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Insurance firms have raised nearly $100 million for a fund to upgrade the island’s infrastructure. The Bermuda Infrastructure Fund has now been officially launched in a bid to improve ports, docks, roads, bridges, industrial facilities and healthcare...

Bermudian Brian Hall, who is credited with taking the island’s captive insurance industry to global relevance, will receive the third Fred Reiss Lifetime Achievement Award at next month’s Bermuda Captive Conference. Mr Hall is a former director and p...

About $2.5 billion in insurance claims will emerge after a spell of severe weather in parts of the US, says catastrophe modelling firm Karen Clark & Co. The estimate relates to damage to residential and commercial properties and automobiles from a sp...

Upgrading technology is the number one concern for insurance and reinsurance executives, a survey found. AdvantageGo, a range of software products for the insurance industry from NIIT Technologies, surveyed 30 C-suite insurance and reinsurance profes...

A year-long series of events aimed at promoting the professional development of women in the insurance and reinsurance sectors will kick off later this month. When he was appointed to his role as chief executive officer of the Bermuda Insurance Indus...

Bermuda’s insurance-linked securities sector is continuing to boom after a year in which it was tested by significant hurricane losses. The Bermuda Stock Exchange ended April with total ILS market capitalisation of $28 billion, a record high for the ...

The annual BFIS Bermuda Summer Intern programme, now in its seventeenth year, commenced this week for six undergraduate students who will spend the next three weeks learning about how the Bermuda insurance industry works, the myriad careers and diffe...

The Relay for Life cancer charity event will this year honour one of its founders, former insurance executive Mike Barnfield. Mr Barnfield, a former chairman of Willis Bermuda, who teamed up with Ron Spencer to bring the 24-hour event to Bermuda in 2...

Bermudian-based insurer Colonial Group International Ltd is set to broaden its market presence in the Caribbean after it acquired a minority interest in Beacon Insurance Company Ltd of Trinidad and Tobago. The partnership agreement, which is subject ...

SOUTHAMPTON, Bermuda — Coral reefs, mangroves and even some fish could soon have their own insurance policies as the industry seeks new ways to boost protection for those affected by the ocean changes wrought by climate change. Warmer sea temperature...

Aspen Insurance Holdings Ltd is planning to set up a new insurance subsidiary in Ireland in response to Britain’s impending departure from the European Union. The Bermudian-based insurer and reinsurer said today that it had applied to the Central Ban...

Carol Redahan as been appointed senior vice-president, controller, by Hamilton Re. She will report to Vanessa Hardy Pickering, chief financial officer. Kathleen Reardon, chief executive officer of Hamilton Re, said Ms Redahan’s “experience and expert...