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Bermuda’s world-leading captive insurance market can continue to improve and in the process be of mutual benefit to the business community and the island. That was part of the message from David Burt as he gave the opening speech of the Bermuda Capti...

A change to the UK system to work out the amount of compensation paid out to accident victims could be worth hundreds of millions of dollars to several Bermuda reinsurers. The British Government yesterday announced it was changing the method it uses ...

Catastrophe-bond investors are at risk of seeing some of their capital wiped out by Hurricane Irma if the deadly storm hits Florida. S&P Global Ratings said yesterday it had identified 13 catastrophe bonds at risk. Bermuda is the epicentre of the cat...

Bermuda reinsurers’ “anaemic returns” make them the most under-pressure group in an under-pressure industry, according to analysts from a global rating agency. AM Best, maintaining its negative outlook on the global reinsurance sector, said condition...

Leaders of the body that represents Bermuda’s international life insurance industry today met with Jamahl Simmons, the Minister of Economic Development. Board members of the Bermuda International Long Term Insurers and Reinsurers April Galda, Chip Gi...

Maiden Re has invested in an insurtech drone start-up. The reinsurer is among a group of investors who have provided $2.05 million of funding to Betterview, a US company that uses software and services, including drones, to capture and analyse date f...

A series of five webcasts on the growing global healthcare insurance market in Bermuda is being released during this month. The series was produced by the Bermuda Business Development Agency, working with the industry. Over the past five years, Bermu...

Three senior management changes have been made at Hamilton Re as the company realigns its underwriting team to market opportunities. Tim Duffin has been promoted to the newly-created position of chief underwriting officer, reinsurance. He was previou...

Ironshore is undergoing a major restructuring of its property insurance team after four executives left the company to join Bermudian rival Argo Group. Mitch Blaser, chief executive officer of Ironshore Bermuda, said yesterday that he had promoted se...

Robert Newhouse, who played a prominent role in the transformation of the Bermuda insurance market in the 1980s, has died after a brief illness. Mr Newhouse spent the bulk of his career with insurance brokers Marsh & McLennan Cos. He was one a group ...

David Burt will open this month’s Bermuda Captive Conference, which is poised to surpass last year’s record-setter with 1,000 hotel-room nights booked to date by overseas delegates. Officially launching the thirteenth year of Bermuda’s largest intern...

Total economic losses from Tropical Storm Harvey could be as high as $70 billion to $90 billion — but the vast majority of the losses will be uninsured. That is the latest finding of catastrophe modelling firm RMS, which says Harvey is a rainfall rec...