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Aspen is “deeply disappointed” with its 2017 financial performance, says the company’s chief executive officer Chris O’Kane. His remark came as the Bermudian insurer and reinsurer estimated an underwriting loss of $245 million for the fourth quarter ...

Hamilton Insurance Group will be inviting applications next month for a scholarship designed to expand the skill set of Bermudians or permanent resident’s certificate holders considering a career in insurance. The award, called The Hamilton Scholarsh...

Qatar Insurance Group made a net profit of $115 million in 2017, compared with $284 million the previous year. Khalifa Abdulla Turki Al Subaey, group president and CEO of QIC Group said: “In the face of unprecedented market adversity, QIC has proven ...

Qatar Insurance Company Group says its global expansion and diversification strategy is progressing according to plan, pointing to the recent acquisition of Markerstudy Group’s Gibraltar-based insurance companies by its reinsurance arm, Bermudian-ba...

Rating agency Fitch expects Bermuda to maintain its position as a global centre for insurance and reinsurance — despite taking something of a hit from US tax reform. In a statement released today Fitch said US tax cuts would diminish the island’s tax...

When the Bermuda Captive Conference returns to its June slot this year, after being displaced by the America’s Cup last year, it will have a new man at the helm. In addition, a number of fresh ideas and innovations, including a conference app, will b...

An inspiring and charismatic guest keynote speaker is lined up for the Bermuda Captive Conference in June. Derreck Kayongo was a Ugandan refugee who, with his parents, fled that country during the reign of Idi Amin in the 1970s. He eventually moved t...

Bermudian-based Katie Kelly has been named in a select list of captive industry professionals to watch in 2018. Ms Kelly is captive insurance director with PwC Bermuda. She is included in Captive Review magazine’s “Ones to Watch in 2018” list, which ...

Modest rate increases after a year of heavy catastrophe losses suggest that the peaks and troughs of the reinsurance cycle are getting smoother. That is the view of Fitch Ratings, whose analysts believe that alternative capital is changing the dynami...

The sale by Randall & Quilter of part of its business will prove a net positive for jobs in Bermuda. That is the view of R&Q, which is based in the FB Perry Building on Church Street and which said it has hiring plans for its remaining Bermuda operat...

University students home for the holiday break were given the opportunity to participate in a BFIS Speed Networking Lunch on at O’Hara House, courtesy of XL Catlin. Approximately 35 insurance professionals and over 40 college students enjoyed an hour...

A rush of new capital into the reinsurance sector after the third worst catastrophe loss year in history could have “long-term consequences for the structure of the reinsurance market”. That is the view of reinsurance broker Aon Benfield, which said ...