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Chubb Limited has announced preliminary net loss estimates in the fourth quarter of 2018 attributable to the California wildfires of approximately $225 million pre-tax, or $195 million after tax. It said the estimates do not include losses from Hur...

One Communications Ltd spent $1.35 million in trades to repurchase its own shares in Bermuda Stock Exchange trading. The company said after the close of trading yesterday that it had bought back 451,805 of its shares for immediate cancellation at an ...

Bermudian-based insurers and reinsurers have strengthened their resilience to potential catastrophe events by marginally decreasing their net exposure to such events, while also increasing the amount of capital and surplus they hold. That is one of ...

Dear Dave, I’ll be graduating from college with no debt in a couple of weeks, and I have a good job waiting for me in January. During the last few years, I’ve managed to save almost $25,000 from my part-time jobs while in school. My car is pretty bea...

PwC’s 2018 annual corporate directors survey finds that directors are engaging more in a broad range of topics including strategy oversight, corporate culture and board diversity. And they are engaging more in cybersecurity topics, even as they strug...

Axis Capital Holdings Ltd has launched a consolidated Global Cyber and Technology unit. Led by Dan Trueman, global head of cyber and technology, the unified global team will be part of the Axis Insurance’s professional lines division. Axis, a Bermud...

Moody’s Investors Service says the fourth-quarter earnings of re/insurers will be hit by wildfires in California, but the losses are described as “manageable”. The Camp and Woolsey fires could rack up insured losses of up to $15 billion, Moody’s said...

The insurance industry is striving to keep up with the rapid rate of change that is transforming not only the industry itself, but also its customers’ way of life and businesses. David Hollander, EY’s global insurance leader, told The Royal Gazette t...

In the second and final part of his commentary on the future of insurance, Darren Wray, chief executive officer of consultancy Fifth Step Ltd, looks at how the industry landscape may change in the coming years. All of the discussion so far has been ...

Bermudian reinsurer Everest Re Group has hired Jon Levenson from island rival Validus Holdings to be the company’s new head of investor relations. Mr Levenson will be responsible for investor relations and rating agency relationships and will report ...