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The California Earthquake Authority, through its Bermudian-based special purpose insurer Ursa Re Ltd, has issued a $500 million cat bond to cover earthquake risk in California. The Series 2016-1 Class A notes will run for three years and become due ...

Bermuda attracted 160 delegates to the Latin American risk-management conference, Alarys Congress, in September. The event has been described as a major success for both the industry and the island. The attendees came from Argentina, Brazil, Colombia...

LONDON (Bloomberg) — Listening to Andrew Rear talk about insurers, you wouldn’t think he works for one that’s been around for 136 years. The 46-year-old head of Munich Re’s Digital Partners unit has said the industry is “one of the last bastions of t...

Bermuda Monetary Authority has released its first report to highlight the island’s reinsurance industry’s resilience to major, but improbable, catastrophic events. The Authority’s Catastrophe Risk in Bermuda Report gives a high-level overview of the ...

Hamilton Underwriting Limited, the Lloyd’s platform of Hamilton Insurance Group, has been given permission to increase its gross written premium by £52 million ($64.6 million) and to write two new lines of business. Syndicate 3334 had approval for a ...

Every month, we will answer general questions from readers about trips, traps, and tangled finances involving their international connections. The following case, that is actually an iteration of a number of similar cases, has been reconfigured to k...

Dear Dave, What is your opinion on micro investing apps? TAMMY Dear Tammy, Honestly, I’m not a big fan of micro investing apps. As you probably know, the word “micro” means small. So why would you want to mess with something like that? Are you going ...

Britain has revealed details of its plans to seize a slice of the global catastrophe bond business that Bermuda dominates. A new regulatory framework and exemptions from corporation tax for the sector are among the proposals put forward by the UK Tre...

Bermuda has the potential to be a leading light in the development and implementation of blockchain technology. A high-profile company researching and developing blockchain, R3, visited Bermuda and gave a demonstration of the potential benefits distr...

Blue Capital Global Reinsurance Fund Limited recorded a $6.8 million loss in October, primarily related to Hurricane Matthew. Ordinary shares of the company had an unaudited net asset value of $1.1216 at the end of October, which was 0.2 per cent dow...

Insurers have welcomed legislation aimed at tightening oversight of healthcare services and high-tech equipment. The Bermuda Health Council Amendment Act 2016 has been criticised by physicians as onerous — but the measures yesterday won the endorseme...

New shipping industry growth in Bermuda, the America’s Cup, and infrastructure developments were discussed by Kevin Richards when he spoke to the Shipping Podcast. Mr Richards is a business development manager at the Bermuda Business Development Agen...