Log In

A Bermuda market reinsurance broker has been elected new designee representative of the 28,000-member US Chartered Property Casualty Underwriters (CPCU) Society, to represent new members of the CPCU's north east region for the next two years. Vice pr...

Ruthardt. The regulator who unsuccessfully sought to wrest control of insolvent insurer Electric Mutual Liability Insurance Co. from its Bermuda liquidators is now staring down state consumer activists who are calling for her head. The state attorney...

The reinsurance subsidiaries of Bermuda-based New Cap Reinsurance Corporation Holdings Ltd. (New Cap Re) have had their claims paying ability ratings lowered by Duff & Phelps Credit Rating Co. (DCR). New Cap Re faced significant underwriting losses a...

A serious decline in the value of the company's common shares has management of Bermuda-registered Sea Containers Ltd. perplexed. President James B. Sherwood said the severe downturn was unjustified and Sea Containers was well placed to generate exce...

indication of increasing competitiveness among domestic insurers. Argus is now offering free car insurance -- valued at up to $500 -- for new clients who bring their residential property insurance to the firm. Argus' home-owners policies are also abo...

of one percent to six percent, effective on Monday. The base rate represents the benchmark for the pricing of all the bank's Bermuda dollar demand loans and overdrafts. The institution's loan customers will get confirmation of the change on their nex...

plunged more than 58 percent to $85.8 million, compared with $206.6 million for the same period last year. It brought net income for the first nine months to August 31 down to $411.8 million -- a near 22 percent decline from $526.3 million for the sa...

The days of a sudden hardening of the insurance and reinsurance markets in the wake of significant or catastrophic events may be over, a leading Bermuda reinsurance executive has said. A hardening market and a turn of insurance conditions will still ...

Bermuda is getting the attention of the US healthcare industry, and officials foresee a brighter future in attempts to attract more healthcare captive insurers. The optimism stems from recent growth from the modest numbers of Bermuda-based healthcare...

This year's active hurricane season is making residents along the US east coast consider the need for better protection of their property. It is a move that is welcomed by property catastrophe reinsurers and insurers here in Bermuda like Renaissance ...