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The reinsurance industry has been slow to respond to new risks because of its tendency to look to the past to predict the future, according to Brian Duperreault. The Hamilton Insurance Group chief executive officer, speaking yesterday at the opening ...

Damage from Hurricane Gonzalo could have been much worse — had the storm’s eye not passed directly over Bermuda and had Tropical Storm Fay not visited less than a week earlier. That is the view of experts from catastrophe modelling firm AIR Worldwide...

A lobbyist for the Bermuda re/insurance industry said yesterday that international regulatory standards and protectionism posed a risk to global business. Speaking at the “Regulation as a Business Risk” conference at St John’s University in New York,...

Insurance-linked securities services specialist Horseshoe Group has expanded its operations to Gibraltar. The firm’s move comes after Gibraltar finalised its own ILS guidelines, launching its own bid for market share in the booming sector. Horseshoe,...

Hamilton Re chief executive officer Kathleen Reardon told a group of newly accredited underwriters that it is possible to find a balance between career and family commitments — but it requires a lot of energy. Ms Reardon, a mother of two young childr...

Bermuda healthcare system — already among the world’s most expensive — is “unsustainable” on its current trajectory of rising costs, according to the boss of a leading health insurer. BF&M Ltd CEO John Wight said the demographics of an ageing populat...

Catastrophe bonds are becoming a progressively cheaper form of reinsurance as the dynamics of the insurance-linked securities (ILS) sector change. That is the view of Tony Ursano, chief executive officer of Willis Capital Markets and Advisory (WCMA),...

Banks are expecting more countries to require them to send details of their citizens’ overseas accounts. The US Fatca regulations, which took effect in July this year, require financial institutions in participating countries such as Bermuda to feed ...

The new Apple iPhone has arrived in Bermuda and is already much in demand. Audio Visual Eelectronics’ Kevin Davies said he’d sold about a dozen of the iPhone 6 models on the first day he had them in stock on Tuesday this week — even with a price tag ...

With pricing weakness in most lines of reinsurance and a glut of capital, reinsurers should not be drawn into a passive mode, waiting for a major event to shake up the market. That is the view of Alex Moczarski, chief executive officer of global rein...