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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 ...

With the furore of the “Paradise Papers” swirling across the international media, David Burt met the controversy head-on when he spoke to a room of delegates at the GR Innovation & Insurtech conference. And he also told a packed conference room that ...

It is almost assured that at this point, given the strong equity market returns seen over the last few years, many investors will undoubtedly have a series of internal debates over when to sell. It would seem it is almost unarguable to suggest marke...

Disruption and the huge opportunities it’s creating for re/insurers is expected to dominate discussions at the 12th annual PwC Bermuda/S&P Global Bermuda Reinsurance conference, which starts on Tuesday. The insurance industry forum takes place this y...

Dear Dave, What are some ways to teach preteens the value of giving versus getting during the holiday season? PHIL Dear Phil, As a parent, one of the best things you can do is be a living, breathing example of the importance of giving and caring abou...