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RenaissanceRe Holdings Ltd expects a $40 million reduction in income as a result of the passing of the US tax Bill. In a statement, the Bermudian-based company said it had conducted a preliminary assessment of the Tax Cuts and Jobs Act of 2017, which...

John Huff says he will have “big shoes to fill” when he takes over from Bradley Kading as president of the Association of Bermuda Insurers and Reinsurers on January 1. And Mr Huff, formerly president of the National Association of Insurance Commissio...

US tax reforms approved this week by the US Congress will be “credit negative” for the Bermuda re/insurance market, Fitch Ratings says. The US credit rating agency added that it expected the tax reforms, which will take effect from January 1, to ben...

Western Union is looking to work with a new partner in Bermuda to undertake international money transfers. The global financial-services giant told The Royal Gazette that its services on the island were unavailable now as its agent had “ceased money ...

Hamilton Underwriting Ltd has agreed a deal that will see it transfer the legacy book it inherited when it bought Sportscover Underwriting Ltd in 2015. “This transaction enables us to focus on the 2015 and post years of account as we continue to buil...

Aspen Insurance Holdings Ltd has sold its US crop insurance business for $68.4 million and formed a strategic partnership with the buyer. Under the agreement with American agricultural risk-management firm CGB Diversified Services, Aspen has acquired...

Author’s note: this article was originally published half-a-decade ago. It has been revised to reflect Bermuda’s current debt situation. As at March 31, 2012, the Bermuda Government’s audited consolidated statements listed net debt of $2.42 billion;...

Barring a collapse in the last few weeks of the year, US stocks will post their ninth consecutive calendar-year gain once you include dividends. The only other time the S&P 500 has advanced for nine straight years on the basis of total returns was in...

Dear Dave, What do you think about online investing apps, and the way they allow you to jump in and out of stocks for really low fees? — Anonymous Dear Anonymous, I don’t think about them, and I don’t use them. And I don’t play single stocks — perio...

“Bionic underwriters” could soon be transforming the insurance industry, combining experienced judgment and human ingenuity, but supported and enhanced by the speed and strength of technology. That was a vision expressed by Albert Benchimol, chief ex...

A panel discussion about the protection gap and how the insurance sector can address it got off to a blunt start when Michael Millette cast it as a fake issue. The phrase describes the shortfall that exists between insured losses and total economic l...

Risk industry professionals across all levels and responsibilities in the US have received an average base salary increase of 3.5 per cent this year. In Canada, the average salary rise was 2 per cent. Those details are among the findings in the Rims ...