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Insurance company BF&M Ltd wore its heart on its sleeve yesterday, and it was not alone. Hundreds of people joined the BF&M 20th Anniversary Breast Cancer Awareness Walk, helping to spread the word and boost the fundraising effort that during the pas...

A group backed by Bermuda reinsurers has called on US presidential candidates Hillary Clinton and Donald Trump to back moves to switch American focus to mitigating risk from natural disasters. SmarterSafer, whose members include consumer advocates, ...

Volcanoes in Iceland have prominently featured in world news reports in recent years, but it is earthquakes that are the most dangerous natural catastrophe peril for the country. Now a team at Aon Benfield has launched a catastrophe model to assist i...

The insurance bill for Hurricane Nicole could be less than that for the double whammy of Fay and Gonzalo two years ago. But island insurers said it was still early days for estimating total costs — and that the Category 3 Nicole could lead to an incr...

Insurance firm Colonial has dealt with just 22 claims related to Hurricane Nicole so far, the company said yesterday. A total of 13 relate to personal property — buildings and contents — with six for vehicles and three for commercial buildings. Juani...

Catalina Holdings (Bermuda) Ltd, an acquirer of businesses in run-off, made after-tax net income of $57.2 million last year — an increase of 32 per cent from the previous year. The fast-growing company, which was launched on the island in 2005 by Chr...

Bermudians have learnt lessons from severe hurricanes in the recent past — and their thorough preparation is one of the reasons why damage from Hurricane Nicole appears to be relatively light. That is the view of John Wight, chief executive officer o...

Reinsurers are expected to bear the brunt of Hurricane Nicole’s financial impact on Bermuda, even as primary insurers likely see claims for wind and downed trees, damaged roofs, car damage and some business interruptions. That is the view of ratings ...

The US insurance arm of Bermudian-based Hamilton Insurance Group has appointed a new chief operating officer. Michael Garceau, who will start work next week, is a 25-year veteran of the industry and joins Hamilton USA from insurance giant AIG. Serain...

A Caribbean-wide insurance scheme backed by Bermuda is to pay a record $20 million-plus to hurricane-devastated Haiti. The payment from the CCRIF, formerly the Caribbean Catastrophe Risk Insurance Facility, represents more than a third of the total h...

A new insurance firm set up with the help of Bermudian companies to provide microinsurance in the developing world is to launch its first venture in Zimbabwe. And Blue Marble Microinsurance, set up by eight major players, plans to expand the business...

Fifteen catastrophe bonds that provide protection from hurricanes to a variety of insurers could incur losses as a result of Hurricane Matthew. That is the warning from S&P Global Ratings as the Category 4 hurricane moved towards Florida last night. ...