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A double whammy of cuts in the UK discount rate for bodily injury lump-sum payouts and higher natural disaster losses has hit earnings of the island’s insurance and reinsurance industry. A report by ratings agency Standard & Poors said the combinatio...

Hamilton Insurance Group founder Brian Duperreault has written to his staff after leaving to take over as president and CEO of insurance firm AIG. Mr Duperreault told Hamilton employees that he was not leaving because there were problems at Hamilton ...

London is at risk of losing its global share and importance in reinsurance to places like Bermuda, a new report has warned. “London Matters — The Competitive Position of the London Insurance Market”, commissioned by the London Market Group, said that...

Neon has appointed two new staff in its office. The worldwide insurer and reinsurer, which opened a Bermuda office last year, has signed up Gavin Coley as technical head of claims and James Sterling as claims manager for professional indemnity and fi...

Topics ranging from US tax changes, to Bermuda’s work to maintain high standards of financial reporting, were discussed by Bermuda Government, industry and regulatory leaders in interviews with AM BestTV. They spoke during the Risk and Insurance Ma...

Maiden Holdings Ltd’s first-quarter profit fell by 24 per cent to $20.5 million, the island-based reinsurer reported last night. The earnings, which broke down to 23 cents per share, compared to $27.2 million, or 35 cents per share in the first three...

A team of industry experts, led by the Bermuda Business Development Agency, heads to Vancouver and Toronto this week to raise awareness about the value of captive insurance to Canadian corporations. The team visits Vancouver, BC, on Monday and Tuesda...

Lloyd’s of London insurer Neon is celebrating its first year in Bermuda. Chris Fisher, the chief executive officer, started the firm with just one other staff member. It now has a staff of six, with plans to recruit another. Mr Fisher hopes to grow t...

Organisers are hoping to attract a record attendance to this year’s Bermuda Captive Conference in September. The event is normally held in June, but has been moved to September due to the island’s hosting of the America’s Cup throughout June. Last ye...

The board of Women in Reinsurance has three new members. WiRe was set up to encourage the development and promotion of women in the industry. The three new board members are Tracey Gibbons, senior vice-president for specialty reinsurance at Allied Wo...

A new digital portal designed to connect customers worldwide with Bermuda’s insurance industry has been launched. The service, set up by the Business Development Agency in partnership with professional services firm Deloitte, will give easy access to...

Bermudian-based OneBeacon Insurance Group is to be bought by Canadian insurer Intact Financial Corporation in a $1.7 billion deal. The transaction will create a North American lender in speciality insurance with more than $1.5 billion of annual premi...