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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...

Bermudian-headquartered Qatar Re is reaping the benefits of investing last year to grow its business. During the first six months of 2016 it achieved a string of improved results, including a 79 per cent jump in half-year profit to $23.9 million. The...

Emerging and non-traditional risk is the theme of the 2016 Alarys Congress in Bermuda. The conference takes place next month at the Hamilton Princess, and it is expected to attract more than 100 delegates. The biennial three-day conference is geared ...

MUNICH (Bloomberg) — It won’t take another Hurricane Katrina for reinsurers to face losses from covering the cost of storms and earthquakes. Competitors such as hedge funds have eroded prices so much that a typical year of claims could move the indus...

Virtue isn’t just its own reward, certainly when it comes to maintaining above board political, business and regulatory infrastructures: the many economic, social and cultural benefits that ensue can actually be quantified. In fact, watchdog organisa...

Willis Re has appointed Chris McDowell as the next CEO of Willis Re Bermuda. He will take over the top job in January from Michael Harden, who has held the post for two years. John Cavanagh, global CEO of Willis Re, said: “Chris will be a huge asset ...

TOKYO (Bloomberg) — Japan’s bond investors are so desperate for yield that more and more of them are putting money in notes from insurers whose value can be wiped out by unexpectedly strong hurricanes or earthquakes. Catastrophe bonds in the US yield...

The Bermuda Foundation for Insurance Studies has held its final event of the summer for its scholarship programme. The 26 BFIS students were treated to lunch by the mentoring and alumni committee before they head overseas to continue their academic s...

A segment of Bermudian-based Aspen Insurance Holdings is to open a new office in Texas. Aspen US Insurance will use the Dallas office as hub for regional customers and brokers, with an initial focus on excess casualty products on a wholesale and reta...

Political unrest could hit the island’s biggest industry, the Association of Bermuda Insurers and Reinsurers warned yesterday. An Abir update on the sector’s massive contribution to the economy said that political risks, the high level of debt and sp...

Reinsurers face being hit by a double whammy of a decline in profits and exposure to high-frequency risks. A report from ratings agency Standard & Poor’s said that the global industry may reassess their exposure if annual loses from catastrophes rise...