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The Bermuda Captive Owners Association is resurrecting itself and is actively trying to recruit new members. The once-dormant group is starting a new marketing and rebranding campaign under the direction of William Montanez, chairman of BCOA. Mr Mont...

Momentum for increasing reinsurance rates following last year’s string of natural disasters could be short-lived, resulting in only a brief interlude in a continuing soft market, according to a report on the industry by analysts from rating agency AM...

Two reports released in as many weeks confirm what brokers and underwriters on the Island have sensed for a few months now: the property and casualty (P&C) insurance market is showing signs it’s beginning to harden. Historically, the P&C insurance i...

Bermuda reinsurer Platinum Underwriters Holdings Ltd last night reported net income of $53.3 million for the first quarter despite being hit by almost $25 million in catastrophe losses. It was a huge swing in the right direction for Platinum from a ...

More captives are forming ‘onshore’ in the US than in offshore locations like Bermuda and Cayman. This is one of the findings coming out of Marsh’s 2012 Captive Benchmarking Report, which found that from 1991 to 2000, 65 percent of the captives forme...

A new book celebrating the Bermuda Post Office’s Bicentennial makes the Island one of the few countries in the world to officially record its postal history. Liz Jones’ ‘The Bermuda Post Office Bicentennial — 1812 to 2012’ will be in stores next week...

Major catastrophe losses shaved three percent from total worldwide reinsurer capital last year according to a new study just released. The Aon Benfield Aggregate report, which analyses the year-end financial position of the world’s leading reinsurer...

Bermuda insurers’ profits were decimated last year by huge catastrophe losses, the latest figures from the Association of Bermuda Insurers and Reinsurers (ABIR) showed. Data based on 21 of ABIR’s 22 member companies showed that their combined net inc...