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Concern that warming global temperatures will create more powerful tropical storms and hurricanes, and potentially costlier catastrophes for insurers, appears to have been borne out during the past six months, with both the northern and southern hemi...

International General Insurance Holdings Limited reported net earnings of $35 million for 2015, an increase of 2 per cent from the $34.3 million from 2014. The group, which is registered in the Dubai International Financial Centre, has its primary un...

ILS Property & Casualty Re Ltd, a licensed Bermuda reinsurer, has acquired Rampart Insurance Company, a New York-licensed reinsurer in run-off. The Bermuda firm is a wholly owned subsidiary of ILS Property & Casualty Master Fund Ltd, which is managed...

Hundreds of full containers remain on the dockside in Hamilton as a result of two days of industrial action. Although containers were unloaded from the Somers Isles and Bermuda Islander last week about 200 containers have not moved since Thursday w...

The Shadow Minister of Home Affairs has expressed “serious concerns” about the future of the Post Office, suggesting the Bermuda Government may be planning to close it for good. Speaking in the House of Assembly last week, Walter Roban pointed to th...

Those interested in pursuing a career in insurance may want to attend a seminar next week on one particular aspect of the business. Tawana Tannock, the vice-president of claims and compliance at Bowring Marsh, will host a two-hour seminar titled ‘Day...

Dear Dave, My boyfriend is wondering if he should buy life insurance for his mom and dad. They're both in their seventies, and they're no longer married to each other. His mom is disabled and remarried, and she doesn't have any life insurance coverag...

Part two of lowlights in the 2016-2017 Bermuda Government Budget, a 54-page, meticulously prepared document containing shrewd observations on our local environment: finances, investments, government infrastructure and assets, impact on population, se...

Ratings agency AM Best has affirmed financial ratings of Bermudian-based Hamilton Insurance Group’s companies. AM Best retained the A- (excellent) financial strength rating of Hamilton Re, Hamilton Specialty Insurance Company and Hamilton Insurance C...

Nearly 200 insurance and reinsurance executives from Bermuda are to join Government and regulators at a major industry conference in the US in April. The Bermuda Business Development Agency is coordinating the island presence at the annual Risk and I...

The Liberian tanker Sigma Triumph is being diverted to Bermuda so an ill crew member can be taken to hospital. The crew member has been suffering from abdominal pain since Monday. The Bermuda Maritime Operations Centre was contacted at about 8pm thi...

Traver Alexander has been promoted to a key role within the Association of Bermuda Insurers and Reinsurers. He has been appointed senior public policy and regulatory affairs representative for the organisation. Mr Alexander will continue to have resp...