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Who is going to be the largest insurer or reinsurer that doesn’t retain underwriting risk? It was a serious question, and when Anup Seth, of Aon Insurance Managers, posed it he was sitting alongside the chief executive officer of one possible contend...

Tough negotiations on January 1 reinsurance contract renewals have been likened to a “Mexican standoff” by some Bermudian executives. A report from Keefe, Bruyette & Woods said that the initial post-catastrophic “euphoria” over potential price increa...

Brit Ltd has launched new collateralised reinsurance vehicle Sussex Capital on the island. The move from the Lloyd’s of London insurer comes just a week after Brit announced that its captive insurer Brit Re will redomesticate to Bermuda from Gibralta...

A group of Bermuda’s high-performing students took front row positions at the EY Global (Re)insurance Outlook event, and they were encouraged to consider careers in the insurance sector. With the industry facing the expected retirement of almost 400,...

A trek that raises money for Bermuda students attending Georgia State University, Atlanta, has been held for the 14 years. About 50 participants tackled the walk from Somerset Bridge to the Swizzle Inn. The annual Bermuda Trek also brings attention t...

David Schick is the new group chief operating officer at Aspen Insurance Holdings Limited. He replaces Richard Thornton who is leaving the company after almost four years. Mr Schick was formerly an executive vice-president at Maybank. Chris O’Kane, g...

Brit Ltd is to relocate its Gibraltar-based captive reinsurer to Bermuda. The international general insurance and reinsurance group, which is headquartered in the UK, said it expects to complete the relocation of Brit Insurance (Gibraltar) PCC Ltd by...

Argus Group’s ratings have been upgraded by AM Best. In a statement, AM Best said the upgrades reflect Argus Group’s improved balance sheet strength and consistent favourable operating performance The agency has upgraded Argus Group’s financial stren...

A past recipient of the Bermuda Foundation for Insurance Studies scholarship will lead the organisation as its new president. Stephen Jones has served on the BFIS board since 2014, and has been on the scholarship committee for six years. As a past sc...

An insurtech start-up that has attracted investment from island reinsurer Maiden Re has released a commercial drone package for property insurance inspections and claims. It is the latest advancement for Betterview, a US company set up three years ag...

The profitability and diversity of Bermuda’s captive insurance market and special purpose insurers has been highlighted in a new report. It shows that in 2016, Bermuda captives assumed 62 per cent of their risk in North America, and 25 per cent in Eu...

After leading the Association of Bermuda Insurers and Reinsurers for 12 years, Bradley Kading is to retire from the position of president and chief executive. He will be succeeded by John Huff, who is immediate past president of the National Associat...