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As many insurers withdraw their coal coverage owing to environmental concerns, insurers in Bermuda are filling the breech, says a new environmental report. The report Exposed The Coal Insurers of Last Resort, released yesterday by environmental advoc...

For the past year, Arnaud van Dijk has been working on a survey of how well prepared countries such as the Cayman Islands, Bermuda and Malta are for net zero. The KPMG Cayman Islands principal has quickly found that some sustainability ideas look gr...

There is a big opportunity for the insurance industry in the arena of “speeding up transition” to a low carbon economy, said Richard Dudley, global head of climate strategy at Aon. Mr Dudley was speaking as a panellist at the Bermuda Climate Summit 2...

The Bermuda Climate Summit 2022 really “hit it out of the ballpark”, John Huff, Association of Insurers and Reinsurers president and chief executive officer, said at the close of the two-day event. The inaugural summit, held at the Rosewood Bermuda i...

The head of the US National Wildlife Federation has encouraged insurance professionals to invest in ways to not just predict climate risk, but actually reduce it. Speaking at the Bermuda inaugural Bermuda Climate Summit 2022, presented by The Bermuda...

PartnerRe Ltd today reported a net loss attributable to common shareholders of $539 million for the first quarter of 2022, compared with a net loss of $66 million for the same period last year. PartnerRe said the insurance industry continued to be im...

The difference between actual and insured losses around the world could widen from $1.4 trillion in 2020 to $1.8 trillion by 2025, with the Asia-Pacific region accounting for almost half of all uninsured risk, according to a new PWC report. PwC o...

KPMG gave $1.25 million to the community and contributed 1,226 community service hours to local charities in 2021. The firm’s newly released annual Impact Report highlights the company’s corporate citizenship efforts in Bermuda. One of the charities ...

Deloitte is launching a billion-dollar sustainability and climate practice. Building upon decades of sustainability and climate client service, they are assembling one of the largest global networks of sustainability experience including an investme...

SiriusPoint Ltd’s goal for 2022 is a natural one: to make an underwriting profit. “Despite a lot going on in the market to start the year, I remain optimistic that we are going to get there,” company chief executive officer Sid Sankaran told The Roy...