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Bermuda is at the centre of an evolving market in risk, a top insurance consultant said today. Arthur Wightman, managing director and insurance leader at PwC, said: “What I am saying is that over the last 12 months you have seen this domicile engage ...

Mark Cran QC defended the role of Butterfield Trust Bermuda Ltd (BTB) in pulling the plug on more than $100 million to fund the building of a performing arts centre in Lucerne, Switzerland, in the second day of proceedings in a case brought by Swiss ...

Convergence 2013 is an event for investors, reinsurance and insurance companies and service partners to meet, network and learn about ILS such as catastrophe bonds. The two-day event, organised by ILS Bermuda, is being held in the newly renovated Pie...

Reinsurers could take over the US flood insurance programme from the US government, according to Validus Holdings CEO Ed Noonan. Speaking on a panel at the PwC/S&P Bermuda (Re) insurance Conference yesterday, Mr Noonan said flood coverage was one are...

Proposals by some US lawmakers to raise more taxes from non-US reinsurers — including those based in Bermuda — would damage the industry’s ability to bear more flooding and terrorism risks, a hearing in Washington heard yesterday. The subject was tou...

PwC Bermuda will stage a reception next week for parents of college or university students to highlight the benefits of a career in professional services. The parents can connect with PwC professionals and learn about the opportunities available thro...

Third Point Reinsurance Ltd posted third-quarter net income of $46.6 million yesterday, as it declared its first quarterly financial results as a public company. The earnings, which broke down to 46 cents per share, were up 17.7 percent compared to t...

Smaller reinsurance firms may have to amalgamate to survive tough economic times, a major conference heard yesterday. And new markets — like the risk of conventional terrorism, particularly in the US — and China could create new demand for insurance ...