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Bermudian reinsurers are renowned for providing protection for when the wind blows — but Nephila Capital has struck a deal to provide coverage for when the wind does not blow at all. Nephila, the world’s largest manager of insurance-linked securities...

Everest Re Group Ltd’s president and chief executive officer, Dominic Addesso, will retire at the end of the year. As a result, the company’s board of directors is undertaking a search as part of its succession planning process which will include a r...

Albert Benchimol has been elected as chairman of the Association of Bermuda Insurers and Reinsurers. The Axis Capital chief executive officer will act as the insurance industry body’s figurehead for 2019 and 2020, after Abir’s biennial election of n...

Liberty Mutual has completed a new transaction utilising the Limestone Re capital markets platform that provides approximately $150 million of collateralised reinsurance capacity for its US property catastrophe programme, as well as its US. homeowner...

Robert Vetch has joined Hamilton Underwriting Limited as chief financial officer, he succeeds Simon Barrett, who left the company last month. Dermot O’Donohoe, chief executive officer, said: “We pride ourselves on attracting some of the best talent i...

Aspen Insurance Bermuda has started the year with two fresh appointments. Darren Cann and Saadia Savory have joined the company from Aon Bermuda and Argo Re, respectively. Mr Cann has joined the company as senior vice-president, financial and profess...

Reinsurance prices remained stable in January 1 policy renewals, even in the face of above average insured losses last year — as abundant market capital generally offset upward pricing pressures. Natural catastrophe losses for the first half of last...

The Mentor Network Committee of the Bermuda Foundation For Insurance Studies switched up its Christmas networking lunch for college students by holding a coached interactive event. The event was held at O’Hara House on Bermudiana Road, courtesy of A...

Hannover Re’s Bermudian-domiciled Kaith Re vehicle has issued a $10 million private catastrophe bond transaction to cover California earthquake risk. The Artemis.bm alternative risk transfer news website reported that the so-called “cat bond lite” tr...

Insurtech investments rose to $1.3 billion in the third quarter, double the amount for the previous quarter, according to a report by Willis Towers Watson. While individual investment rounds were larger, the number of transactions reported declined 2...

Bermuda is leading the way in the insurance sector’s growing alternative capital market. The large insurance losses sustained as a result of hurricanes in 2017 resulted in more alternative capital being placed in the Bermuda insurance market. Comment...

Insurers and reinsurers in Bermuda need to step up their cybersecurity defences and strategic planning. The Bermuda Monetary Authority has carried out an assessment of the level of technology risk that faces the island’s commercial insurance and rein...