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Oil Insurance declared a $62 million underwriting loss for last year at its annual meeting last week. The company said, after including net investment income and administrative expenses, net income for the year totalled $210.4 million. Oil’s board of...

Bermuda Business Development Agency leads an industry delegation to Santiago, Chile and Lima, Peru next week to host executive forums on the value of Bermudian-based captive insurance. The regional outreach includes meetings with prospects and servic...

Organisations considering stand-alone cyber coverage should carefully evaluate their risk profile and determine whether more traditional policies provide adequate coverage. That is among the tips offered in a new RIMS Professional Report titled, Cybe...

Nineteen school pupils have visited reinsurance firm Hamilton Re in a bid by the firm to raise the profile of the industry. The pupils, from public and private schools across the island, spent the afternoon at Hamilton Re’s Pitts Bay Road offices as ...

Bermudian-based Randall & Quilter Investment Holdings has bought up a captive insurer from US engine manufacturer Cummins. Randall & Quilter acquired ICDC, which was incorporated in Bermuda, but moved to Vermont two years ago, under terms which have ...

Allied World shareholders approved a special dividend as the insurer moved a step closer to its merger with Canadian firm Fairfax Financial Holdings. Allied Word, one of the Class of 2001 insurers to form in Bermuda after the September 2001 terrorist...

Any shifts in the geopolitical environment in the US and Europe that limit access to the insurance sector through tariffs, taxes and selective prohibitions, could harm businesses, communities and infrastructure projects. That is the warning from Mark...

Bermudian-based firm Randall & Quilter has purchased an island-based captive in run-off. The London Stock Exchange-listed company announced this morning that it had acquired Linco Ltd, the captive insurer of Ameripride Services Inc and Alsco Inc. The...

Qatar Re is geared to be rapid in its responses to clients — and that is one of the factors that will help to extend its track record of strong growth. That is the view of Gunther Saacke, the company’s chief executive officer, who said a culture of e...

Grant Gibbons, the Minister of Economic Development, rose in the House of Assembly to congratulate Qatar Re on its new offices at Belvedere Place, telling MPs the firm was “the exact kind of reinsurance entity we need in Bermuda”. He said the firm st...

The first February tornado in Massachusetts since records began was among notable severe weather that impacted the US last month, causing a total expected insurance industry loss of a $1 billion. The tornado was one of at least four reported in that ...

Aon will today start its 2017 Global Broking Leadership Meeting in Hamilton. The insurance and reinsurance broker and risk management adviser has brought together chief broking officers from more than 15 countries and lines of business, plus other se...