Topic: Island Heritage Insurance
O’Dea named Island Heritage board chairman
Gavin Arton retired as chairman of the board of Island Heritage Insurance on March 19. Arton has served as a director and chairman of the company since 2012.
Island Heritage appoints new chief underwriting officer
Evelyn Tibbetts-Farrar has been appointed chief underwriting officer of Island Heritage Insurance.
Island Heritage’s rating confirmed
Rating agency A.M. Best has affirmed the financial strength rating of A (Excellent) for Island Heritage Insurance, together with the financial strength ratings of all main insurance operating companies of parent company BF&M Limited.
New CIMA board member appointed
Cayman’s financial regulatory agency has appointed retired insurance company executive Garth MacDonald to its board of directors.
Business in brief
A roundup of local business briefs.
Business in brief
Business briefs
Island Heritage boosts parent BF&M results
The 2013 performance of Island Heritage has helped parent company BF&M to a shareholders’ net income of $25.2 million for the year.
Motorists fuel charity drive
Motorists who drive past the Island Heritage roundabout will help donate to local charities.
Island Heritage buys Atlantic Star House
Island Heritage purchased the three-storey commercial building off Lawrence Boulevard.
Charities drive away winners
CharityDrive has another successful year.
Charity Drive benefits three
Island Heritage will once again be holding the three day Charity Drive on 16, 17 and 18 April
Editorial for 16 April: Take a drive and help out charity
Readers are urged to drive around Island Heritage Roundabout to help raise money for charities.
Island Heritage ‘Charity Drive’ 2013 beginning on 16 April
Three local charitable organisations stand to receive up to $10,000 each from Island Heritage Insurance Company as a result of the three day Charity Drive
Business in brief
Business in brief
Island Heritage gives back in community service month
During the month of February, the staff of Island Heritage Insurance Company, Ltd embarked on a company-wide internal initiative, Service Month.
40 exhibitors sign on with Chamber’s Expo
For 20 years, the Cayman Islands Chamber of Commerce Business Expo has established itself as the premier event for local businesses to showcase themselves to residents.
That’s Island living
The Island Living Show opens on Friday, July 29 at the ARC in Camana Bay. A variety of exhibitors will be on hand to provide information, advice and will also be offering great deals and prize draws.
Island Heritage rating confirmed
Rating agency A.M. Best Co affirmed a stable outlook for Island Heritage Insurance Company, Ltd. headquartered in the Cayman Islands, with ratings of A- (excellent) for financial strength and an issuer credit rating of “a-”.
Community cleans up Cayman
More companies participate in Earth Day.
Visitors want it to run and run
Marathon follow up
All set for the marathon slog
Marathon preview
Visitors treasure our big run
Cayman Marathon run preview
Volunteers help it run smoothly
Volunteers wanted for the Cayman
Marathon.
BYO bra a creative success
Bring Your Own Bra Workshop enjoys
a healthy turnout.
Butterfield announces small second quarter profit
After an extensive recapitalisation involving a capital raise and a rights offering earlier this year Bank of Butterfield continued its recovery in a difficult market environment.
Prizes up for grabs at Texaco
Texaco is giving away prizes in a new promotion.
BAICO property policy holders offered alternative
The Controllers of BAICO have announced that they have come to an arrangement with Island Heritage Insurance in order to protect existing BAICO property insurance policy holders.
Effective Communications
The Professional Development & Training Centre, a division of the Chamber of Commerce, recently offered a two day "Communicating Effectively" course conducted by facilitator Terry Carson.
Contractors set Brac rates
The Cayman Contractors Association signed an agreement with government Monday to provide construction work at standardised rates for repairs to damage caused by the passing of Hurricane Paloma.
Insurance an issue on Brac
Although the figures are not yet definite, many Cayman Brac homeowners appear to be either uninsured or underinsured for property damage caused by Hurricane Paloma.
Insurance averaging said unavoidable
There are few options available to insurers other than using claims averaging on underinsured properties.
Insurance rates edge down
Slowly but surely, property insurance premium rates in the Cayman Islands are going down after the sharp increase caused by Hurricane Ivan in September 2004.
Island Heritage has new CEO
Cayman-based property insurer Island Heritage Insurance Company Ltd. has a new chief executive officer.
Insurers busy before cut-off
Cayman's home insurers stayed busy as Hurricane Dean approached. Insurers started closing off for new business and increases in coverage on Thursday. Rob Stewart, chief underwriting officer at Island Heritage Insurance said his company experienced an increase in requests for insurance,
Insurance broker launched
Island Heritage Holdings Limited has launched Caribbean Risk Services Ltd., a Cayman Islands insurance broker committed to providing professional insurance services to the public and business community
Strategizing for success
The 19 April Stratagize conference marked a Cayman first, bringing together representatives from the legal, real estate and government sectors to for a full day of insight into all things strata at the Marriott Beachfront.
Conference addresses strata reform
Last week's Stratagize conference brought together some of the finest minds in the legal, real estate and government sectors at Cayman's first Strata conference, held 19 April at the Marriott Beachfront.
Strata conference set
There are many challenges that strata owners face in the Cayman Islands that are made even more complicated due to outdated legislation or strata by-laws.
Conference to address strata issues
For many individuals or businesses in the Cayman Islands, the choice of property location or property investment is a strata or condominium-style property.
Insurance rates still up
Last year's uneventful hurricane season in the Caribbean region will not significantly reduce home insurance rates in the Cayman Islands in 2007.
Island Heritage celebrates 10 years
Island Heritage Insurance celebrated its tenth anniversary with a reception at the Grand Old House on Tuesday. Established in the Cayman Islands in 1996, Island Heritage also now has operations through a network of licensed agents and brokers, in Anguilla
Island Heritage turns 10
Cayman's Island Heritage Insurance Company is celebrating its 10th anniversary this year.
Insurance rates rising
Recent changes in catastrophe models and higher accident awards are leading to higher priced reinsurance rates, which are in turn leading to rising property and automobile insurance rates in the Cayman Islands.
Storm could hike insurance
Hurricane Katrina, which pummelled the United States Gulf Coast with winds up to 150 mph could make insurance rates rise here even higher than the current post-Ivan levels.
Loss adjusting changes urged
The Cayman Islands Monetary Authority's report released last month concerning the local insurance industry in the aftermath of Hurricane Ivan recommended several changes in the way loss claims are done here.
Butterfield Bank income up
Bank of N.T. Butterfield & Son Limited, the parent company of Butterfield Bank (Cayman) Limited, has reported net income for the second quarter ended 30 June 2005 of $30.1 million, up 47.7 per cent year on year.
Indexed insurance recommended
The recently released report of the Cayman Islands Monetary Authority recommends indexing home insurance to reflect rising building costs as a way of preventing averaged settlements caused by under-insurance.
Island Heritage rating outlook is stable
The A.M. Best Company said last Wednesday the A- (Excellent) financial strength rating of Island Heritage Insurance Company Ltd. remained unchanged after the recent announcement that ACE Bermuda Insurance Ltd. had purchased a 10-per-cent stake of its shares.
ACE takes 10 per cent share of IHI
Island Heritage Insurance has reassuring news for Cayman Islands' residents whose confidence in the local insurance industry was shaken by Hurricane Ivan.
Island Heritage’s rating affirmed
The international insurance rating company A.M. Best announced yesterday it has affirmed the financial strength rating of A- (Excellent) of Cayman's Island Heritage Insurance Company.
Insurance rating downgraded
A well known worldwide insurance rating company announced Thursday it is downgrading the financial strength rating of Cayman General Insurance Company Limited from A (Excellent) to B (Fair).
