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Reinsurance rates are struggling to stabilise due to profitable results achieved in 2016 and a continuing capital oversupply. That is the assessment of Willis Re, the reinsurance advisory business of Willis Tower Watson. And it has noted that while m...

Almost $190 million of insurance-linked securities have been admitted for listing on the Bermuda Stock Exchange. Three tranches of notes have been issued by Willis Capital Markets & Advisory’s Resilience Re Ltd issuance platform. A $101 million pl...

Natural catastrophes losses last year ticked upwards to $175 billion, the highest level in four years and up two-thirds on the 2015 figure. Only 30 per cent of losses, about $50 billion, were insured, highlighting there has been virtually no change i...

In an effort to make things flow more smoothly for customers buying water bottles, Bermuda Waterworks Ltd has opened a drive-through facility. A new access road at the business on Parsons Road, Devonshire, doubles as a drive-through route where custo...

Insurance-linked securities and catastrophe bonds listing this month on the Bermuda Stock Exchange have sailed over the $1.5 billion mark. That end of year flurry of listings means there are 58 ILS securities listed on the local exchange, the same nu...

In anticipation of increased demand for a variety of products during the America’s Cup, one of the island’s leading wholesalers is to assist with the distribution of two famous brands, Coca Cola and Heineken. Butterfield and Vallis is also looking fo...

Arch Capital Group’s $3.4 billion acquisition of United Guaranty Group has been approved by the North Carolina Department of Insurance. It was announced in August that the Bermudian-based company would buy the mortgage unit from American Internationa...

Retail sales in October fell 3.8 per cent compared with the same month in the previous year. In 2015, retailers received a boost during October from the island’s hosting of a Louis Vuitton America’s Cup World Series event, while this year the month w...

Google moved $15.5 billion to its Bermuda subsidiary last year, a 40 per cent increase on the amount it sent to the island in 2014. By doing so, it saved an estimated $3.6 billion in worldwide taxes, according to a report by Bloomberg. The figures co...

More than half a billion dollars of insurance-linked securities and cat bonds have been admitted for listing on the Bermuda Stock Exchange this week. Leo Re Ltd has issued $200 million of Class A participating notes, with a due date of March 2021. Th...