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An airline boss has warned that high airport taxes and charges can dissuade passengers from flying to certain destinations, and in turn be a disincentive for airlines to serve those routes. Robin Hayes, chief executive officer of JetBlue Airways, mad...

The Bermuda Government has recognised the need for airports and airlines to minimise the overall travel costs faced by passengers. It was responding to remarks from an airline boss who warned about the impact high airport charges and taxes can have o...

Insured losses from the costliest wildfires in the US since 2007 are forecast to exceed $1.1 billion. More than 2,000 homes were destroyed by the most destructive fires to the northwest of San Francisco and southwest of state capital Sacramento. Four...

Willis Group Holdings made a profit of $117 million during the third quarter, helped by rising commissions and fees. The Willis Capital, Wholesale and Reinsurance segment of the business, which includes Willis Re Bermuda, achieved an 8.8 per cent jum...

A Bermuda company has teamed up with Sky News, working in partnership to bring the 24-hour news channel to audiences in Bermuda, the Caribbean and Canada. Hamilton-registered Riverhead Investments, owned and operated by Ann Petley-Jones, is acting as...

An earthquake in Chile and the Tianjin explosion in China resulted in $100 million of insured losses for Everest Re Group in the third quarter. The company made a profit of $88.6 million, down from the $274.9 million achieved during the same three mo...

PartnerRe Ltd has reported a third quarter net loss of $243.3 million, or $5.08 per share. Its results were hit hard by the paying of a termination fee and reimbursement of expenses to Axis Capital, in relation to the failed merger deal with the Berm...

Profits at Qatar Inusrance Company fell $24 million to $196 million during the first nine months of this year. However, the parent company of Bermuda-based Antares Reinsurance Ltd has reported strong underwriting results. New written premiums jumped ...

Pressure on reinsurance pricing could see rates drop lower than previously anticipated, with double-digit reductions possible during the January renewals. That warning was given by Nick Frankland, of Guy Carpenter & Company, at the Baden-Baden Reinsu...

A “complex web of factors” is responsible for the continuing pressure on reinsurance renewal pricing, according to Robert Hartwig. The president of the Insurance Information Institute, in New York, noted that there have been a number of consecutive y...