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LONDON (Bloomberg) — Slowing demand for oil tankers may lead to financial difficulties for ship owners, according to Bermuda-based Frontline Ltd, the world’s largest operator of supertankers. An increase in oil-tanker earnings, spurred by demand for ...

XL Group CEO Michael McGavick has been elected as the new chairman of the board for the Association of Bermuda Insurers and Reinsurers (ABIR), effective January 2013. He succeeds Arch Capital Ltd’s president and CEO Constantine (Dinos) Iordanou who ...

Claims related to Hurricane Sandy appear set to be split almost 50-50 between primary insurers and reinsurers, according to a report by DowJones. The report cites estimates from JP Morgan, which estimates Sandy will cost the industry up to $25 billi...

The Bermuda Insurance Development Council (IDC) has recognised insurance industry volunteers who became Island “ambassadors” at the Bermuda exhibit during the week of the Risk & Insurance Management Society (RIMS) Conference in Philadelphia this past...

If you’re a weather buff, you can win $5,000 for making the right hurricane and storm predictions. In a nod to the value of crowdsourcing as an effective forecasting method, the Risk Prediction Initiative (RPI2.0) has kicked off its seasonal forecas...

Bank deposit interest rates are still so low, so tedious in their predictability, and so discouraging for the fierce saver, it would seem that investors would be flocking to invest in equity markets. The opposite, however, is still true. Investors a...

Last summer, I wrote here about the impending fiscal cliff (“Fiscal Cliffhanger”, July 28, 2012) and explored the issues surrounding America’s steadily escalating policy uncertainty which had already begun to impact economic growth. And now with jus...

Three weeks after Hurricane Sandy slammed into the New Jersey coast, one insurance company there says it has fielded more than twice the amount of claims the company got from Hurricane Irene. According to a report by Best News Service, New Jersey Ma...