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Member companies of the Association of Bermuda Insurers and Reinsurers contributed close to $900 million directly to the Bermudian economy last year — and much more indirectly. In announcing the results of its economic impact survey, Abir said that B...

Bermuda insurers and reinsurers have paid out almost $73 billion in claims to European Union policyholders and claimants over the past 20 years. Of the total $72.8 billion, some $36.8 billion, or about half, was paid out to UK customers. The informat...

ILS (Bermuda) Ltd, organisers of Bermuda Convergence 2017, has launched a new education initiative that will provide scholarships for five Bermudian students to work towards an Associate in General Insurance (AINS) designation through the Bermuda Ins...

Members of Bermuda’s Red Bull Youth America’s Cup team will next week open three days of events designed to promote diversity in the insurance industry. TeamBDA members Shomari Warner and Dimitri Stephens, along with Laura Cutler, the team’s manager ...

Registration remains open for next week’s Dive In Festival which aims to highlight the business case for diverse and inclusive workplaces and provide practical ideas and inspiration for how to bring about positive change. However, organisers of the ...

White Mountains Insurance Group will buy back 13.5 per cent of its own shares after its tender offer to shareholders was oversubscribed. The Bermudian company said, in total, it will spend $513.4 million buying back shares at the tender offer’s final...

Insurance industry minds are grappling with ever-evolving cyber-risks and resulting liabilities, including mounting levels of regulations and increasingly costly disruption caused by cyberattacks. An international cyberattack at the end of June hit a...

Businesses that are proactive in reducing their potential risk to cyberattacks by using new technologies such as blockchain, or using best practice, are likely to see that reflected in better pricing and conditions from insurers. That is the view of ...

Insurers are expected to pay out between $32 billion and $50 billion to policyholders affected by Hurricane Irma in the US and Caribbean. That is the estimate of Air Worldwide, the Boston-based risk modelling solutions company. The company believes i...

Global investment in insurtech in the second quarter of 2017 surpassed that in the previous three quarters combined, according to a new report from PwC. Insurers, reinsurers and venture capital firms ploughed $985 million into insurtech, up 247 per c...

XL Group Ltd has been given approval to use a full internal model to calculate the company’s and its wholly owned subsidiary, XL Bermuda Ltd’s, respective enhanced capital requirements in substitution of the Bermuda Solvency Capital Requirement stand...

Hurricane Irma prevented about 50 delegates from attending the 13th Bermuda Captive Conference, but the event has been hailed a success after it brought more than 750 attendees to the Fairmont Southampton. The three-day event wrapped up yesterday eve...