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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...

Member companies of the Association of Bermuda Insurers and Reinsurers employ nearly 16,000 people in Europe and operate in 20 EU member states. The information is highlighted in a release from Abir, based on its annual economic impact survey. The su...

Apollo’s proposed takeover of Aspen Insurance Holdings could be derailed in the event of major catastrophe losses in the coming months. The Bermudian insurer and reinsurer agreed a $2.6 billion deal to be acquired by funds owned by US private-equity...

Maiden Holdings Ltd has sold the renewal rights for its US treaty reinsurance business to American reinsurer Transatlantic Re. The Bermudian reinsurer said it was also in advanced talks to sell its US subsidiary Maiden Reinsurance North America. Maid...

Hamilton Re’s 2018 two summer interns have completed a ten-week programme with the Bermudian-based reinsurer. Tomisha Goater and Amon Wedderburn gained insight into Hamilton Re’s diversified book of business and accelerated IT vision. This is the thi...

Bermuda-headquartered Sun Life Financial International has launched a new universal life insurance product for high-net-worth clients. Sun Global Optima is described as a flexible premium indexed universal life insurance product, which differs from t...

Two summer interns at Willis Towers Watson (Bermuda) have spoken about how the opportunities have increased their knowledge of the insurance industry. Courtney Brown and Kyra Dunstan are studying at universities in Canada. They underwent interviews b...

The final four months of the year will be busy for Bermuda, with the island hosting 13 business-linked conferences, forums and events. A further six conferences and events overseas will feature delegates of the Bermuda Business Development Agency and...

Argo Group US Inc and its subsidiaries have had their outlook revised to positive from stable by S&P Global Ratings. The companies are part of Bermudian-based Argo Group Holdings Ltd. S&P Global Ratings affirmed its “BBB-” long-term issuer credit rat...

Bermudian-based Legal & General Reinsurance is taking an active role in helping young Bermudians learn about and potentially establish a career in the insurance sector. It is doing so through a combination of scholarship, internship and graduate recr...

A $2 million retention award will be paid to Aspen Insurance Holdings’ chief financial officer if he stays with the company until January 1, 2020. Scott Kirk joined the Bermudian-based insurer in 2007 and became group CFO in December 2014. Details of...