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Ninety students are participating in the BFIS High School Speed Networking lunches this week to help them gain a clearer understanding of the wide variety of careers within the insurance sector from insurance professionals representing many different...

There is a global insurance gap, and it’s a big one. Natural catastrophes caused $350 billion of economic losses last year, and of that only $134 billion, or 38 per cent, was covered by insurance. A bigger number has been calculated by Swiss Re, whic...

Aspen has closed its Bermuda-based US property insurance unit, a move that impacts three members of staff. The unit was closed earlier this week, a few days after the Bermudian-based company reported a net loss of $184.9 million for the fourth quarte...

Windstorms since the start of the year are expected to cost European insurers more than $2 billion, according to Aon Benfield. More than 20 people were killed last month by storms named Friederike, Eleanor and Carmen. Western and Central Europe were ...

One of the most severe years for catastrophe losses has proven to be a “stress test” for Lancashire Holdings. The Bermudian-based company suffered a pre-tax loss of $3.2 million, or three cents per share, in the fourth quarter. For the year, the pre-...

Catastrophe losses impacted earnings at Argo Group, however the company reported a $28.9 million profit, or 95 cents per share, for the fourth quarter. That was down from the $32.9 million, or $1.07 per share, during the corresponding period in 2016....

A scholarship for university students has been renamed to honour the late CEO of one of Bermuda’s largest domestic insurance companies. Alan Peacock, the chief executive officer of Colonial Group International, died suddenly last year after suffering...

Bermudian-based insurer and reinsurer Sirius Group has entered into a $300 million revolving credit facility. The senior, unsecured facility will give Sirius access to loans for working capital and general corporate purposes, and letters of credit to...

Bermudian-domiciled mortgage insurer Essent Group Ltd’s profits for the fourth quarter of last year received an $85.1 million boost from US tax reform. Essent said today it made net income of $162.6 million, or $1.65 per share, during the last three ...

New offices and a new chief executive have given fresh impetus to the Bermuda Insurance Institute. The organisation is looking to raise its profile, and that includes reaching out to the next generation of potential students to encourage them to con...

The ratings of some insurance and reinsurance groups could be affected by the impact of the reform of US tax law. AM Best said that anticipated structural changes to certain reinsurance arrangements between affiliated insurance or reinsurance compani...

Axis Capital Holdings made a loss of $38 million, or 46 cents per share, in the fourth quarter, down from a profit of $131 million, or $1.48 per share, a year ago. The combined ratio for the quarter rose to 100.7 per cent, compared to 96.7 per cent, ...