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Three of Bermuda’s newest hedge-fund backed reinsurers came under scrutiny yesterday after an international article published by Bloomberg called into question whether the companies’ billionaire backers are exploiting a loophole for US tax avoidance....

(BestWire) Despite some emerging concerns regarding implementation of European Union Solvency II requirements, the Bermuda Monetary Authority will continue efforts to meet an EU equivalency standard that is part of the directive, said Shelby Weldon, ...

Former XL CEO Brian O’Hara and Axis Capital chairman Michael Butt will be offering advice and guidance on leadership this weekend to participants on a business leadership programme created by Wharton University and the Bermuda Insurance Institute. Th...

NEW YORK (BestWire) — Developers of catastrophe models will spend years digging through the data cache left behind by Hurricane Sandy that one modeller called a “treasure trove” of information, which will help address challenges in modelling Northeas...

It’s one of the largest and oldest insurance institutions in the world, with 325 years of history and tradition, but a digital revolution of sorts is taking place at Lloyd’s of London. A new iPad app launched at Lloyd’s this week is being hailed a ‘...

A massive asteroid passing dangerously close to Earth and a meteor falling over Russia are just a couple of reminders that space risk is on insurers’ radars. The meteor that exploded in the sky above Russia on Friday is estimated to have shattered m...

It is annual year-end pension review time again. The Bermuda National Pension Scheme 2012 fourth quarter / annual summary reports should have been received by all enrolled pension participants. This mandatory pension scheme (for the majority of able...

The markets are on hiatus waiting for the moment when the US debt ceiling is sorted out, then they might wait again for the “fiscal cliff” issue to be resolved. However it is clear US politicians don’t have the guts to take the medicine they need to ...

Allied World Assurance Company Holdings last night reported strong full-year 2012 results despite taking a hard hit from Hurricane Sandy in the fourth quarter. Net income for the year was $493 million, compared to a net income of $274.5 million for ...