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In this article, I continue the discussion of a reader’s question regarding the Bermuda Government and its global financial information-sharing agreements (IGAs/Fatca) and the role of local financial institutions to identify all of their account hold...

Dear Dave, My wife and I argue a lot about finances. We’re trying to get more control over our money, and she has been listening to you. That’s helped a lot. She’s also a lot more frugal than I am, and our biggest point of contention right now is how...

US insurer Allstate is behind a new $375 million cat bond to be listed on the Bermuda Stock Exchange. The BSX announced yesterday that the Sanders Re 2017-1 cat bond had been admitted for listing. The bond will cover Allstate and its subsidiaries ag...

In a search for greater diversity and income potential in the face of competition and unattractive economic conditions, reinsurers that in the past had not had a significant primary insurance component appear to be moving in that direction. “We are s...

Jonathan Kent, Business Editor Bermuda’s re/insurance market is battling against deteriorating profitability in a tough market, according to analysts from rating agency AM Best. But balance sheets remain strong and companies have reduced their risk e...

Law firm Conyers Dill & Pearman is to rebrand its international support arm Codan to Conyers Client Services. Narinder Hargun, director and co-chairman of the Bermuda branch of CD&P said: “We have built strong teams in our legal and client services b...

Japanese insurance giant Sompo has listed a $480 million catastrophe bond on the Bermuda Stock Exchange. The BSX announced the Aozora Re 2017-1 issuance’s admission for listing yesterday. The bond will provide Sompo with a four-year source of collate...

Oil Casualty Insurance notched up net income last year of $1.7 million — its sixth consecutive year of profit. The company reported written premium of $166 million for the year ended November 30 last year, an increase of $14 million on 2015. And audi...

A specialist Lloyd’s of London insurer has teamed up with Bermuda’s Fidelis Insurance in a quota share agreement. The agreement covers Lloyd’s Syndicate 2007’s US property catastrophe treaty excess of loss portfolio for this year. Richard Holden, hea...

Colonial’s wellness programme has received a makeover and a new name in a bid to get more people off the couch. Since the insurer introduced the programme it has seen more than 5,000 participants in more than 60 companies leading a healthier lifestyl...

Oil Insurance declared a $62 million underwriting loss for last year at its annual meeting last week. The company said, after including net investment income and administrative expenses, net income for the year totalled $210.4 million. Oil’s board of...

Bermuda Business Development Agency leads an industry delegation to Santiago, Chile and Lima, Peru next week to host executive forums on the value of Bermudian-based captive insurance. The regional outreach includes meetings with prospects and servic...