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Insured losses from Hurricane Dorian have been estimated at between $1.5 billion and $3 billion, by AIR Worldwide. The catastrophe risk modelling firm said Dorian first made landfall on August 28 at St Thomas, but quickly strengthened to maximum cate...

Financial technology will take centre stage at the inaugural Fintech: Innovation Island conference in Bermuda. The brainchild of Delaware-based regional tech convening platform, TechBeach Retreat, the October 17-18 event will be hosted in collaborati...

Chubb Bermuda’s James Paugh has been appointed to the position of senior vice-president, general counsel. He will direct all legal and regulatory activities within Chubb Bermuda and Chubb Bermuda International. His responsibilities include overseein...

Axa XL is combining its Bermuda and London reinsurance platforms. There will be no job losses or office closures as a result of the reorganisation. Among a number of executive changes announced, Rob Littlemore is to take leadership of a newly-create...

A series of three director development courses will be held by the Bermuda branch of the Institute of Directors next month. Rochelle Simons, Bermuda branch chairwoman, said: “In a recent survey of our members, 87 per cent said locally offered profess...

Markel Corporation has launched of Lodgepine Capital Management Limited, its new retrocessional insurance-linked securities fund manager in Bermuda, together with a reinsurance company, Lodgepine Re. Lodgepine’s initial product offering will be the ...

BF&M Ltd has reported shareholders’ net income of $11.4 million for the first half of the year, an increase of $4.7 million year-on-year. John Wight, group chairman and chief executive officer, said: “For the first half of 2019, BF&M reported strong ...

Shares of Ascendant Group retreated $1, or 2.9 per cent, to $33 after 800 were traded on The Royal Gazette/BSX Insurance Index. Some 36,700 shares of One Communications Ltd, and 289 shares of Butterfield Bank were also exchanged, but with no change t...

Nominations are sought for the 2019 TechAwards, which recognise Bermudian-based companies and products in four categories. The deadline to make a nomination for best international market innovation, best local market innovation, most innovative youth...

College students considering careers in the insurance industry made the most of networking opportunities at two events held by the Bermuda Foundation for Insurance Studies. The organisation held a scholars’ lunch as well as its annual end-of-summer p...