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Bermudian-based RenaissanceRe Holdings Ltd has estimated that losses from certain 2022 catastrophe events will have a net negative impact of approximately $650 million on the company’s third-quarter results. This estimate is primarily driven by the n...

The reinsurance industry must develop more respect for its capital, a leading insurance executive told attendees at Convergence 2022, presented by ILS Bermuda. Albert Benchimol, president and CEO of Axis Capital, said: “The reason we need reinsurers ...

The fundamental question that risk modellers ask has changed dramatically over the years, a speaker told attendees yesterday at Convergence 2022, presented by ILS Bermuda. Jay Guin, executive vice-president and chief research officer, extreme event s...

A Bermudian-regulated global life insurance group has formed a strategic partnership with the world’s largest alternative asset manager. Resolution Life and Blackstone said the partnership would support the continued growth of Resolution Life, a lead...

ISC Group, a global business community that supports the retention and promotion of women in the insurance sector, has launched a branch in Bermuda. With the help of their founding sponsor EY, ISC Group said, it will provide a space for shared learni...

SiriusPoint Ltd, the Bermudian-based global specialty re/insurer, has appointed Bobby Heerasing as active underwriter of Lloyd’s Syndicate 1945. Mr Heerasing joined SiriusPoint in October last year with more than 25 years of market experience. Previo...

Natasha Scotland Courcy has been elected as chairwoman of the Bermuda International Long Term Insurers and Reinsurers at the organisation’s annual general meeting. Ms Scotland Courcy, who is senior vice-president, chief operating officer and general ...

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit ratings of “a” (Excellent) of the operating subsidiaries of Essent Group Ltd, the mortgage re/insurer based in Bermuda. The subsidiaries are island-ba...

Bermudian-domiciled White Mountains Insurance Group has contributed a slice of a $315 million Series D round of funding raised by Pie Insurance, the insurtech company specialising in workers’ comp insurance for small businesses. White Mountains, a fi...

White Mountains Insurance Group Ltd, the Bermudian-domiciled financial services holding company, has announced the preliminary results of its "modified Dutch auction" tender offer to purchase up to $500 million in value of its common shares. The tend...