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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...

LONDON (Reuters) — Axis Capital Holdings Ltd’s increased takeover offer for Lloyd’s of London insurer Novae Group came after a shareholder revolt. Bermudian-based insurer and reinsurer Axis announced it had increased its bid for Novae to £477.6 milli...

Novae has decided to close its US direct and facultative re/insurance operations in Bermuda. The news came as Bermudian insurance and reinsurance group Axis Capital increased its offer to buy Novae. Novae, a London-based carrier, confirmed the unit’...

Equator Re, QBE Insurance Group Ltd’s captive reinsurer, hosted 25 reinsurance interns at the Blu Bar and Grill in Warwick. This summer networking event was for interns to discuss careers in reinsurance and what to expect for the future. Equator Re, ...

AM Best has affirmed the A- financial strength rating of Oil Casualty Insurance Ltd with a stable outlook. Ocil is a Bermudian-based mutual, providing coverage primarily to its shareholders from the energy industry, but writing some third-party busin...

The role insurance-linked securities can play in the protection and redistribution of cybersecurity risk will be among topics discussed at the ILS Bermuda Convergence 2017 event in October. One of the guest speakers is Rick Welsh, chief executive off...

It is 25 years ago this week since Hurricane Andrew devastated parts of Florida and in the process bankrupted 11 US insurance companies. Bermuda saw a major wave of insurers and reinsurers set up on the island in the aftermath of the Category 5 hurri...

Bermudian students who are focused on careers in Bermuda insurance industry had an opportunity to hone their networking skills at the Bermuda Foundation for Insurance Studies end of summer networking party. Over 65 BFIS scholars, alumni, trustees, co...

A further 25 influential women in insurance and reinsurance in Bermuda have been identified in the latest edition of the trade magazine Bermuda: Re+ILS. For the past three years the magazine has highlighted some of the most successful female executiv...

Nicolas Bardon has been appointed as a partner of JLT Re in Bermuda. He was formerly with Bermudian-based Somerset Holdings, a reinsurance intermediary, where had led business development and production. Before that he worked at Citigroup and Bank of...

A number of workshops are being held to explain the importance of life insurance and its many uses. There will be some key issues addressed during the workshops, which are being put on by Colonial Life as it marks Life Insurance Awareness Month next ...