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Third Point Reinsurance Ltd has announced a secondary public offering of 14 per cent of the Bermudian company’s outstanding shares. The offering involves 15 million shares being sold by major shareholders KIA TP Holdings and KEP TP Holdings, managed ...

The thing about money — we all need it. “Money bewitches people. They fret for it, and they sweat for it. They devise most ingenious ways to get it, and most ingenuous ways to get rid of it. Money is the only commodity that is good for nothing but t...

Dear Dave, Do you have any tips for how single people can stay on track with their finances? — Deb Dear Deb, The first thing I’d suggest is the same advice I give to married couples, and that is to spend less than you make, and live on a written, mo...

A few years ago, I wrote: “The economy will one day improve, and the millennials will move out of their parents’ basements. When that happens, expect to see homeownership rates move back higher.” That day has arrived. Millennials are forming new hous...

Lego bricks and sandboxes were part of a business conference discussion on fintech, insurtech and opportunities for Bermuda. The question of supervision, regulation and external influences on Bermuda regarding tech-based start-ups was the focus of a ...

In the face of the coming “insurtech tsunami”, Craig Swan of the Bermuda Monetary Authority has given pointers to the way ahead. And it is all about moving forward, staying relevant and adapting to rapid changes. Those are ingredients for Bermuda’s c...

Insurers should be ashamed every time a major event results in a large gap between economic losses and insured losses, according to Mike McGavick. Mr McGavick, chief executive officer of Bermudian-based XL Catlin, said one take from Hurricane Maria a...

The Bermuda reinsurance market has proved its resilience — but the industry needs to embrace disruption in order to claim future opportunities. That is the view of Arthur Wightman, PwC Bermuda leader and insurance leader, who told delegates at a conf...

Bermuda has a role to play in the development of fintech and insurtech, but there are differing view about the extent to which the island is likely be involved. The question of how insurers and reinsurers can deploy capital in fintech and insurtech o...

US lawmakers were yesterday considering revisions to the section of a tax overhaul bill that would have a costly impact on some Bermudian-based insurance groups. Meanwhile, Mike McGavick, chief executive officer of Bermudian-based XL Catlin, said eve...

Reinsurers need to innovate and embrace technology if they are to survive and thrive — and transformational disruption will need to be from within organisations as well as from the outside. There is also a pressing need to attract more of the millenn...

There is a huge gap — tens of billions of dollars wide — between the third-quarter catastrophe loss estimates of reinsurers and those of risk modellers. But whatever the true losses turn out to be, reinsurance prices are likely to rise significantly ...