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This year’s US Atlantic hurricane season is officially the most expensive ever, racking up $202.6 billion in damages since the formal start on June 1. The costs tallied by disaster modellers Chuck Watson and Mark Johnson surpass anything they’ve seen...

Ascot Group has launched a new reinsurance company in Bermuda and hired industry veteran John Berger as chief executive officer. Ascot Reinsurance Company Ltd, which received its Class 3B insurance licence from the Bermuda Monetary Authority earlier ...

If US tax reform increases the cost of reinsurance, the American consumer will lose out. That is the view of Bradley Kading, president of the Association of Bermuda Insurers and Reinsurers (Abir), who was speaking after the Bermuda Monetary Authority...

Hamilton Re is inviting applications from college-aged students who are interested in participating in an intern programme during the summer of 2018. Reporting to the catastrophe modelling team, the internship programme provides an opportunity for t...

The United States moved a step nearer to enacting a sweeping overhaul of its tax system yesterday, as the House of Representatives approved a Bill that could have repercussions for Bermuda’s international business sector. The House voted 227 votes to...

Willis Towers Watson and JLT Specialty Bermuda are jointly promoting the 14th annual Bermuda Railway Trek, which raises money to support insurance-related studies for young Bermudians. The walk will take place on, November 30 from Somerset Bridge to ...

A Bermudian-based firm has led a $15 million investment round in an online personal lines insurance agency in the US. Hudson Structured Capital Management Ltd, which does business as HSCM Bermuda and which invests in reinsurance and insurance-linked ...

A decision by the US House of Representatives’ decision to reauthorise the National Flood Insurance Programme has been welcomed by the Risk Management Society. Rims has also urged the US Senate to do likewise before the programme’s expiration on Dece...

Alternative capital lost roughly the same amount as traditional reinsurers from a series of third-quarter catastrophes. That is the view of ratings agency AM Best, whose own surveys indicate that reinsurers are facing net catastrophe losses totalling...

Third Point Reinsurance Ltd has announced a secondary public offering of 14 per cent of the Bermudian company’s outstanding shares. The offering involves 15 million shares being sold by major shareholders KIA TP Holdings and KEP TP Holdings, managed ...

Lego bricks and sandboxes were part of a business conference discussion on fintech, insurtech and opportunities for Bermuda. The question of supervision, regulation and external influences on Bermuda regarding tech-based start-ups was the focus of a ...

In the face of the coming “insurtech tsunami”, Craig Swan of the Bermuda Monetary Authority has given pointers to the way ahead. And it is all about moving forward, staying relevant and adapting to rapid changes. Those are ingredients for Bermuda’s c...