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Rapidly evolving risks have rendered the insurance industry less relevant, according to Mike McGavick. But the chief executive officer of XL Catlin believes the industry can re-establish its importance in the global economy, if it cuts costs, develop...

Insurance prices “have to improve” in the wake of expected $100 billion of insurance industry losses from hurricanes Harvey, Irma and Maria, and earthquakes in Mexico. And according to industry executive Jonathan Reiss, January renewals “are going to...

Companies may lose valuable employees if they fail to develop talent with ongoing efforts rather than simply train them up and expect them to get the job done. That’s the view of Jennifer Smatt, president of consultancy Ontru, who said the company is...

Natural catastrophe losses of $1.48 billion took a toll on XL Group’s third quarter performance, with the company reporting an operating net loss of $1.03 billion. Hurricanes Harvey, Irma and Maria accounted for the bulk of the catastrophe losses. XL...

Shares of Argus Group ended five cents lower, or 1.3 per cent, at $3.75 after 6,200 traded on The Royal Gazette/BSX Index. No other stocks traded on the exchange, which closed down one point, or 0.05 per cent, at 2,122.13. On the New York Stock Excha...

Willis Towers Watson employees in Bermuda took part in Spirit Day, pledging to “go purple” was a way for staff to visibly show solidarity with the LGBTQ youth and to take part in the largest, most visible anti-bullying campaign in the world. Picture...

“Fear math no more” is the motto used for the afternoon programme Planet Math, which is located on Park Road in Hamilton. Sergio Pitcher, the founder, combined his passion for mathematics and his love of teaching to introduce the programme which star...

The International Financial Law Review has ranked legal services firm Cox Hallett Wilkinson Limited as a Tier 1 law firm in its 2018 financial and corporate IFLR1000 guide. Several members of CHW’s corporate department were also individually recogni...

Bermudian-based Sompo International Holdings and Sompo Japan Nipponkoa Insurance Inc have launched strategic partnerships in Africa. Sompo International will form alliances with both Sanlam Limited and Saham Finances through a partnership agreement e...

Insuring against cyber-risk represents a major opportunity for the insurance-linked securities sector, but first there are hurdles to clear. And one of the things that needs to be overcome is the market’s “addiction” to property/catastrophe insurance...