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Pandemic-related claims are mounting for Bermudian re/insurers, as analysts project global losses of as much as $100 billion for the industry. Many companies in the island’s flagship industry have reported first-quarter earnings this month, featuring...

Bermuda’s health providers will next month update how they classify medical problems to help provide better coverage. The Bermuda Health Council announced this morning it would shift its medical diagnostic coding system from ICD-9 to ICD-10, which it...

A deal to sell a Bermudian-based reinsurer to a French mutual insurance group has been called off. A $9 billion cash agreement to sell PartnerRe to Paris-based Covéa was reached in March, but the French firm said that due to the “significant uncertai...

A summer internship programme will go ahead at Bermuda’s new re/insurer, Convex Re, even if Covid-19 pandemic restrictions mean the intern has to learn to be adaptive “in a work from home environment”. The $1.7 billion start-up, cofounded by insuran...

A discussion the future of the captive market and Bermuda’s role as the world’s leading captive domicile will be the focus of a virtual symposium on Thursday, which is being hosted by the Bermuda Business Development Agency and Captive Review. The ev...

Insurers would face an “existential threat” if they were forced to pay for two months of pandemic-related business interruption insurance losses by changes in the law already proposed in seven US states. That is the view of analysts at AM Best, who w...

A global insurance industry executive recruitment firm has opened an office in Bermuda. Eliot Partnership also announced the appointment of Britt Reiss as partner and director, Bermuda to head the operation, based in offices at 31 Victoria Street, Ha...

Bermuda is ideally placed to come to the fore in a new and better era for the reinsurance industry when the Covid-19 pandemic is over. Its track record for innovation and reinvention within the industry is among the reasons Ryan Mather has optimism t...

Business Staff An insurance industry conference in Bermuda that was to have happened in September has been cancelled, with the organisers now focused on bringing it back next year. The 2020 Bermuda International Life & Annuity Conference was schedule...

Argo Group International Holdings Ltd warned that it will book about $26 million in losses related to the Covid-19 pandemic in its first-quarter results. The Bermudian-based re/insurer said some of the losses related to business interruption coverage...

David Burt, the Premier of Bermuda, Cabinet ministers, career government leaders and other public and private-sector executives have done a tremendous job of managing the unmanageable Covid-19 pandemic. A debt of thanks is owed to all of them — as w...

Bermuda’s largest international reinsurers have proposed a slate of ideas designed to help get the island’s economy up and running again in the post-Covid-19 environment. Suggestions by the Association of Bermuda Insurers and Reinsurers include a par...