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The US tax overhaul is symptomatic of growing protectionism around the world threatening the global business model of Bermudian reinsurers. That is the view of Bradley Kading, outgoing president of the Association of Bermuda Insurers and Reinsurers, ...

The impact of hurricanes Harvey, Irma and Maria, and major wildfires in the US, is clearly shown in a graph tracking combined ratios for reinsurance companies. Data up to the end of the third quarter shows that this year is on track to be the worst y...

RenaissanceRe Holdings Ltd expects a $40 million reduction in income as a result of the passing of the US tax Bill. In a statement, the Bermudian-based company said it had conducted a preliminary assessment of the Tax Cuts and Jobs Act of 2017, which...

John Huff says he will have “big shoes to fill” when he takes over from Bradley Kading as president of the Association of Bermuda Insurers and Reinsurers on January 1. And Mr Huff, formerly president of the National Association of Insurance Commissio...

US tax reforms approved this week by the US Congress will be “credit negative” for the Bermuda re/insurance market, Fitch Ratings says. The US credit rating agency added that it expected the tax reforms, which will take effect from January 1, to ben...

Hamilton Underwriting Ltd has agreed a deal that will see it transfer the legacy book it inherited when it bought Sportscover Underwriting Ltd in 2015. “This transaction enables us to focus on the 2015 and post years of account as we continue to buil...

Aspen Insurance Holdings Ltd has sold its US crop insurance business for $68.4 million and formed a strategic partnership with the buyer. Under the agreement with American agricultural risk-management firm CGB Diversified Services, Aspen has acquired...

“Bionic underwriters” could soon be transforming the insurance industry, combining experienced judgment and human ingenuity, but supported and enhanced by the speed and strength of technology. That was a vision expressed by Albert Benchimol, chief ex...

A panel discussion about the protection gap and how the insurance sector can address it got off to a blunt start when Michael Millette cast it as a fake issue. The phrase describes the shortfall that exists between insured losses and total economic l...

Risk industry professionals across all levels and responsibilities in the US have received an average base salary increase of 3.5 per cent this year. In Canada, the average salary rise was 2 per cent. Those details are among the findings in the Rims ...

Robert Patten has joined Hamilton Underwriting Limited as head of casualty. He previously filled the same role with Novae Insurance, and he has almost 40 years experience in the industry, having worked at a number of companies, including Aspen, XL Eu...

Who is going to be the largest insurer or reinsurer that doesn’t retain underwriting risk? It was a serious question, and when Anup Seth, of Aon Insurance Managers, posed it he was sitting alongside the chief executive officer of one possible contend...