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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...

Global commercial insurance prices have risen for a third consecutive quarter, according to figures in the Marsh Global Insurance Market Index. There was a 1.2 per cent improvement in global insurance composite pricing during the second quarter of t...

The Association of Bermuda Insurers and Reinsurers has added Ascot Reinsurance Company Limited as a member of its board. Abir has also created the Abir Broker Advisory Cabinet with representatives from Aon, Guy Carpenter and Willis Towers Watson. Kev...

Everest Re Group Ltd has appointed Ike Barbatsoulis as chief reinsurance claims officer for Everest’s reinsurance division. He will be responsible for driving the strategic direction of the reinsurance claims organisation with continued focus on cus...

Insurers have faced a relatively quiet first half-year when it comes claims from global natural disaster losses. For the first six months of 2018, global natural disaster losses and insured losses are below the 10-year average, with only three single...

Maiden Holdings Ltd’s shares plummeted by more than 40 per cent yesterday, after the company announced the imminent retirement of both its CEO and CFO, and the slashing of its quarterly dividend by two-thirds. The announcements came as the Bermudian-...

Argo Group International Holdings beat analysts’ estimates as it recorded net income of $41.8 million for the second quarter. Operating income, which strips out one-off items and changes in the value of investments, was $32.9 million, or 95 cents per...

Four teams of university students have spent an intensive summer period as interns within the insurance markets in London, Atlanta, Chicago and Bermuda. Many of the students, who are all undergraduates, spoke about the experience at a presentation ho...

Aspen Insurance Holdings made a loss of $14.7 million in the second quarter, representing a loss of 38 cents per common share. That compared with net income of $75.8 million for the same period in 2017. The Bermudian-based company had operating incom...

Bermudian-based Qatar Re is playing a significant role in the growth of its parent company, Qatar Insurance Company, according to the company’s half-year earnings report. Doha-based QIC said its international carriers, the largest of which is Qatar R...

A California-based mortgage insurer has gained $264.5 million of reinsurance protection by issuing insurance-linked security notes that were listed on the Bermuda Stock Exchange yesterday. The three different tranches of notes issued by Bermudian spe...