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Bermuda is well-positioned to become a leading jurisdiction in the growing market for climate risk finance, the chairman of the Bermuda Business Development Agency has told an international audience. Stephen Weinstein is the former chief legal office...

One of the most anticipated events on the global re/insurance industry calendar has been cancelled for a second year running due to the impact of the Covid-19 pandemic. Rendez-Vous de Septembre, or Monte Carlo Rendez-Vous, has pulled the plug on its ...

Bermuda-based international specialty insurer and reinsurer Convex Group Ltd has secured commitments for an additional $1 billion of equity capital. Convex, launched in April 2019 with $1.7 billion of initial committed capital, has now raised $2.7 bi...

Bermudian-based legacy re/insurer Catalina Holdings (Bermuda) Ltd has made a strategic move into Asia, reaching an in-principle agreement to acquire Asia Capital Reinsurance Group Pte Ltd. The deal for the Singapore-headquartered reinsurance business...

Bermudian re/insurance veteran Mark Simons has been appointed head of business development and production in the Bermuda office of Ed, the global reinsurance, wholesale and speciality broker. His hiring is the latest in a series of personnel moves ma...

The Bermuda office of London-based re/insurance specialist Neon is to close. Personnel in Bermuda and London will be impacted by the move, the company said yesterday, adding that details have not been finalised. The on-island office of Neon is though...

Artex Risk Solutions continued to expand its operations today, announcing the acquisition of Dallas-based EWI Re, Inc. Terms of the transaction were not disclosed. Established in 1959, EWI offers reinsurance programme design and placement services f...

Hamilton Insurance Group has introduced a new parental/caregiver leave policy that reflects the company’s commitment to diversity and inclusion. The Bermudian-based re/insurer will grant five months’ paid maternity leave for mothers/primary caregiver...

Climate warming is changing the weather like steroids change a baseball player, a leading expert told a conference of insurance executives. Roger Grenier, senior vice-president of the global resilience practice at catastrophe modelling firm AIR World...

Two months after his arrival in Bermuda, insurance industry veteran Richard Tomkins has already experienced the best and worst of the island. A hole-in-one on the 165-yard seventh hole at Mid Ocean Club, combined with the wrath of Hurricane Humberto ...