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Sagicor is planning to establish a reinsurance operation in Bermuda, according to an International Monetary Fund report on Barbados. The financial-services giant moved its holding company to Bermuda last year, but continues to be operated from Barbad...

The US tax overhaul is symptomatic of growing protectionism around the world threatening the global business model of Bermudian reinsurers. That is the view of Bradley Kading, outgoing president of the Association of Bermuda Insurers and Reinsurers, ...

The impact of hurricanes Harvey, Irma and Maria, and major wildfires in the US, is clearly shown in a graph tracking combined ratios for reinsurance companies. Data up to the end of the third quarter shows that this year is on track to be the worst y...

A new company is to offer enhanced due diligence investigations and reports aimed at helping businesses avoid falling foul of increased regulations, and suffering reputational damage. Searchlight is a spin-off from Oyster Consulting (Bermuda). The te...

A few years ago I started a column called “Good Reads for Christmas,” which was written for entertainment and inspiration at this time of the year. Dear readers, we realise your tolerance level during the holidays for all things financial is about ...

Dear Dave, My wife and I both lost our jobs a few weeks ago. She began a training course for a new job last week, and I’ve been interviewing. We cashed in an annuity the other day because things have been tight, and we were wondering if we should use...

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...