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Bermuda-based re/insurers estimate they will incur gross claim losses of $2.7 billion as payments to United States policyholders/cedants to cover the damaging effects of Winter Storm Uri, which wreaked havoc in the southern region of the US, particul...

CoreLogic, a global property information, analytics and data-enabled solutions provider, has announced an extended collaboration with Bermudian-based Xceedance. Under this expanded arrangement, CoreLogic said re/insurers and brokers will now gain acc...

Bermudian-based reinsurer Ariel Re has sponsored its first 144A index-triggered catastrophe bond issued by Bermuda special purpose insurer Titania Re Ltd. The company said Titania Re will provide $150 million of multi-year collateralised reinsurance ...

Newly formed insurance industry companies that are part of the “Class of 2020” have chosen AIR Worldwide to help them model and manage catastrophe risk. Bermudian-based Conduit Re, Vantage Risk and Integral ILS Ltd, are among those who have opted to ...

Volcanic ash coats Foster Burke’s backyard in St Vincent & the Grenadines. It covers his roof, his trees, his grass and his car and it’s been constant, since the first eruption from La Soufrière on April 9. “Every time the wind blows, it blows everyw...

Argo Group International Holdings Ltd expects to book about $38 million in natural catastrophe losses in its fourth-quarter earnings. The Bermudian-based insurer expects to take an additional $13 million hit from net losses in relation to the Covid-1...

Everest Re Group Ltd expects to take a $300 million hit to its third-quarter results from a string of natural disasters. The Bermudian-based reinsurer said the pre-tax, net estimate includes the impact of hurricanes Laura, Isaias and Sally, wildfires...

Bermudian reinsurers expect to pay out hundreds of millions of dollars in claims related to hurricanes and wildfires during the third quarter. RenaissanceRe, Axis Capital and Arch Capital each gave estimates on losses that will impact their third-qua...

Wildfires that have burnt through nearly five million acres in California and other western US states, causing deaths and destroying more than 9,600 structures, will cost insurers as much as $8 billion, according to Moody’s. In a report, Moody’s anal...

Re/insurance plays a significant role in helping communities recover from natural disasters, a new study concludes. Axa XL, in collaboration with the Centre for Risk Studies at Cambridge Judge Business School, released the report, which also outlines...

Catastrophe modeller RMS has estimated onshore insurance industry losses related to Hurricane Laura will range between $9 billion and $13 billion — suggesting that Bermudian reinsurers will face substantial claims. The estimate is markedly higher th...

Convex Group’s first catastrophe bond secured $300 million of reinsurance coverage. The insurer and reinsurer, which was founded by industry veteran Stephen Catlin last year, sponsored the transaction through the Bermudian special purpose insurer Hyp...