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An insurtech start-up that has attracted investment from island reinsurer Maiden Re has released a commercial drone package for property insurance inspections and claims. It is the latest advancement for Betterview, a US company set up three years ag...

The profitability and diversity of Bermuda’s captive insurance market and special purpose insurers has been highlighted in a new report. It shows that in 2016, Bermuda captives assumed 62 per cent of their risk in North America, and 25 per cent in Eu...

After leading the Association of Bermuda Insurers and Reinsurers for 12 years, Bradley Kading is to retire from the position of president and chief executive. He will be succeeded by John Huff, who is immediate past president of the National Associat...

With new regulations on the horizon that will impose large fines on companies which suffer certain types of data breaches, a snapshot study of the scale of cyber incidents has been released. The 2017 Cyber Claims Study by NetDiligence, featuring inpu...

Brexit and the possible effects of a change in the US tax code were among topics discussed at the Bermuda Executive Forum held in central London yesterday. More than 200 delegates attended the cross-industry event, including representatives of insura...

Markel Catco Investment Management Ltd has raised $543 million of new capital from a share offering. The successful raise follows last month’s raising of $1.8 billion by the Bermudian-based company, which offers collateralised reinsurance products an...

This year’s US Atlantic hurricane season is officially the most expensive ever, racking up $202.6 billion in damages since the formal start on June 1. The costs tallied by disaster modellers Chuck Watson and Mark Johnson surpass anything they’ve seen...

Ascot Group has launched a new reinsurance company in Bermuda and hired industry veteran John Berger as chief executive officer. Ascot Reinsurance Company Ltd, which received its Class 3B insurance licence from the Bermuda Monetary Authority earlier ...

If US tax reform increases the cost of reinsurance, the American consumer will lose out. That is the view of Bradley Kading, president of the Association of Bermuda Insurers and Reinsurers (Abir), who was speaking after the Bermuda Monetary Authority...

Hamilton Re is inviting applications from college-aged students who are interested in participating in an intern programme during the summer of 2018. Reporting to the catastrophe modelling team, the internship programme provides an opportunity for t...

The United States moved a step nearer to enacting a sweeping overhaul of its tax system yesterday, as the House of Representatives approved a Bill that could have repercussions for Bermuda’s international business sector. The House voted 227 votes to...

Willis Towers Watson and JLT Specialty Bermuda are jointly promoting the 14th annual Bermuda Railway Trek, which raises money to support insurance-related studies for young Bermudians. The walk will take place on, November 30 from Somerset Bridge to ...