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NEW YORK (Bloomberg) — Former American International Group chairman Maurice “Hank” Greenberg says he got personally involved in an “insignificant” business deal at the insurance giant 18 years ago to teach some managers a lesson. Now, that deal is pa...

American International Group, Hamilton Insurance Group (Hamilton), and affiliates of Two Sigma Investments, LP today announced they have reached agreement to form Attune, a technology-enabled platform to serve the $80 billion US small to medium-sized...

Bermuda’s bid to attract more business from Latin America could put visiting business chiefs at risk from kidnapping, an expert warned yesterday. Elman Myers, managing director of Bermudian-based Hiscox’s special risks agency for the Americas, said t...

The reinsurance industry is ready to transform into a more efficient and data-driven industry — and participants who fail to realise that will struggle to survive. That is the view of Kathleen Reardon, chief executive officer of Hamilton Re, who beli...

Reinsurance firm Catco has set aside capital to cover potential losses involving a floating production platform at an offshore oilfield in Ghana waters. A statement from the firm said: “This loss reserve covers 100 per cent of the company’s offshore ...

The insurance industry has to get leaner and make greater use of technology, according to industry veteran Brian Duperreault. Mr Duperreault, chairman of Hamilton Insurance Group, said: “Our delivery of our product is grossly over-expensed. “We are n...

Representatives from the Bermuda Monetary Authority and ten major reinsurance companies took part in a recent brainstorming session led by global blockchain technology consortium R3. The workshop, held at Bermuda Business Development Agency offices l...

In line with the evolving threat of terrorist attacks around the world, an expanded terrorism risk model has been announced by AIR Worldwide. The model will allow insurers, reinsurers and others to test likely terrorist attack scenarios in 28 countri...

Reinsurance pricing is not sustainable, Axis president and CEO Albert Benchimol warned yesterday. Mr Benchimol said, however, that the subject was not being discussed as much as he would like at Monte Carlo industry conference Rendez-Vous. He added: ...

A West End man has cried foul after his insurance failed to cover him for accident damages, even though he was cleared in court of wrongdoing. However, according to his insurer, the case illustrates the value of getting the broadest package of covera...

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 ...