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Insurers have a great opportunity to benefit from fintech innovation — but there are so many insurtech start-ups that some will fall by the wayside. That is the view of Mark Watson, chief executive officer of Bermudian-based Argo Group, who was speak...

An annual event to raise awareness of the need for diversity and inclusion in the workforce will this year also kick-start a campaign calling for action. The Dive In Festival, a re/insurance industry initiative, will take place in Bermuda and numerou...

Twelve people are to lose their jobs at Markel Bermuda in the insurer’s accounting and finance department. A source said that 11 of the staff to be let go are Bermudians. Employees were informed of the news late yesterday afternoon. A Markel spokesma...

Lancashire Holdings Limited has announced two promotions to fill the roles performed by Sylvain Perrier, who will switch to a constancy position in the new year. Mr Perrier has been with Lancashire since it was formed, as group chief actuary from 200...

Everest Specialty Underwriters Financial Lines group has added three cyberliability team members. Raphael DaCosta, Melissa Bell, and Jenna Belous have joined the team which is led by Kevin Sherry, vice-president and cyber practice leader. The cyber ...

Blockchain initiatives are being pursued by four out of five companies that were surveyed by PwC. Insurers and reinsurers are among those exploring the technology’s potential to transform the industry. The topic was raised at the Reinsurance Rendez-V...

Bermuda could spark a “reinsurtech” revolution, which combines insurtech with the island’s reinsurance expertise, according to panellists at an industry round table of experts hosted by AdvantageGo. The panel also noted he business environment on the...

US tax reform does not mean the end for Bermuda as a reinsurance domicile — but the new tax rules have sparked changes in the way that some risks are being managed. That was one of the takeouts from the AM Best webinar on “The State of Global Reinsur...

Bermudian reinsurer RenaissanceRe has been working with insurtech firm Piprate and broker Tiger Risk Partners on a data-sharing platform based on blockchain technology. Irish company Piprate said today that it successfully completed its first commerc...

Bermudian-based insurtech start-up Envelop Risk has struck an underwriting partnership with global re/insurer MS Amlin. Envelop, a specialty cyber re/insurance analytics and underwriting firm, made the announcement at the Rendezvous reinsurance event...

As insurance-linked securities head for a record year of issuance, Brian Duperreault has spoken of the huge potential ILS presents for American International Group. He said it is a way to reduce volatility for the company, and is something that will ...

Bermuda’s reinsurance market is facing multiple challenges, but it attractiveness to companies remains strong, says ratings agency AM Best. In a report on the global reinsurance sector, Best said challenges faced by the island’s flagship industry inc...