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Tough market conditions mean a wave of mergers and buy-ups in the reinsurance sector is set to continue, experts predict. But Standard & Poor’s Global said activity will be at a “measured pace” because of high valuations, and that mergers still carri...

XL Catlin has made four appointments to its North America Aviation Insurance team. Three of the appointments have been made in Canada, and one in the US. David Watts, has been named vice-president, Canadian Aviation Manager, Canada. He joined XL Catl...

Ratings agency AM Best is hold an insurance market briefing in Bermuda in October. Analysts from the company will deliver market insights, present and overview of the state of the industry and discuss ratings trends. AM Best experts will also present...

A senior reinsurance underwriter who is passionate about helping others to thrive in the workplace has written a book to motivate and encourage others. Lorene Phillips has been working in the insurance and reinsurance sector for more than 25 years. H...

American International Group has reported a $1.1 billion profit for the second quarter. Now headed by Bermudian Brian Duperreault, the company’s net income for the quarter was $1.19 per share, and was down from the $1.9 billion, or $1.68 per share, i...

Interns at the Bermuda Foundation for Insurance Studies have given presentations on what they learnt during immersion in the insurance markets of Atlanta, Bermuda, Chicago and London this summer. The presentations were given to 50 insurance professi...

Bermuda’s economy benefits to the tune of $79 million in a single year from direct expenditure by members of the Bermuda International Long Term Insurers and Reinsurers organisation. That is one of the findings of a survey done by the group to assess...

Two insurance industry events are heading to Bermuda for the first time. Both are being staged on the island by London-based organisations. Field Gibson Media’s event, titled Insurance Risk and Capital Bermuda, will be held on October 20 at the Hamil...

What does a university mascot bulldog called Trip, shelves of rare books, and a $2 million 100-year-old telescope have to do with Bermuda? The answer is they are all listed to be covered by a new captive insurance company based on the island. And tha...

Financial holding company Markel has bought out a US insurer in a $919 million deal. Markel, based in the US but with a Bermuda subsidiary, is expected to take over State National in the cash transaction by the end of the year. Richard Whitt, Markel’...

Lancashire Holdings has posted after-tax profits of $38.2 million for the second quarter. The figure was up $6.7 million on the $31.5 million logged for the same quarter in 2016. The return on equity for the Bermudian-based insurer and reinsurer was ...

WindReach Bermuda has received a $5,000 donation from Marsh and Guy Carpenter. “This donation will be used towards our four programme areas throughout the year,” said Chrissie Kempe, executive director for WindReach. “It is because of the generous ...