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Captive insurers are beginning to play a vital role in closing the climate risk-related protection gap, a new report by the Bermuda Monetary Authority suggests. The BMA Captive Report 2021 is based on an aggregation of the electronic reporting data s...

An African risk insurance pool set up as a hybrid mutual insurance company in Bermuda is among the parties to a ground-breaking memorandum of understanding signed at the United Nations Climate Change Conference in Egypt. The agreement at COP27 among ...

The Bermuda Business Development Agency’s second annual Bermuda Risk Summit is to be staged in March, with two headline sponsors already on board. Themed “Innovation, Sustainability and Collaboration”, the event includes discussions involving investo...

MS Reinsurance, the global reinsurer, has appointed Marlin Ramlal as senior underwriter, property. Based in Bermuda, Ms Ramlal will join MS Reinsurance on Monday and will report to Andrew Shaw, lead underwriter, property. With more than 17 years’ exp...

Retired lawyer Lawrence Michael Murphy has added another string to his bow. Mr Murphy, AIG’s general legal counsel in Bermuda for 32 years and adviser to the Bermuda Government on the insurance industry for more than 40 years, has written a book abou...

Markel has named Bermudian Jessica Cardoso as the new head of office for Markel Bermuda Limited in addition to her current role as senior director, head of Bermuda Errors and Omissions. As head of office for Markel Bermuda Limited, Ms Cardoso will co...

A new report has delivered further evidence of the efficacy of captive insurance, outlining how their use in Bermuda and two Caribbean countries saved their corporate owners demonstrably on insurance costs, when compared to use of commercial insuranc...

Relm Insurance Ltd, the Bermudian-based specialty insurance carrier serving emerging industries, has inked a strategic partnership with cyber-risk analytics firm CyberCube to bolster its cyber underwriting business with advanced analytics, artificial...

Arch Insurance International has appointed Sam Bradley as senior cyber underwriter, effective immediately. Mr Bradley joins a growing cyber team and will support the continued development of the international account as well as the cyber property dam...

About 30 Ascot Bermuda Limited staff stepped away from their desks to give another corporate lift to the Globe Museum, which is part of the Outstanding Universal Value of the Unesco Site. It was in support of the Bermuda National Trust’s latest corp...