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HSCM Bermuda, a two-year-old firm that invests in insurance-linked assets, has formed an investing partnership with a Lloyd’s managing agency Sciemus. As part of the new partnership, Sciemus will be renamed Argon Underwriting, subject to regulatory a...

Bermuda is the preferred jurisdiction for the world’s captive insurance industry, and that is no accident. Delegates at the 13th Bermuda Captive Conference were told that it has taken hard work, a collaborative approach and a history of innovation to...

Greg Hagood didn’t have many details to work with last Thursday afternoon. Hurricane Irma wasn’t expected to make landfall in South Florida for another 64 hours. Projections for its path were all over the place, especially considering that a centimet...

The captive insurance industry contributes $174 million annually to the island’s economy, according to new research. The study, conducted by PricewaterhouseCoopers for the Bermuda Insurance Management Association (Bima) indicates the importance of th...

Bermuda’s world-leading captive insurance market can continue to improve and in the process be of mutual benefit to the business community and the island. That was part of the message from David Burt as he gave the opening speech of the Bermuda Capti...

A change to the UK system to work out the amount of compensation paid out to accident victims could be worth hundreds of millions of dollars to several Bermuda reinsurers. The British Government yesterday announced it was changing the method it uses ...

Catastrophe-bond investors are at risk of seeing some of their capital wiped out by Hurricane Irma if the deadly storm hits Florida. S&P Global Ratings said yesterday it had identified 13 catastrophe bonds at risk. Bermuda is the epicentre of the cat...

Bermuda reinsurers’ “anaemic returns” make them the most under-pressure group in an under-pressure industry, according to analysts from a global rating agency. AM Best, maintaining its negative outlook on the global reinsurance sector, said condition...

Leaders of the body that represents Bermuda’s international life insurance industry today met with Jamahl Simmons, the Minister of Economic Development. Board members of the Bermuda International Long Term Insurers and Reinsurers April Galda, Chip Gi...

Maiden Re has invested in an insurtech drone start-up. The reinsurer is among a group of investors who have provided $2.05 million of funding to Betterview, a US company that uses software and services, including drones, to capture and analyse date f...

A series of five webcasts on the growing global healthcare insurance market in Bermuda is being released during this month. The series was produced by the Bermuda Business Development Agency, working with the industry. Over the past five years, Bermu...

Three senior management changes have been made at Hamilton Re as the company realigns its underwriting team to market opportunities. Tim Duffin has been promoted to the newly-created position of chief underwriting officer, reinsurance. He was previou...