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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 ...

Robert Patten has joined Hamilton Underwriting Limited as head of casualty. He previously filled the same role with Novae Insurance, and he has almost 40 years experience in the industry, having worked at a number of companies, including Aspen, XL Eu...

Who is going to be the largest insurer or reinsurer that doesn’t retain underwriting risk? It was a serious question, and when Anup Seth, of Aon Insurance Managers, posed it he was sitting alongside the chief executive officer of one possible contend...

Tough negotiations on January 1 reinsurance contract renewals have been likened to a “Mexican standoff” by some Bermudian executives. A report from Keefe, Bruyette & Woods said that the initial post-catastrophic “euphoria” over potential price increa...

Brit Ltd has launched new collateralised reinsurance vehicle Sussex Capital on the island. The move from the Lloyd’s of London insurer comes just a week after Brit announced that its captive insurer Brit Re will redomesticate to Bermuda from Gibralta...

A group of Bermuda’s high-performing students took front row positions at the EY Global (Re)insurance Outlook event, and they were encouraged to consider careers in the insurance sector. With the industry facing the expected retirement of almost 400,...

A trek that raises money for Bermuda students attending Georgia State University, Atlanta, has been held for the 14 years. About 50 participants tackled the walk from Somerset Bridge to the Swizzle Inn. The annual Bermuda Trek also brings attention t...

Dear Dave, I just accepted a new job that will pay me $30,000 a year more than my old position. I’ve got about $55,000 in debt I’ve been working hard to pay off, and I know now I need to adjust my budget. Do you have any advice? MITCH Dear Mitch, The...

The act of Christmas holiday shopping conjures up highly amusing and sometimes outrageous scenarios on global social media. For example there are images of individuals frantically besting (or beating up) each other for the most in-demand wishlist ite...

Bermudian-based Horseshoe Fund Services has won the Global Custodian Industry Leader Award for private equity fund administration value. The Global Custodian, a publication in the alternative investment industry, conducted a global survey of major fi...

David Schick is the new group chief operating officer at Aspen Insurance Holdings Limited. He replaces Richard Thornton who is leaving the company after almost four years. Mr Schick was formerly an executive vice-president at Maybank. Chris O’Kane, g...