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Authorities in Bermuda and the US are making inquiries into the recording of loss reserves by Markel CatCo Investment Management Ltd and its subsidiaries. This was revealed in a statement last night from Markel Corporation, the US-based parent compan...

A major data breach reported by hotel giant Marriott International a week ago, with up to 500 millions customers potentially having their personal information exposed, has underlined the scale of cyber-risks that businesses face. Against that backdro...

In the early 1980s, tangible assets made up around 80 per cent of the value of the S&P 500. Fast forward to today and nearly 85 per cent of the value of the S&P 500 is attributable to intangible assets. However, the risk transfer market has not caugh...

Horseshoe Fund Services is partnering with private equity and venture capital platform of AltaReturn, a leading provider of cloud-based, end-to-end software solutions for the private equity, venture capital and real estate industries. Brian Desmond, ...

Tim Bunt has joined Everest Insurance’s marketing and distribution team as vice-president responsible for business development in the large account space. He was previously with CBRE Inc, a worldwide real-estate services company, and before that was ...

Hamilton Insurance Group has appointed Michael Papamichael as senior vice-president, strategy and corporate development. Pina Albo, Hamilton Group chief executive officer, said: “We’ve had a number of opportunities present themselves to Hamilton an...

An executive recruitment company has launched a programme to support young Bermudians in making career decisions. Elevate Executive Selection says its Career Care Programme aims to provide the best career exploration and readiness service at all stag...

The Bermuda Insurance Management Association and Bermuda Insurance Institute’s 2018 Captive Education Summit takes place at the Hamilton Princess tomorrow afternoon. The event, billed largest captive education forum for industry professionals, takes ...

Bermudian-based insurers and reinsurers have strengthened their resilience to potential catastrophe events by marginally decreasing their net exposure to such events, while also increasing the amount of capital and surplus they hold. That is one of ...

This is the latest in the “Pondstraddler” series of articles. Disclosure: this is a composite illustrative situation intended for general information purposes only. It does not reference any specific person, living or deceased, nor is it intended to ...

Dear Dave, I’ll be graduating from college with no debt in a couple of weeks, and I have a good job waiting for me in January. During the last few years, I’ve managed to save almost $25,000 from my part-time jobs while in school. My car is pretty bea...

Moody’s Investors Service says the fourth-quarter earnings of re/insurers will be hit by wildfires in California, but the losses are described as “manageable”. The Camp and Woolsey fires could rack up insured losses of up to $15 billion, Moody’s said...