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The sinking of Carnival’s Costa Concordia could turn out to be the biggest insured loss in maritime history. And while not big enough to dent the re/insurance industry’s capital reserves, one analyst said the loss could ruin the year for the industry...

NEW YORK (Bloomberg) Carnival Corp.’s sunken cruise ship, the Costa Concordia, was insured by companies including Assicurazioni Generali SpA, RSA Insurance Group Plc and XL Group Plc, said three people with knowledge of the policies. The three are am...

Timing the market is notoriously difficult. While it's possible to accurately ‘see the future' more often than not that future comes to pass much sooner, or later, than expected. For investors, 2012 will be all about timing. The Maya thought 2012 wou...

The increased number of insurance companies setting up in Bermuda reflects the continued confidence shown in the Island by the international marketplace and its expertise in global risk financing. That is the view of Peter Willitts, the new chairman ...

The Bermuda Insurance Institute (BII) is offering scholarship monies for people interested in entering the re/insurance field. Every six months the BII provides bursaries to help fund specific insurance training through the BII for Bermudians, spous...

A big increase in the number of catastrophe bonds and insurance linked securities (ILS) reflected in a proliferation of Special Purpose Insurers (SPI) contributed to the surge in new insurers setting up in Bermuda. That is according to Tim Faries, in...