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Bermudian-based Sompo International Holdings Ltd has completed the full transfer of Sompo America’s business operations and staff into the Sompo International Insurance platform. Commercial property, casualty and speciality products for Japanese Inte...

Bermuda’s insurance and reinsurance market proved to be a reliable partner for the US during the second worst year for catastrophe losses on record. That is the view of John Huff, who took over as president and chief executive officer of the Associat...

Insurers and government-sponsored programmes globally faced total payout claims of $134 billion last year, only marginally below the record $137 billion of 2011. The biggest factor in those costs were weather related disasters, including hurricanes H...

Willis Towers Watson’s charity committee and its employees have made donations to ten local charities totaling $10,000. In addition, employees took up a personal monetary collection that resulted in $700 of food and goods for the Women’s Resource Cen...

Blue Capital Reinsurance Holdings broke even making neither a profit nor loss for the last three months of the year. Losses related to wildfires in California, and additional estimated losses from hurricanes in the third quarter, resulted in loss and...

Chubb Limited marginally missed market expectations when it reported its fourth quarter earnings. It suffered pre-tax catastrophe losses of $477 million from two of the largest wildfires in California’s history, although it did have a $30 million fav...

An island reinsurance firm has handed over a total of $40,000 to two charities. Equator Re gave $20,000 each to the Centre Against Abuse and Teen Services/Teen Haven. Laurie Shiell, executive director at CAA, said the money was vital” to the organisa...

Aspen is “deeply disappointed” with its 2017 financial performance, says the company’s chief executive officer Chris O’Kane. His remark came as the Bermudian insurer and reinsurer estimated an underwriting loss of $245 million for the fourth quarter ...

Hamilton Insurance Group will be inviting applications next month for a scholarship designed to expand the skill set of Bermudians or permanent resident’s certificate holders considering a career in insurance. The award, called The Hamilton Scholarsh...

Qatar Insurance Group made a net profit of $115 million in 2017, compared with $284 million the previous year. Khalifa Abdulla Turki Al Subaey, group president and CEO of QIC Group said: “In the face of unprecedented market adversity, QIC has proven ...

Qatar Insurance Company Group says its global expansion and diversification strategy is progressing according to plan, pointing to the recent acquisition of Markerstudy Group’s Gibraltar-based insurance companies by its reinsurance arm, Bermudian-ba...

Rating agency Fitch expects Bermuda to maintain its position as a global centre for insurance and reinsurance — despite taking something of a hit from US tax reform. In a statement released today Fitch said US tax cuts would diminish the island’s tax...