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Bermuda Commercial Bank (BCB) has announced it has partnered with Muzinich & Co to expand the asset management solutions it offers. Muzinich & Co is a global institutional investment manager specialising in corporate credit strategies dedicated to g...

Captive reinsurer Equator Reinsurances Limited (Equator Re), which has been domiciled in Bermuda since 1984, has decided to increase its presence here, moving personnel to the Island and leasing new office space. Though the company has actually been ...

Premier Paula Cox yesterday hailed comments to The Royal Gazette by Fitch Ratings senior director of insurance Brian Schneider. “The naysayers often point to other jurisdictions and undermine Bermuda at every turn, but, when independent experts like...

The growth of alternative sources of capital — such as catastrophe bonds — in the reinsurance market can be complementary to traditional reinsurers, rather than being regarded as a threat. That is the view of Stephen Young, chief underwriting officer...

The Bermuda insurance market remains strong, despite the departure of a number of holding companies and C-suite staff from the Island in recent years, says XL Re CEO Jamie Veghte. Global business insurer XL Group is now based in Ireland, having moved...

MONACO (Reuters) - Reinsurers, largely spared by the credit crunch and euro zone crisis, will be pondering why their good fortune has not been rewarded by the stock market as they hold their annual get-together this week in the Mediterranean resort o...

Bermuda provides a stronger regulatory environment for insurers than the Cayman Islands and is likely to benefit from its quest for Solvency II equivalence. That is the view of Fitch Ratings senior director of insurance, Brian Schneider, who suggeste...

Reinsurers were taken by surprise last year by a slew of catastrophes in the Asia-Pacific region that were outside the scope of the computer models they use to evaluate the risks they take on. Now catastrophe modellers like AIR Worldwide, who create ...

While Bermuda’s banks remain in good shape financially, they have sharply increased provisions for bad debt as a result of Bermuda’s “poor economic fundamentals”, the Bermuda Monetary Authority said yesterday. The Authority’s Banking Digest for the s...

As reinsurance executives converge on Monte Carlo this week, a new report assesses the state of the reinsurance industry. Aon Benfield, the global reinsurance intermediary and capital advisor of Aon, yesterday released the September 2012 edition of ...

While most Bermuda residents spent last week preparing for a hurricane, but many reinsurance executives were evacuating for another reason: they were travelling to Monaco for the 2012 Reinsurance Rendezvous. At the annual event in Monte Carlo, the gl...