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Interns at the Bermuda Foundation for Insurance Studies have given presentations on what they learnt during immersion in the insurance markets of Atlanta, Bermuda, Chicago and London this summer. The presentations were given to 50 insurance professi...

Bermuda’s economy benefits to the tune of $79 million in a single year from direct expenditure by members of the Bermuda International Long Term Insurers and Reinsurers organisation. That is one of the findings of a survey done by the group to assess...

Two insurance industry events are heading to Bermuda for the first time. Both are being staged on the island by London-based organisations. Field Gibson Media’s event, titled Insurance Risk and Capital Bermuda, will be held on October 20 at the Hamil...

What does a university mascot bulldog called Trip, shelves of rare books, and a $2 million 100-year-old telescope have to do with Bermuda? The answer is they are all listed to be covered by a new captive insurance company based on the island. And tha...

Financial holding company Markel has bought out a US insurer in a $919 million deal. Markel, based in the US but with a Bermuda subsidiary, is expected to take over State National in the cash transaction by the end of the year. Richard Whitt, Markel’...

Lancashire Holdings has posted after-tax profits of $38.2 million for the second quarter. The figure was up $6.7 million on the $31.5 million logged for the same quarter in 2016. The return on equity for the Bermudian-based insurer and reinsurer was ...

WindReach Bermuda has received a $5,000 donation from Marsh and Guy Carpenter. “This donation will be used towards our four programme areas throughout the year,” said Chrissie Kempe, executive director for WindReach. “It is because of the generous ...

Aspen Insurance Holdings Limited has reported profits of $75.8 million, or $1.07 per share, for the second quarter. That is $11.8 million up on the $64 million, or 89 cents per share, recorded for the same period last year. Chris O’Kane, chief execut...

A diplomatic stand-off between Qatar and its neighbours is having minimal affect on the operations of the Qatar Insurance Company, the parent of Bermudian-based Qatar Re. However, the soft market conditions have taken a toll, with half-year profits f...

Insurers face $22bn of payouts for natural disasters in the first half of this year, with 76 per cent of losses coming from US events. Aon Benfield’s catastrophe model development team, released its Global Catastrophe Recap: First Half of 2017 report...

Michael Burns has been selected as the winner of the second Fred Reiss Lifetime Achievement Award. A leading Bermudian corporate lawyer, Mr Burns, is a former senior partner, executive board member and global group general counsel of Appleby, He now...

Law student Precious Smith has been awarded a $10,000 scholarship from the Bermuda Foundation for Insurance Studies. The funds were raised by alumni of the BFIS during the annual alumni denim day. And many of the companies and organisations who emplo...