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Powerful winds and rain from Storm Ophelia have caused damage in Ireland that has been estimated at up to $1.8 billion. However, another estimate suggests the range of losses is likely to be lower at between $580 million and $940 million. The Enki Re...

Yulanda Francis has been promoted to the position of president of Horseshoe Re. She will retain her current responsibilities for client serving within Horseshoe Re, with the treasury and underwriting teams reporting to her. Ms Francis will report dir...

Direct US homeowners’ insurance is forecast to increase to $93 billion in premiums this year. That is $2 billion higher than 2016, which in turn was $2 billion up on 2015. Analysing the data, Aon Benfield said the industry was a “growth engine”, alth...

Aspen Insurance Holdings Ltd expects to take a $360 million hit from natural catastrophes that took place in the third quarter. The Bermudian insurer and reinsurer said $310 million of those losses were related to the three hurricanes that caused dev...

Investors will be lining up to put capital into insurance-linked securities after a year of huge catastrophe losses that will prompt an increase in rates. That is the view of Richard Lowther, chief operating officer of Bermudian-based Hiscox Re Insur...

Centaur Fund Services (Bermuda) Ltd has appointed IC Condat as its head of insurance-linked securities. Speaking about his appointment with the independent fund administrator, Mr Condat said: “The ever growing interest and appetite in the ILS asset c...

Reinsurers’ earnings for the year have probably already been wiped out by industry catastrophe losses of more than $100 billion — and their capital could also be hit. That is the view of analysts at S&P Global Ratings, who believe that an improvement...

The value of catastrophe bonds and ILS issued this year stood at a record $10.64 billion up to the end of last month. While the third quarter failed to reach $1 billion of issued cat bonds and ILS for only the second time in five years, the addition ...

LOS ANGELES (Bloomberg) – The fires ravaging Northern California stand to leave the area’s renowned wine industry with damage that will be felt long after the final flames burn out. At least four Napa Valley vineyards have been destroyed or significa...

Terrorism risk insurance, whether through traditional or stand-alone policies, is an increasingly important element of domestic corporate insurance programmes, according to a new Rims professional report titled, Terrorism Insurance: Understanding the...

Insurance company BF&M Ltd has supported breast cancer awareness on the island for the past two decades, and it will continue to do so with the BF&M 21st Anniversary Breast Cancer Awareness Walk on October 18. The walk attracts hundreds of participan...

Bermuda market companies are likely to pay out at least $25 billion to cover insured losses resulting from hurricanes Harvey, Irma and Maria. That is the preliminary estimate of the Association of Bermuda Insurers and Reinsurers, which said today tha...