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Cyber coverage and cybersecurity solutions will be the focus of the inaugural NetDiligence Cyber Risk Summit Bermuda, at the Hamilton Princess and Beach Club next month. The two-day event has a cocktail reception on March 13, with the following day f...

Registration is now open for the 15th Bermuda Captive Conference to be held on June 10 to 12 at the Fairmont Southampton hotel. The three day-conference, Bermuda’s largest industry event, this year has adopted the theme “Elevate”, encouraging risk ma...

Bermuda was home to 711 active captive insurance companies at the end of last year. The figure was down by 28 from 12 months earlier and down by 65 over the past two years. Bermuda Monetary Authority said yesterday total captive premiums amounted to ...

Bermuda’s long-term insurance and reinsurance industry is marking a banner year of increased company registrations, driving vital job growth in the jurisdiction. The number of Bermuda-based companies in the sector, which provides global coverage of l...

Bermudian-based reinsurer Maiden Holdings is facing a class-action lawsuit which alleges that it made “misleading statements” about its business. Several law firms yesterday posted press releases to persuade investors who had lost money from the shar...

David Burt met with leaders of the Bermuda International Long Term Insurers and Reinsurers at Camden on Wednesday. The discussion included how the Bermuda Government can work with Biltir to grow the long-term insurance industry in Bermuda and increas...

Our investment focus is primarily on global companies, but we do keep an eye on the local market. Recently, a concerning chart pattern in Bermuda-headquartered Maiden Holdings caught our attention. Maiden stock has fallen over 85 per cent in the past...

Catastrophe losses drove Aspen Insurance Holdings Ltd to a net after-tax loss of $146.8 million for the fourth quarter of last year. The quarter’s costly events included wildfires in California, Hurricane Michael in the US and Typhoon Jebi in Japan. ...

White Mountains Insurance Group has reported a $141 million comprehensive loss attributable to common shareholders during the fourth quarter. For the full year, the loss was $146 million. That compares with comprehensive income of $23 million and $63...

Chubb Limited has reported fourth quarter profit of $355 million, or 76 cents per share, a fall of about 76.8 per cent year-on-year. Core operating income was $935 million, or $2.02 per share, down from $3.17 per share, however that beat Wall Street ...

Qatar Insurance Company, the parent of Bermudian-based Qatar Re, made a profit of $182 million last year. Gross written premiums were $3.5 billion, an increase of 8 per cent. Although the company was impacted by severe catastrophe losses in the secon...

Bermudian-based White Mountains Insurance Group Ltd will receive an $85 million cash payment as the result of a deal involving a company in which it owned a majority stake. MediaAlpha has signed a definitive agreement to sell a significant minority s...