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Malcolm Butterfield is the new chief executive officer of the Bermuda Insurance Institute. The institute has also relocated to new offices within O’Hara House, home of XL Catlin, on Bermudiana Road. Mr Butterfield has insurance and reinsurance experi...

Bermuda was home to 739 active captive insurance companies as of the end of last year, according to financial-services regulator, the Bermuda Monetary Authority. The BMA said 17 new captives were registered in 2017, up from 13 in 2016. Jeremy Cox, t...

Blue Capital Reinsurance Holdings Ltd said it saw double-digit percentage rate increases during January renewals. Mike McGuire, the Bermudian company’s chairman and chief executive officer, said: “Following the significant industry losses experienced...

White Mountains Insurance Group Ltd and Oaktree Capital Management have invested $250 million in Kudu Investment Management, LLC. Kudu is a capital provider to asset management and wealth management firms. The investment comes from funds managed by O...

Chubb Limited has appointed Michael Smith as chief claims officer. Mr Smith has more than 30 years’ experience in insurance and law, and previously worked for American International Group from 2000 to 2017. Before that he had executive management rol...

Everest Re Group Ltd beat expectations with a fourth quarter profit of $571.0 million, or $13.85 per share. The net income for the final three months of 2017 was up on the $373.6 million, or $9.08 per share, for the same period a year ago. After-tax ...

Barbican Insurance Group has launched a new underwriting unit in Bermuda. The company will focus on the US property market and will write exclusively on behalf of Barbican Syndicate 1955. Barbican Bermuda will underwrite a direct and facultative po...

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...