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Two major firms with a presence in Bermuda officially merged yesterday in an $18 billion deal. Insurance and reinsurance firm Willis, which has offices on Pitts Bay Road, Pembroke, started operations in partnership with Towers Watson, a professional ...

FRANKFURT (Bloomberg) — Costs from natural catastrophes fell last year to the lowest level since 2009 as the weather effect known as El Nino reduced heavy storms in the North Atlantic, according to Munich Re, the world’s largest reinsurer. Global los...

Bermuda’s current account recorded a surplus of $224 million in the third quarter of last year. The figure represented a $62 million increase compared to the same period last year, partly driven by the fall in the global oil prices that led to Bermud...

The Royal Gazette/BSX yesterday closed down 0.38 points (0.03 per cent) at 1,303.68. The sole mover was insurance firm BF&M, which ended the day down five cents (0.29 per cent) at $16.80 after 7,842 shares worth about $131,995 traded. The BSX Insuran...

Business leader Donald Kramer is this year’s entrant into the Insurance Hall of Fame. Mr Kramer, the chairman and chief executive officer of Bermuda-based ILS Capital Management, won the award from the New York-based International Insurance Society. ...

Even with the arrival of January renewals there seems to be no end in sight to the soft market conditions that reinsurers have endured since 2012. In a blunt assessment, Willis Re has concluded that hopeful forecasts for a “softening in the softening...

New year: as we start a new year, and a leap year at that, let’s take advantage of the lessons learned from the past to create a better and bigger year for all of us. Start with making some specific goals for the year that you can measure every 90 d...

Bermuda-based insurance and investment firm Old Mutual has been bought by Beechwood Bermuda. Old Mutual, which has more than $1 billion in assets, closed for new business in 2009. Now Beechwood, a major provider of international investment plans that...

A food truck has launched a special deal for the insurance and reinsurance business. The Smokin’ Barrel is offering 10 per cent off as the industry works overtime following the January renewal season. Chef Richard Reno said: “It’s renewal season and ...

The management buyout of the fiduciary arm of legal firm Appleby, backed by London-based private-equity firm Bridgepoint, has been completed. The deal means the fiduciary and administration segment of the offshore law firm, which has 350 employees, p...