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BFIS has sent a team of students to the US to get experience in insurance markets there. Eight interns left for Atlanta and Chicago on Saturday for the two-week, Intro to Insurance Programme. The Atlanta group consists of Walker Campbell, an economic...

Insurance brokerage Intrepidus Insurance Services (Bermuda) Ltd has had its registration cancelled by the Bermuda Monetary Agency. The BMA took the enforcement action after investigating a complaint made about the company’s business practices and con...

A group of the largest commercial re/insurers in the Bermuda market wrote nearly $100 billion in gross premiums last year. The Association of Bermuda Insurers and Reinsurers released its underwriting survey, in which 21 of its 23 member companies par...

Two female industry veterans who have made it to the top in male-dominated businesses will be the speakers at an event to promote the professional development of women in the re/insurance sector. The Bermuda Insurance Institute is organising a 12-mon...

Bermudian-based Limestone Re Ltd is providing nearly $700 million of capacity to US insurance giant Liberty Mutual. Limestone this week announced an issuance of $278 million in notes purchased by insurance-linked securities investors — the latest in ...

Reinsurance rates have increased this year after last year’s expensive catastrophes but momentum is fading and could vanish heading into next year. That is the view of analysts from Standard & Poor’s, who said some Bermudian reinsurers had seen an en...

Bermudian-based Everest Re Group Ltd has launched a new transportation and logistics business segment within Everest Insurance, led by Jeff Engelbrecht. It will offer customers multiple lines of coverage, including workers’ compensation, employers’ ...

A reception to honour one of Bermuda’s captive industry stalwarts is being held on Friday. Michael Frederick Bott, who died last year, came to Bermuda in 1968 and had a long career in the captive and risk management sector. Born in the English Midla...

Bermudian-based insurance holding company Sirius International Insurance Group Ltd is to merge with asset management company Easterly Acquisition Corp. The combination will result in Sirius becoming a publicly listed company, with shares to be listed...

Two senior US insurance regulatory leaders and the chief executive officer of the UK government-backed terrorism reinsurer will be keynote speakers at a 25th anniversary leadership forum hosted by the Association of Bermuda Insurers & Reinsurers next...

Legislation to enable insurtech experimentation and innovation to be trialled in Bermuda is being tabled today by the Bermuda Government. Not everyone will be able to play in the sandbox environment as eligibility criteria has also been proposed. It ...

Athene Life Re Ltd has donated nearly 100 laptops to 18 public schools through an initiative called “Computers for a Better Education”. The laptops are scheduled to be sent to eight primary schools and 10 preschools. Last year, Chip Gillis, CEO of B...