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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...

Insurance giant Chubb has appointed a new Bermudian graduate trainee. Denzel Simons, an economics graduate from Florida International University, has joined the excess liability department on the two year programme, designed to provide recent graduat...

Cyber-risk insurance has the potential to create a new market and revenue stream for the insurance and reinsurance industry. And it may eventually become a stand-alone single peril class, something many underwriters would like to see happen. Those we...

Island insurer Freisenbruch-Mayer has launched a new cyberliability protection plan — claimed to be a first for the Bermuda sector. The Front Street firm said the decision reflected increasing concern about cybercrime in the business world. William M...

NEW YORK (Bloomberg) — Aon chief executive officer Greg Case, who moved the insurance broker to London from Chicago four years ago, said Britain’s centuries-long leadership in the industry would be damaged if voters choose to leave the European Union...

Lloyd’s of London-based insurer Neon has opened a new office in Bermuda. And the firm aims to expand its on-island two-strong team as it targets the US market. Neon has recruited Bermudian Chris Fisher, an underwriter with 25 years of experience in t...

NEW YORK — Dan Loeb’s Bermudian-based Third Point Reinsurance Ltd said scrutiny of the industry’s offshore tax advantage has lessened after hedge fund manager John Paulson closed a venture that stood out as an “outlier” for its aggressive use of stra...

Insurer and reinsurer Aspen has appointed a new head of its international marine sector. Christopher Wildee, who will be based in London, will report to Ann Haugh, president of Aspen International Insurance and the chief operating officer of Aspen In...

A major conference for the captive insurance industry has been hailed a success. The three-day Bermuda Captive Conference, which attracted a record-breaking number of more than 800 delegates, ended yesterday. Conference chairman David Gibbons said: “...

Expect the British pound to plunge against the US dollar if Britain votes to leave the European Union next week, an investment expert said yesterday. Henk Potts, director of global investment strategy for Barclays Wealth, also warned that the impact ...