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Captive insurers are beginning to play a vital role in closing the climate risk-related protection gap, a new report by the Bermuda Monetary Authority suggests. The BMA Captive Report 2021 is based on an aggregation of the electronic reporting data s...

An African risk insurance pool set up as a hybrid mutual insurance company in Bermuda is among the parties to a ground-breaking memorandum of understanding signed at the United Nations Climate Change Conference in Egypt. The agreement at COP27 among ...

Retired lawyer Lawrence Michael Murphy has added another string to his bow. Mr Murphy, AIG’s general legal counsel in Bermuda for 32 years and adviser to the Bermuda Government on the insurance industry for more than 40 years, has written a book abou...

Insurance buyers want to purchase customised cyber threat coverage rather than an off-the-shelf product, a panellist told an international audience at the NetDiligence Cyber Risk Summit at Hamilton Princess & Beach Club. Benjamin Vaughn, senior vice-...

The hardening market in the reinsurance sector is the best in decades, a leading insurance executive has said. Conduit Re executive chairman Neil Eckert made the comment as his company released its third quarter trading statement. Mr Eckert said: "As...

White Mountains Insurance Group Ltd, the financial services holding company domiciled in Bermuda, has reported comprehensive income attributable to common shareholders of $890 million and $748 million in the third quarter and first nine months of 202...

The current make-up of the board of directors at Argo Group International Holdings Ltd is “vastly superior” to the candidates put forward by activist investors Capital Returns Management LLC, the company has claimed. And in a letter to shareholders, ...

Arch Capital Group Ltd booked a $550 million net loss from catastrophes, but still managed to report net income available to common shareholders of $6.9 million in the third quarter. That result compares with net income of $388.8 million for the 2021...

Axis Capital Holdings Limited has reported a net loss attributable to common shareholders of $17 million and operating income of $3 million in the third quarter. That compares with net income of $47 million and operating income of $1 million in the t...

An active catastrophe quarter and volatile market conditions drove a net operating loss of $205 million and a net loss of $319 million in the third quarter for Everest Re Group Ltd. That compares with a third quarter 2021 net operating loss of $53 mi...