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Bermudian-based Sompo International Holdings Ltd, a specialty provider of property and casualty insurance and reinsurance, is creating an integrated platform to provide agriculture insurance and reinsurance solutions across the globe. The new global...

Aspen Insurance Holdings Ltd intends to cut jobs as part of an efficiency drive. But the cost-cutting focus will be more on its London and New York offices than its Bermuda headquarters. That was the message to come out of the Bermudian insurer and r...

Catastrophe losses from hurricanes Harvey, Irma and Maria, and the Mexico City earthquake, weighed on Everest Re Group’s third-quarter earnings. The company reported a pretax loss of $904 million. While the net loss after tax was $639.4 million, or $...

Bermudian-based Markel CatCo Investment Management Ltd has raised more than $1.8 billion for its private fund from existing and new investors — and next month it intends to raise more new capital. The island-based company with a focus on collateralis...

Everyone within a company has a role to play in helping to keep their organisation secure from cyberattacks. And blockchain technology could play a key role in cybersecurity in the future, but today we have as much inkling for its possibilities as ea...

Aspen Insurance Holdings Ltd intends to slash a total of $160 million off its expenses over the next three years through an efficiency overhaul. The Bermudian-based insurer and reinsurer described the effort as “a comprehensive programme to drive gr...

Insurance prices “have to improve” in the wake of expected $100 billion of insurance industry losses from hurricanes Harvey, Irma and Maria, and earthquakes in Mexico. And according to industry executive Jonathan Reiss, January renewals “are going to...

Natural catastrophe losses of $1.48 billion took a toll on XL Group’s third quarter performance, with the company reporting an operating net loss of $1.03 billion. Hurricanes Harvey, Irma and Maria accounted for the bulk of the catastrophe losses. XL...

Willis Towers Watson employees in Bermuda took part in Spirit Day, pledging to “go purple” was a way for staff to visibly show solidarity with the LGBTQ youth and to take part in the largest, most visible anti-bullying campaign in the world. Picture...

Bermudian-based Sompo International Holdings and Sompo Japan Nipponkoa Insurance Inc have launched strategic partnerships in Africa. Sompo International will form alliances with both Sanlam Limited and Saham Finances through a partnership agreement e...

Insuring against cyber-risk represents a major opportunity for the insurance-linked securities sector, but first there are hurdles to clear. And one of the things that needs to be overcome is the market’s “addiction” to property/catastrophe insurance...

Steve Arora has been named chief executive officer of AXIS Re. He has joined the company from Swiss Re, where he worked for 18 years in a variety of senior positions, most recently as head of casualty reinsurance and as a member of the reinsurance e...