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Insurers face $22bn of payouts for natural disasters in the first half of this year, with 76 per cent of losses coming from US events. Aon Benfield’s catastrophe model development team, released its Global Catastrophe Recap: First Half of 2017 report...

The Bermuda Business Development Agency will work with the new Bermuda Government to further build the country’s economy. In a statement, the BDA congratulated the Progressive Labour Party on its 24-12 win in yesterday’s General Election. Ross Webber...

The Association of Bermuda Insurers and Reinsurers has said it looks forward to a dialogue with the new Government on a number of issues, including financial stability, education, employment, immigration and tax. In a statement, Bradley Kading, the p...

An aptitude for maths and statistics proved to be the launching pad for Marcus Henschke to pursue a career in the world of risk management and insurance. He is now halfway through a Risk Management and Insurance bachelor’s degree course at St John’s ...

Bob Richards, the former deputy premier, is retiring from politics after his defeat at the polls. He lost his Devonshire East seat to newcomer Christopher Famous, of the Progressive Labour Party, by 94 votes after a big turnout by voters in Constitue...

Insurance sector leaders who act decisively to embrace disruption from technological advances such as insurtech and artificial intelligence, will emerge as survivors and winners. While those who hesitate face being left behind and seeing their market...

Full year profit at insurance company Argus Group Holdings Ltd has soared to $12 million, increasing from $7.3 million the previous year. Investment income increased by $16.9 million year-on-year. The results for the year to March 31 represent a retu...

A new book by Stephen Catlin, one of the Bermuda insurance industry’s best known leaders, hits bookstores today. In it the founder and former chief executive officer of Catlin Group Ltd provides unique insights into the inner workings of the commerci...

A new technology focused subsidiary of American International Group will be headed by Seraina Macia, who was chief executive officer of Hamilton USA. In May it was announced that AIG intended to acquire Hamilton USA, the US platform of Hamilton Insur...

Inflation climbed back to 2.4 per cent in May, having briefly dipped to 1.7 per cent in April, according to the latest data released by the Bermuda Government. Between April and May the average cost of goods and services in the Consumer Price Index i...