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Argo Group has estimated preliminary pre-tax catastrophe losses of $32 million for the fourth quarter. The losses are primarily related to Hurricane Michael and the California wildfires. Additionally, the Bermudian-based company’s fourth-quarter resu...

Reinsurers have seen unusual rises in loss adjustment expenses and reopened claims related to the devastating hurricanes of 2017. The trend forced many reinsurers to increase previous estimated losses from Harvey, Irma and Maria, creating a drag on ...

A 2017 study by Aviva in the UK revealed that 1.3 million people viewed “winning the lottery” as their only plan for retirement. The article will discuss common mistakes that people make when planning for retirement and the true cost of failing budge...

Dear Dave, How do you feel about timeshares, and the free trips and dinners they offer as part of their sales pitches? Is it possible to win with these things? — Dan Dear Dan, In my opinion, timeshares are a complete waste of time and money. Lots of...

Creating a cash cushion for yourself and your family is a good plan to start the new year. This is a continuation of last week’s article, “Forget new year’s resolutions — just set one goal”. A cashflow liquidity crunch, or a credit squeeze in industr...

Bermudian run-off specialist Premia Holdings Ltd has made what it describes as a “groundbreaking” acquisition of a US insurer. The reinsurer bought Public Service Insurance Company and its wholly-owned subsidiary Western Select Insurance Company from...

Bermudian-registered FWD Life Insurance Company (Bermuda) Ltd has been fined by Hong Kong regulators over compliance failures relating to expertise of its staff. Hong Kong’s Securities and Futures Commission fined FWD Life HK$2.4 million ($316,000). ...

Bill Wharton has been promoted to head of Argo Insurance Bermuda. Bermudian-based global specialty (re)insurer Argo Group International Holdings said the appointment is effective immediately and follows former leader Nigel Mortimer’s move to a new ro...

Bermudian-based Randall & Quilter Investment Holdings has completed deals allowing a self-insurer and a captive to exit workers’ compensation liabilities. The first transaction involves an R&Q carrier Accredited Surety and Casualty Company assuming t...

The Caribbean Catastrophe Risk Insurance Facility, of which Bermuda is a member, has expanded to 21 countries with Panama the newest participant. The Central American country has purchased parametric insurance cover for excess rainfall. It is the fou...