leona_Lik_Headshot-300x300.png 300w\" sizes=\"auto, (max-width: 249px) 100vw, 249px\" \/><\/p>\n<p><strong>Leona Lik<\/strong> is an experienced insurance leader in global broking, underwriting strategy and product development with a demonstrated history of success within the financial lines industry. She is skilled in strategic marketing and placement of large, complex insurance programs in the Financial and Professional Services industries. Leona&#8217;s areas of specialty include Directors &amp; Officers, Employment Practices, Wage &amp; Hour, Fiduciary, Crime, Cyber and Errors &amp; Omissions Insurance products in the U.S., Bermuda and London markets in both retail and wholesale capacities. Leona graduated with a Bachelor of Science in International Business and Marketing, with a minor in Sociology from New York University &#8211; Leonard N. Stern School of Business.<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-535695 alignleft\" src=\"https:\/\/plusweb.org\/wp-content\/uploads\/2024\/12\/Margot_Greene_Headshot.png\" alt=\"Headshot of Margot L. Green\" width=\"251\" height=\"251\" srcset=\"https:\/\/plusweb.org\/wp-content\/uploads\/2024\/12\/Margot_Greene_Headshot.png 600w, https:\/\/plusweb.org\/wp-content\/uploads\/2024\/12\/Margot_Greene_Headshot-300x300.png 300w\" sizes=\"auto, (max-width: 251px) 100vw, 251px\" \/><\/p>\n<p><strong>Margot Green<\/strong> is Managing Director, Claims at Markel Bermuda. Heading up the company&#8217;s Specialty International Claims unit, she oversees Casualty, Professional Liability, and Property claims teams located in both Bermuda and in London that support numerous product lines, including Excess Liability, Construction, Healthcare, EPL\/WH, DO\/FI, EO, and Commercial Property, among others.<\/p>\n<p>Prior to joining Markel in 2016, Margot spent over 10 years at the law firm of Crowell &amp; Moring in Washington, DC, where she practiced insurance law and specialized in complex coverage litigation and disputes. With a strong understanding of US litigation and insurance legal theory, she shifted focus to the business side of the industry to pursue a career in claims management in Bermuda.<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-535699 alignleft\" src=\"https:\/\/plusweb.org\/wp-content\/uploads\/2024\/12\/Paul_Scope_Headshot.png\" alt=\"Headshot of Paul Scope\" width=\"249\" height=\"249\" srcset=\"https:\/\/plusweb.org\/wp-content\/uploads\/2024\/12\/Paul_Scope_Headshot.png 600w, https:\/\/plusweb.org\/wp-content\/uploads\/2024\/12\/Paul_Scope_Headshot-300x300.png 300w\" sizes=\"auto, (max-width: 249px) 100vw, 249px\" \/><\/p>\n<p><strong>Paul Scope<\/strong>, an established 40-year veteran of the Bermuda brokerage marketplace, Paul is the Chief Executive Officer of Acrisure Bermuda Limited. Previously, Mr. Scope joined Corant Global from Willis Bermuda where he has been chairman since 2015. Prior to that, Mr. Scope founded Park International where he served as President and CEO for more than a decade, becoming Chairman of The Park Group in 2003. He was appointed Chairman and CEO of JLT Park Bermuda after the business was acquired by JLT in 2007.<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-535701 alignleft\" src=\"https:\/\/plusweb.org\/wp-content\/uploads\/2024\/12\/Aileen_Smith_Headshot.png\" alt=\"Headshot of Aileen Smith\" width=\"250\" height=\"250\" srcset=\"https:\/\/plusweb.org\/wp-content\/uploads\/2024\/12\/Aileen_Smith_Headshot.png 600w, https:\/\/plusweb.org\/wp-content\/uploads\/2024\/12\/Aileen_Smith_Headshot-300x300.png 300w\" sizes=\"auto, (max-width: 250px) 100vw, 250px\" \/><\/p>\n<p><strong>Aileen Smith<\/strong>, Senior Vice President Professional Lines, joined Allied World as the product leader for Employment Practices Liability and Wage and Hour Liability in March 2017 and now oversees all Professional Lines Coverages within the group, including D&amp;O, EPLI, Cyber and Errors and Omissions. Prior to joining Allied World, Aileen was a Senior Vice President at Beecher Carlson where she managed the Professional Lines book of business.\u202f Before joining Beecher Carlson, Aileen was a Vice President in the Professional Lines department at XL Bermuda where she managed a book of primary and excess EPLI and D&amp;O business.\u202f Aileen also spent 4 years at Marsh Bermuda as a Senior Vice President Professional Lines broking Fotune 1000 business.\u202f Prior to moving to Bermuda, Aileen was a retail broker at Marsh Boston.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bermuda (re)insurance market continues to be a key player in the&hellip;<\/p>\n","protected":false},"author":2523,"featured_media":1002182,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[1374,1384],"tags":[1375],"business-line":[41,42,44,43,45,1364],"post-type":[49],"topic":[29],"class_list":{"0":"post-830502","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-professional-liability-insurance","8":"category-recaps","9":"tag-professional-liability-insurance","10":"business-line-cyber-liability","11":"business-line-directors-and-officers-do","12":"business-line-employment-practices-liability-epl","13":"business-line-errors-and-omissions-eo","14":"business-line-healthcare-and-medical-pl","15":"business-line-risk-manager-insurance-buyer","16":"post-type-plus-blog","17":"topic-professional-liability-pl-insurance","20":"post_tag-professional-liability-insurance"},"acf":[],"_links":{"self":[{"href":"https:\/\/plusweb.org\/wp-json\/wp\/v2\/posts\/830502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/plusweb.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/plusweb.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/plusweb.org\/wp-json\/wp\/v2\/users\/2523"}],"replies":[{"embeddable":true,"href":"https:\/\/plusweb.org\/wp-json\/wp\/v2\/comments?post=830502"}],"version-history":[{"count":3,"href":"https:\/\/plusweb.org\/wp-json\/wp\/v2\/posts\/830502\/revisions"}],"predecessor-version":[{"id":946804,"href":"https:\/\/plusweb.org\/wp-json\/wp\/v2\/posts\/830502\/revisions\/946804"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/plusweb.org\/wp-json\/wp\/v2\/media\/1002182"}],"wp:attachment":[{"href":"https:\/\/plusweb.org\/wp-json\/wp\/v2\/media?parent=830502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/plusweb.org\/wp-json\/wp\/v2\/categories?post=830502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/plusweb.org\/wp-json\/wp\/v2\/tags?post=830502"},{"taxonomy":"business-line","embeddable":true,"href":"https:\/\/plusweb.org\/wp-json\/wp\/v2\/business-line?post=830502"},{"taxonomy":"post-type","embeddable":true,"href":"https:\/\/plusweb.org\/wp-json\/wp\/v2\/post-type?post=830502"},{"taxonomy":"topic","embeddable":true,"href":"https:\/\/plusweb.org\/wp-json\/wp\/v2\/topic?post=830502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}