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Insurers and reinsurers won’t know the final bill for Hurricane Sandy until after business returns to normal in New York and flooding in the path of the biggest Atlantic storm in history is fully assessed. And while there may be homeowners disputes a...

Munich Re has sponsored a $75 million cat bond that will be listed on the Bermuda Stock Exchange. The German reinsurance giant has regularly used the Island to raise extra capacity through its Queen Street series of transactions. Queen Street VII Re ...

Allied World Assurance Company Holdings last night reported net income of $219.6 million for the third quarter and comfortably beat analysts’ expectations. The Switzerland-based re/insurer with substantial operations in Bermuda posted operating earni...

Montpelier Re Holdings reported its third quarter net income swung to $71.7 million from a loss of $66.2 million in the same period last year, thanks to lower catastrophe losses. The company easily beat the expectations of Wall Street analysts posti...

NEW YORK (Reuters) - Hurricane Sandy appears to have easily caused more losses than last year’s Hurricane Irene, but final totals will be hard to come by for some time because of the scale of the disaster, catastrophe forecasting companies said yeste...

Economy, Trade and Industry Minister Patrice Minors has offered to issue temporary work permits immediately for Bermuda international businesses needing to relocate staff to Bermuda because of Superstorm Sandy. In a statement last night Ms Minors sai...

Hurricane Sandy, now the largest hurricane ever recorded in the Atlantic, has the potential to become one of the most expensive as well — causing some of the largest losses the global insurance industry has faced this year. The catastrophe modelling ...

Representatives from America’s insurers and their Bermuda reinsurers are on the US West Coast this week, watching the advance up the East Coast of the killer storm, Sandy. They are in Dana Point, California for the Annual Meeting of the Property Casu...

Those who attended LOM’s market update luncheon at the Hamilton Princess last week may recall our thesis that the US is one of the few major economic powers capable of pulling the world out of its present slump. As the ‘cleanest dirty shirt’ in the ...

Considerable commentary seen lately regarding the demographics of the potential continued domestic employee population in Bermuda. I say, potential, because it is a statistical fact that unemployment among Bermudian residents is high and continuing t...