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White Mountains Insurance Group has reported a $48 million comprehensive loss attributable to common shareholders during the first quarter. For the same period in 2017, the Bermudian-domiciled company made a gain of $29 million. White Mountains repor...

Richard Branson, one of the world’s most successful businessmen, will be involved “virtually” in next week’s Ocean Risk Summit in Bermuda. The island is hosting the new event, which will be attended by leaders of governments and the economic, environ...

Greater-than-expected losses from last year’s Hurricane Irma hit Blue Capital Reinsurance Holdings’ first-quarter earnings. The Bermuda collateralised reinsurance provider made net income of $0.5 million, compared to $4.1 million in the first quarter...

RenaissanceRe has reported net income of $56.7 million for the first quarter, or $1.42 per share, down from $92.4 million, or $2.25 per share, a year ago. The Bermudian-based company’s operating income available to shareholders more than doubled to $...

Organisers of the Bermuda Captive Conference have chosen Friends of Hospice as the first recipient to be featured in its new charity programme. The Friends of Hospice, which supports Bermuda’s only inpatient hospice, Agape House, will receive a donat...

An insurtech start-up is harnessing the power of artificial intelligence and quantum computing to provide cyber underwriting to insurers and reinsurers. Bermuda will play a role in the growth of Envelop Risk, which is believed to be the first insurte...

Far from recoiling from loss events in 2017, insurance-linked securities investors are “reloaded and ready” for next month’s Florida renewals, according to Willis Towers Watson Securities. The company’s ILS Market Update also shows that outstanding c...

A subsidiary of Bermudian-based R&Q Investment Holdings Ltd has struck a new underwriting partnership with a focus on non-standard auto insurance. R&Q said that from May 1 its Accredited Surety and Casualty Company is to underwrite on behalf of Renai...

Leading lawyers from global law firms Kennedys and Clyde & Co, and Essex Court Chambers, have co-authored a significantly updated edition of an award-winning guide that assists senior claims officers and general counsels of insurers who provide cover...

Bermudian insurer and reinsurer Argo Group International Holdings Ltd is to transfer its share listing to the New York Stock Exchange from the Nasdaq Global Select Market. The listing of Argo Group’s 6.5 per cent senior notes will follow suit, the co...

Bermuda’s insurance-linked securities market has added another feather to its cap with a “first of its kind” $100 million issuance backing a US insurer of municipal bonds. Fidus Re Ltd, a Bermudian special purpose insurer, will use the proceeds from ...

A 14-strong delegation of industry representatives will head to Canada next month to promote the corporate benefits of setting up a captive insurance company in Bermuda. Led by the Bermuda Business Development Agency, the roadshow includes half-day e...