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A leading catastrophe modeller says Hurricane Ian’s total costs will exceed $100 billion and be the most expensive hurricane Florida has ever seen. And the Karen Clark & Company flash estimate has now put the privately insured losses from the hurrica...

Bermuda reinsurers are expected to take claims in stride from Hurricane Ian, which made landfalll in Florida yesterday

Bermuda has an important presence at the 64th edition of Rendez-Vous de Septembre in Monte Carlo this week, the first opportunity for the world’s major insurers and reinsurers to gather en masse in a familiar setting with other market players, since ...

Argus Insurance is seeking the attention of institutional investors in a move to enlarge the company’s size. The position was underscored in the just released annual report. Even after recent moves to diversify the company’s holdings, including into ...

Reinsurance companies are increasingly shifting away from the uncertainty of catastrophe risks and orientating their business mix more towards casualty and specialty primary lines, where pricing movement remains positive, a report says. Larger storms...

The killer Category 5 hurricane that led to the creation of Bermuda’s catastrophe reinsurance business – one of the most costly storms ever to hit the US – is being re-examined through an article in Best's Review. In 1992, Hurricane Andrew virtually...

Relm Insurance has explained that a Canadian regulator’s claim of inappropriate advertising in Ontario is based on a misunderstanding and not any company wrongdoing. The company issued a statement this weekend after David Burt, the Premier and Financ...

A leading local insurer has initiated a review of strategic alternatives which may include the sale of the company

David Burt, the Premier and Finance Minister, has told the British trade media that the London insurance market cannot survive without Bermuda. The extraordinary observation was made during an interview with The Insurer TV, in which the Premier highl...

The insurance industry has been warned of the social risks of blindly withdrawing insurance cover, and divesting, from so called “dirty industries”. The warning comes as increasing eco-activism centres media attention on a global insurance industry s...