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Bermudian data scientist Emmanuel Smith has joined the technology team of insurtech company Envelop Risk, at its UK office. It is expected that Mr Smith will lead several important projects at the firm, a global specialist reinsurance managing genera...

The 2020 Bermuda Captive Conference will be hosted on a virtual platform for the first time in response to the continued uncertainty from Covid-19. The event, scheduled for September 9 to 11, will examine trends in the global captive market and brin...

Bermuda’s re/insurers have been raising billions of dollars in capital in recent weeks amid a time of uncertainty and opportunity in the industry. RenaissanceRe and Arch Capital have each announced $1 billion offerings this month, while Fidelis has d...

Nine Bermuda reinsurers hit with a number of high catastrophe-loss scenarios would be able to meet all their obligations, a stress test by financial regulators found. Tests conducted jointly by the Bermuda Monetary Authority and Britain’s Prudential ...

Technology could put most insurance underwriters out of a job over the next decade, says an industry expert. Peter Cullum, founder of London-based insurance broker Global Risk Partners and an executive with five decades of insurance industry experien...

A new reinsurer is in the process of setting up in Bermuda. Independent specialist legacy acquirer Compre has received regulatory approval in principle from the Bermuda Monetary Authority to establish a Class 3A reinsurer on the island. Compre said ...

British-based insurtech firm Nayms Ecosystems is opening an office in Bermuda. The company believes its smart insurance contracts can be applied to facilitate the underwriting of digital asset risk and to provide a liquid market for insurance-linked ...

Insurers and reinsurers are being urged to end all support for new oil and gas projects to help ensure that international climate targets are met. Bermuda’s major role in the reinsurance sector, together with the island’s vulnerability to stronger hu...

All visitors will need “appropriate health insurance” before they can enter Bermuda after the airport reopens — but that may be difficult to find during the pandemic. Many insurers are excluding coverage for claims related to Covid-19, as it is class...

Climate risk will be the focus of a webinar to be held on June 22, hosted by the Association of Bermuda Insurers and Reinsurers. The event has been staged to mark International Climate Change Day, and will feature Bermuda re/insurance market leaders ...

Bermuda is being viewed as a prime candidate to provide a home for a new wave of insurers and reinsurers, should one emerge in the wake of the Covid-19 pandemic. Some industry leaders believe a Class of 2020 is likely to be created to meet market dem...

A company that provides insurance cover for the theft or loss of cryptoassets has been licensed to operate in Bermuda. Evertas is using Artex Risk Solutions (Bermuda) as its insurance manager and representative in Bermuda. It is focused on covering i...