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An insurance company will today hold a special seminar on retirement planning. The event, organised by Colonial Pension Services, will be presented by global investment company MFS Investment Management, based in Boston. Topics include how long peopl...

NEW YORK (Bloomberg) — Bermudian-based Third Point Reinsurance Ltd won lower fees on investments overseen by Dan Loeb’s Third Point LLC, the hedge fund manager that helped start the reinsurer. Third Point Re will pay a 1.5 per cent annualised fee in ...

A friendly society has lost an initial legal claim that it could offer members third party motor vehicle insurance. However, according to a court judgment, the final decision as to if the Bentley Friendly Society can provide members with third party ...

Shares of Bermudian-based insurers were battered last Friday after Britons voted to leave the European Union. Uncertainty over what happens next, question marks over future access to markets, a fall in bond yields squeezing investment income and curr...

A new insurance broker has launched in Bermuda. Intrepidus Insurance Services is an independent broker aimed at helping personal and business customers evaluate and navigate insurance. Henry Sutton, president of Intrepidus and a veteran of the island...

Major insurers could take a significant hit as a result of Britain’s decision to pull out of the European Union, a top ratings agency warned yesterday. AM Best said it did not expect to take rating actions in the near future as a result of the shock ...

Blue Capital Global Reinsurance Fund Ltd is to start buying back its own shares because they have been trading below their net asset value, the fund said yesterday. The company, which is a subsidiary of Bermudian-based Endurance Specialty Holdings Lt...

Britain is heading for the European Union exit door. By 3.30am today it was confirmed that the referendum on whether Britain should stay in the 28-country bloc was a victory for the “leave” campaigners. They won 52 per cent of the vote. Turnout was h...

Bermuda’s insurance and reinsurance sector could face a major international shake-up after the UK voted to leave the European Union. Brad Kading, president and executive director of the Association of Bermuda Insurers and Reinsurers, said: “Abir memb...

Island insurer Freisenbruch-Meyer has launched a new cyberliability protection plan — a first for the Bermuda sector. The Front Street firm said the decision reflected increasing concern about cybercrime in the business world. William Madeiros, execu...

Tough times lie ahead for reinsurers and some may struggle to survive, according to rating agency AM Best. In a special report on the industry’s first quarter, AM Best notes that the group of 16 companies it monitors — half of which are based in Berm...

It has been a busy first year for Paul Scope, who took the reins of Willis Bermuda last April. The parent company has since been involved in two significant mergers and is now known as Willis Towers Watson. At a local level, the company is undergoing...