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Reinsurers rank climate change as the top risk facing the global insurance industry, a survey by the professional services firm PwC has revealed. The organisation said that many respondents to its Insurance Banana Skins 2021 Survey pointed to a sharp...

Bermuda-based PartnerRe has declared large catastrophe losses. Net of retrocession and reinstatement premiums were $297 million for the third quarter of 2021, and $417 million for the first nine months of the year. Loss estimates for winter storm Ur...

Industry veteran Simon Arnott has been appointed senior vice-president in the Bermuda office of Acrisure Re, the insurance broking and corporate risk advisory firm. Mr Arnott will report to Clark Hontz, president of Acrisure Re Bermuda. Mr Arnott wil...

Compre, the international specialist legacy group with an operation in Bermuda, has completed the acquisition of a $417-million legacy liability portfolio of SiriusPoint Ltd, the Bermuda-headquartered global specialty re/insurer, having received all ...

Miami International Holdings Inc, owners of the Bermuda Stock Exchange, are among the lead investors in an oversubscribed $4.1 million seed round of New York-based Options AI, which calls itself a unique brokerage platform putting option spreads in t...

After a two-year absence, Bermuda’s reinsurance industry will join colleagues, associates, clients and competitors in Monte Carlo next September. The Rendez-Vous de Septembre (RVS), a September tradition since 1957, is back after the pandemic hiatus....

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of Bermuda-registered International General Insurance Co Ltd, (IGICL) (Bermuda), International General Insu...

Argus Group Holdings Limited and The Phoenix Stores have teamed up to provide rapid, at-home Covid-19 antigen test kits to Argus-insured members at a discounted rate. Argus has purchased 10,000 Healgen® lateral-flow test kits to be distributed to the...

W.O.M.B Bermuda (Women who Own and Manage Businesses) and the Bermuda Economic Development Corporation are inviting nominations for the 2021 Female Entrepreneurship Awards. Stephanie Lee Muhammad, facilitator of W.O.M.B Bermuda, said that businesses ...

Bermuda-based Textainer Group Holdings Limited, one of the world's largest lessors of intermodal containers, has reported net income of $64.7 million for the third quarter. That compares with net income of $73.8 million in the second quarter of the y...