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How would you characterise the health of the captive insurance market in Bermuda? If you ask a panel of captive insurance experts for their views on the industry in Bermuda, you are likely to get different responses. But when they come together, a cl...

Convex Insurance has responded to Wednesday’s demonstration by the UK activist group, Market Forces, which is protesting the refusal by Convex to rule out providing insurance cover to a $16-billion Australian coalmine by Convex. Market Forces staged ...

DARAG Group, the legacy specialist, has entered into a stock purchase agreement and received the relevant regulatory approval for the purchase of a Texas-based insurer in run-off, it announced today. DARAG said it would look to use this insurer as it...

A major US insurer has successfully closed a $160 million 144A catastrophe bond completed through a newly established, Bermudian-based special purpose insurer. Farmers Insurance Exchange said that it and its subsidiaries and affiliates comprising the...

The Ministry for the Cabinet Office released the September 2021 Consumer Price Index (CPI) from the Department of Statistics. In summary, during September 2021 consumers paid 2.2 per cent more than they did in September 2020 for the basket of goods a...

Christian Dunleavy has been appointed to the newly-created position of group chief underwriting officer at Aspen. Mark Cloutier, executive chairman and group chief executive officer of Aspen Insurance Holdings, announced Mr Dunleavy’s appointment and...

National Security Agency/Central Security Service – December 22 – WASHINGTON – The Cybersecurity and Infrastructure Security Agency (CISA), along with the Federal Bureau of Investigation (FBI), National Security Agency (NSA), Australian Cyber Securit...

Bermudian-based reinsurer Ariel Re has sponsored a 144A index-triggered catastrophe bond issued by Bermuda special purpose insurer Titania Re Ltd. The company said Titania Re will provide $175 million of multiyear collateralised reinsurance cover to ...

SiriusPoint Ltd, the Bermudian-headquartered global specialty re/insurer, has announced a strategic investment in PolicyMe Corp, a digital life insurance provider specialising in Canadian individual term life insurance. The company said PolicyMe aims...

Banyan Risk Ltd, the managing general agent that set up in Bermuda this summer, is to launch its first international subsidiary in Canada. Banyan underwrites directors’ and officers’ insurance risk solutions in complex risk areas including life scien...