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Reinsurance capital globally hit a new peak of $585 billion in the first half of this year, a jump of 4 per cent on the 2015 full year figure. To put that capital pile in context, the ten-year median average for global insured losses is $46 billion. ...

Women in the insurance industry still struggle to reach the top of the corporate ladder, a report by professional services firm PwC said yesterday. And the industry is one of the least popular with women millennials looking for a career, with 13 per ...

Bermuda registered one new insurance company last month, the Bermuda Monetary Authority said yesterday. The creation of Breakwater Insurance brought the total number of firms registered to the end of August to 36 — 24 insurers and reinsurers in all c...

Hedge fund-sponsored reinsurers were not immune to the adverse market trends of 2015, as premium growth and underwriting performance was unfavourable across a composite of hedge fund reinsurers. That is the finding of AM Best, the insurance and ratin...

Reinsurers could save up to $10 billion in costs by using a new way of collating information. Arthur Wightman, head of professional services firm PwC Bermuda, said that blockchain — a computer file underlying a mutual distributed ledger where blocks ...

An ex-US Air Force counter-intelligence expert is to discuss the risk to business from organised crime in Latin America. Elman Myers, now a managing director at Bermudian-based Hiscox, will be the keynote speaker at the Alarys risk management confere...

Registration has opened for a three-day festival to promote and support greater diversity and inclusiveness in the insurance sector. It will be held in Bermuda later this month. The Dive In Festival is a global initiative with more than 45 events tak...

Organisers of the ILS Bermuda Convergence 2016 have named Vincent Dowling as one of the event’s two keynote speakers. Mr Dowling is well-known in the insurance and reinsurance sector. He is widely sought after for his valuable insight and industry ex...

The pace of dealmaking has slowed this year in the Bermuda reinsurance market — but more mergers are likely in an industry “ripe for additional transactions”. That is the view of industry analyst Brian Schneider of Fitch Ratings, the New York-based c...

Insurers will be bracing for loss claims associated with the explosion of a rocket and its satellite payload on a launch pad at Cape Canaveral in Florida yesterday. A SpaceX rocket was being prepared for a test firing when it blew up. No one was inju...

The first hurricane to make landfall in Florida since 2005 will likely generate insurance losses approaching $500 million. That’s the view of Karen Clark & Company, US-based experts in catastrophe loss estimation, whose projections for Hurricane Herm...

Reinsurers will face insured losses of between $66 million and $133 million from the earthquake which struck Italy last week. That is the estimate of Fitch Ratings, which also expects insured losses for primary insurers to be in the range of $40 mill...