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XL Catlin’s insurance operations has launched Private Clients, a suite of coverages specifically designed to address the complex insurance needs of ultra high net worth individuals and their families. Only available through a panel of specialist priv...

Hiscox plans to ramp up capacity in anticipation of a pick-up in insurance prices. The company, which is based in Bermuda, said today it plans to increase the 2018 capacity for its Syndicate 33 at Lloyd’s by £450 million ($594.5 million) to £1.6 bill...

Jerome Halgan has been appointed chief executive officer of Arch Reinsurance Ltd in Bermuda as part of a management shake-up by parent company Arch Capital Group. Mr Halgan has been promoted from within and will move from his current role as CEO of A...

Two Bermuda reinsurers estimated a combined $1.8 billion in pre-tax catastrophe losses for the third quarter. Hurricanes Harvey, Irma, and Maria, as well as two earthquakes in Mexico were among the natural disasters that led to Everest Re estimating ...

After Hurricane Maria, Puerto Rico’s physical destruction multiplied its financial crisis. But at least one revenue generator is up and running: rum. On the western edge of San Juan Bay in a small town called Catano, a Bacardi Ltd distillery produces...

XL Group Ltd has estimated net catastrophe losses of $1.48 billion for the third quarter. Most of the losses — about $1.33 billion — were attributed to hurricanes Harvey, Irma and Maria. The announcement comes after the Association of Bermuda Insurer...

A number of insurers and reinsurers have released estimates of losses they expect to book from three hurricanes and earthquakes in the third quarter. Lancashire Holdings Ltd has estimated losses of between $106 million and $212 million. The losses ap...

XL Catlin’s investor arm is the lead backer of an $11.6 million round of funding for insurtech start-up Slice Lab. XL Innovate is joining Munich Re/HSB Ventures, Sompo, Horizons Ventures, Plug and Play and Tusk Ventures in the backing the young compa...

“Cow never know the use of its tail till it’s gone” An old Caribbean saying speaking of how people take things for granted until they no longer have them. The passing of hurricanes Irma and Maria have left nearly four million in the Caribbean without...

A former top executive of the US Central Intelligence Agency has joined the board of Butterfield Bank. Meroe Park has been appointed as a non-executive director. She was most recently the executive director of the CIA, serving as the agency’s chief o...

PartnerRe Ltd has estimated combined catastrophe losses of approximately $475 million from its exposure to hurricanes Harvey, Irma and Maria for the third quarter. The company, which is owned by Italian investment firm Exor, stressed there was signif...

The former group chief financial officer at Novae Group has joined American International Group as head of reinsurance, operations and transformation, general insurance. Charles Fry has also served as chief operating officer of Guy Carpenter among hi...