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The default of an insurance company has been in the headlines for the last couple of weeks. Emotions are high. Thoughts of policies lost, and monies out of pocket — never to be recovered, are angrily listed again and again. This is a just such a so...

The Lloyd’s of London insurance market saw its pre-tax first-half profit decline as falling bond prices hit investment returns, offsetting robust trading by its members. In a trading statement today, Lloyd’s said that investment returns fell to 247 m...

Validus Holdings is setting up a Swiss underwriting company, transforming the existing operations of Flagstone Reassurance Suisse. The company will be renamed pending regulatory approval and will enhance Validus Re’s global underwriting platform incl...

Having a strong brand outside the insurance sector and being politically savvy are among the top ten attributes reinsurance market leaders of the future will likely need. This according to a new report by PwC Bermuda, entitled ‘Reinsurance 2020: Brea...

Reinsurers need to compete on more than just price to have any chance of survival as the market faces a “near perfect storm”, according to a new report by PwC Bermuda, entitled ‘Reinsurance 2020: Breaking the mould’. The PwC report found risk insigh...

Tokio Millennium has given a third donation of $10,000 to support BFIS, the Bermuda Foundation For Insurance Studies. It is the third donation to BFIS from the global reinsurer. BFIS Chairman, Michael Fisher thanked Tatsuhiko Hoshina, president and C...

Bermuda’s insurance sector could get a financial shot in the arm from debt in emerging markets, according to an HSBC expert. Nathan Chaudoin, a New York-based specialist in emerging market debt at the global bank, said: “It’s an asset class which is ...

Jardine Lloyd Thompson Group plc (JLT) and Towers Watson have announced that JLT will acquire the reinsurance brokerage business of Towers Watson. The cost of the deal is reported as $250 million. A Towers Watson release stated that upon completion, ...

Law firm MJM Limited announced that Timothy Frith was called to the Bermuda Bar yesterday. His practice encompasses commercial, insurance, company and insolvency matters and he has wide ranging experience of court, advisory and drafting work in all a...