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The Bermuda market’s relevance to the global reinsurance industry remains undiminished, even as the number of companies on the island has shrunk through consolidation. That is the view of Arthur Wightman, PwC Bermuda leader and regional insurance lea...

Bermuda will have a new publicly traded insurer and reinsurer, as of today. Sirius International Insurance Group, Ltd will trade on New York’s Nasdaq Stock Exchange under the ticker symbol “SG”. The development has come about through Sirius’s previou...

Argo Group International Holdings achieved operating income of $23.5 million, or 68 cents per share, in the third quarter, beating analysts’ estimate of 56 cents. The operating income was 141 per cent higher than the same period last year. Profit for...

New technologies together with better data and analytics are changing the insurance industry, bringing efficiencies and savings for companies and consumers. But there are potential downsides and “unknowns” ahead, and the industry must also adjust its...

Bermudian-based Validus is celebrating the tenth anniversary of its student programme, and a number of former students who now work at the firm have spoken about how the programme helped them achieve their goals. Validus said the programme takes an h...

Aspen Insurance Holdings Limited made an after-tax loss of $15 million, or 38 cents per share, in the third quarter. Operating income was $36.9 million, or 49 cents per share, which missed analysts’ estimates of 79 cents. The Bermudian-based company ...

The financial strength of Bermudian-based Colonial Group International Ltd has been improved from A- to an ‘A’ (Excellent) rating by AM Best. The credit rating agency’s assessment was that the insurer has the financial strength and ‘excellent ability...

Argo Foundation has made a further contribution to the Bermuda Sloop Foundation. The philanthropic arm of Argo Group, the Bermudian-based insurer and reinsurer, has donated more than $125,000 to the sloop programme since 2009. The new donation will ...

The reinsurance industry is struggling to cover its cost of capital and needs to improve returns, given the substantial risks it covers. That was one of the takeaways from the AM Best Bermuda Insurance Market Briefing in Hamilton this week. Analysts ...

Argo Group International Holdings expects pre-tax catastrophe losses of approximately $25 million for the third quarter of this year. Hurricane Florence, Typhoon Jebi and other catastrophe and weather-related events during the three-month period are...

Insurance jobs will inevitably go over the next decade as the role of technology grows in the industry — and the survivors will be problem-solvers who show they can add value to their companies. That was one of the takeaways from a panel at the Bermu...

Reinsurers are strong enough to withstand losses from Hurricane Michael and the event is unlikely to be big enough to move the market. That is the view of three rating agencies which commented after the Category 4 storm hit the Florida panhandle area...