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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...

Ironshore is undergoing a major restructuring of its property insurance team after four executives left the company to join Bermudian rival Argo Group. Mitch Blaser, chief executive officer of Ironshore Bermuda, said yesterday that he had promoted se...

Robert Newhouse, who played a prominent role in the transformation of the Bermuda insurance market in the 1980s, has died after a brief illness. Mr Newhouse spent the bulk of his career with insurance brokers Marsh & McLennan Cos. He was one a group ...

David Burt will open this month’s Bermuda Captive Conference, which is poised to surpass last year’s record-setter with 1,000 hotel-room nights booked to date by overseas delegates. Officially launching the thirteenth year of Bermuda’s largest intern...

Total economic losses from Tropical Storm Harvey could be as high as $70 billion to $90 billion — but the vast majority of the losses will be uninsured. That is the latest finding of catastrophe modelling firm RMS, which says Harvey is a rainfall rec...

In the wake of WannaCry and other ransomware attacks, risk professionals view cyber extortion as the leading first-party exposure for their organisation. That is one of the findings of the 2017 Rims Cyber Survey, which also showed that there is conti...

The insurance industry must modernise and adapt to the needs of customers in the digital world in order to survive, according to the head of a Bermudian insurer and reinsurer. Mark Watson, of Argo Group International Holdings, said in a midyear lette...

Axis Capital Holding’s bid to buy Novae Group has been accepted. At a general meeting in London yesterday shareholders approved the deal, with about 99.97 per cent of shareholder votes cast in favour of the proposal. The approval comes only a few day...

Ian Burford, formerly with Novae, has joined Bermudian-based Fidelis Insurance’s London underwriting team. He will become chairman of specialised risks from Monday. Mr Burford has more than 30 years of experience in the London insurance market, and h...

Insured losses from Hurricane Harvey are set to make it one of the top ten most costly hurricanes in US history. At least seven people have died in Texas as a result of the storm, and it is expected 30,000 people will end up having to leave their hom...

Wind-related insurance losses from Hurricane Harvey are unlikely to exceed $6 billion and could end up being below $1 billion in some scenarios, risk-modelling firm RMS said on Friday. The hurricane made landfall in Texas over the weekend as a Catego...