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Bermudian-based insurers and reinsurers will likely see continued firming of pricing in 2020, with surplus growth and modest gains in underwriting profits driven by organic growth opportunities and solid capital levels, according to Fitch Ratings. R...

Bermuda maintained its position as the premier jurisdiction for captives last year, with a total of 715 captives writing gross premiums of approximately $40 billion, according to the Bermuda Monetary Authority. Twenty-two new captives registered in 2...

Ahead of its fourth-quarter earnings report, Axis Capital Holdings Ltd has said its results will be impacted by a pre-tax loss of $140 million for catastrophes and other weather-related events. The Bermudian-based insurer and reinsurer said those los...

Hamilton Insurance Group has appointed Brad Sforza to senior vice-president, head of property reinsurance, for its new US reinsurance platform. Mr Sforza was previously with PartnerRe, where he was vice-president, property and multiline treaty. He j...

The world’s first captive insurer to provide custody insurance for cryptocurrency assets has been set up in Bermuda. US cryptocurrency exchange Gemini has established the captive, named Nakamoto, to provide itself with insurance that has proved diffi...

Civil unrest in Hong Kong and Chile, together with tornadoes and wildfires in the US, and a typhoon in Japan, contributed to estimated net pre-tax catastrophe losses of $430 million for Chubb Ltd in the fourth quarter. After tax, the estimated catast...

Global reinsurance, wholesale and specialty broker Ed has boost its team with the Bermuda appointment of Colin Kelley, who was previously with Sompo International. He has been announced as the head of Ed’s new liability division in Bermuda, and will ...

From coffee beans and non-plastic cutlery, to LED light bulbs and motion-sensor lighting, Chubb Ltd has found ways to make its Bermuda offices more energy efficient and environmentally friendly. So much so that last month its building on Woodbourne A...

Markel Corporation has appointed Bermudian Margot Green as head of Bermuda claims. She will manage the Bermuda professional liability and property claims teams, in addition to the casualty claims team that she currently manages. In addition, she wil...

London-based wholesale broker Tysers has announced a minority investment in Bermudian-based Helix Underwriting Partners Ltd. Helix was incorporated in December 2018 as the first multi-line, independent managing general agent in Bermuda, Tysers said. ...

Two board appointments have been made by Catalina Holdings (Bermuda) Ltd. The company is a long-term consolidator in the non-life insurance and reinsurance run-off sector. It has appointed Bruce Hemphill and Thomas Sorell as non-executive directors....

Helix Underwriting Partners Ltd has started a Bermuda platform and entered its first agency agreement to underwrite middle market property insurance on behalf of QBE in Bermuda. Helix was incorporated in December 2018 as the first multi-line, indepen...