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An American university has chosen Bermuda as its domicile for the first known student-run captive insurance company. Students enrolled in the Davey Risk Management and Insurance Programme at Butler University’s Lacy School of Business in Indianapolis...

Bermuda’s Hamilton Re has bought the renewal rights to Canopius Underwriting Bermuda’s excess casualty book of business. And Sompo Canopius underwriters Stephen Hartwig and Jeremy Wright are set to join Hamilton Re. Mr Hartwig will be chief underwrit...

A forum on the potential of blockchain in the reinsurance industry is to be held tomorrow. Claus Walter, of insurance firm Zurich and a member of the blockchain insurance industry initiative B3i, will lead a presentation on distributed ledger technol...

The former chairman of Ace Bermuda is to be honoured with a lifetime achievement award by the Bermuda Insurance Institute. Rees Fletcher, who retired from the firm, now Chubb, last year, spent more than 30 years in the industry and was the first Berm...

Global reinsurance capital reached a record $595 billion at the end of December. That was up 5 per cent on the previous year and $20 billion higher than the previous record recorded in 2014. The new figure was calculated from company records by Aon B...

Bermuda’s hosting of the America’s Cup is to be highlighted by business leaders and Michael Dunkley, the Premier, at the Risk Insurance Management Society conference in Philadelphia next week. Mr Dunkley will join representatives of the Bermuda Busin...

Argo Group, the Bermudian-based insurer and reinsurer, has warned that its first quarter profits will be adversely impacted by about $16.5 million. The four non-recurring charges include $5 million in late claims reported from Hurricane Matthew, and ...

A founder and former chairman of Bermuda reinsurer Flagstone Re has died in Canada. Mark Byrne, who cofounded Flagstone with David Brown, died in Montreal last Thursday. He was 55. Mr Byrne was involved in the island’s insurance and reinsurance busin...

Mergers and acquisitions in the Bermuda and US insurance markets this year are predicted to maintain the momentum seen in the latter half of 2016, when among the deals struck were seven valued at more than $1 billion. But there is uncertainty about t...

The insurance-linked securities market has hit a new high with of nearly $27.19 billion in the first quarter of the year. The figure for catastrophe bonds and ILS features in a report by industry news website Artemis.bm and beat the previous 2016 rec...

Bermudian insurance-linked securities group Horseshoe has yesterday sponsored at $20 million insurance-linked security, listed on the Bermuda Stock Exchange. The listing is issued by Eclipse Re, a new company designed to bring turnkey reinsurance ILS...

Rate reductions are slowing in the reinsurance market, a report by Willis Re said yesterday. The international reinsurance advisory firm, part of Willis Towers Watson, added that the changes came as managers face “the buffers of tighter regulation, b...