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The insurance-linked securities market is seeing “convergence of convergence”, according to Willis Towers Watson. The reinsurance broker and risk adviser said in its ILS Market Update that the market had reached $93 billion of outstanding non-life ca...

A Bermudian-based firm is preparing to launch an underwriting, pricing and portfolio management web application designed to help reinsurance and ILS businesses “speed up the pricing of even the most complex deals”. Treefrog Consulting has joined with...

Argo Group International Holdings has launched a graduate training programme in Bermuda. The island-based specialty insurance and reinsurance underwriter said the programme will give recent graduates who meet the academic criteria “an unprecedented e...

The volatile politics of the US could influence some significant issues for reinsurers this year. That is the view of John Huff, chief executive officer of the Association of Bermuda Insurers and Reinsurers. Mr Huff, on a panel at the Joint Industry ...

Natural disaster losses cost the world $225 billion last year and the insurance industry picked up about $90 billion of the tab. Aon’s Weather, Climate and Catastrophe Insight report for 2018 found last year was the third year in a row to top the $20...

Things are moving in the world of blockchain, and ChainThat sees itself among the forefront of those bringing distributed-ledger innovation to the insurance sector. The company was involved in a blockchain symposium on the island last year, and chief...

The Bermuda Business Development Agency is partnering with the island’s fast-growing life and annuity re/insurance sector to promote a strong presence at the industry’s largest US conference this spring. For the first time, the BDA will team up with ...

Bermuda will be represented at the 28th World Captive Forum at the end of the month. The event takes place in Miami on January 31 and February 1. Members of the Bermuda Business Development Agency and representatives of the industry will be present a...

Argo Group has estimated preliminary pre-tax catastrophe losses of $32 million for the fourth quarter. The losses are primarily related to Hurricane Michael and the California wildfires. Additionally, the Bermudian-based company’s fourth-quarter resu...

Reinsurers have seen unusual rises in loss adjustment expenses and reopened claims related to the devastating hurricanes of 2017. The trend forced many reinsurers to increase previous estimated losses from Harvey, Irma and Maria, creating a drag on ...

Bermudian run-off specialist Premia Holdings Ltd has made what it describes as a “groundbreaking” acquisition of a US insurer. The reinsurer bought Public Service Insurance Company and its wholly-owned subsidiary Western Select Insurance Company from...

Bermudian-registered FWD Life Insurance Company (Bermuda) Ltd has been fined by Hong Kong regulators over compliance failures relating to expertise of its staff. Hong Kong’s Securities and Futures Commission fined FWD Life HK$2.4 million ($316,000). ...