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The estimates are based on the high-resolution KCC Caribbean and US Hurricane Reference Models

The report comes just ahead of one of the largest gatherings of insurance and reinsurance executives for the year, the Rendez-Vous de Septembre in Monte Carlo

Authorities on the ground dealing with the event have reported that the fire was 85 per cent contained as of late Monday night

Thunderstorms driving natural catastrophe losses this year

For the first time, cat and insurance-linked securities issuance has exceeded $7 billion in a single quarter

David Burt, the Premier, said Bermuda’s greatest contribution to climate change solutions will come from the insurance industry

The war in Ukraine is a threat to the world’s food supply and more than half of the global insurable crop exposure is unprotected against natural hazards

Analysts have forecast more dangerous hurricanes to threaten landfall, as Florida continues the long clean-up from last year

Aspen Insurance has reported improved net income for the 2022 year as rates and underwriting performance improved

Direct-to-consumer insurtech Kin Insurance has placed $100 million catastrophe bond deal with Bermuda Hestia Re Ltd. (Series 2023-1)

An American insurance organisation has launched a new product with the support of two Bermudian-based companies

Hurricane Ian, Russia’s invasion of Ukraine and other natural disasters impacted Partner Re’s bottom line last year