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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...

Reinsurance capital hit $580 billion at the end of the first quarter of the year — equalling the previous peak supply reached in the same quarter last year. The latest figure was up 3 per cent on the end of 2015. Alternative market capacity, however,...

Former Bermuda Monetary Authority executive Shelby Weldon has joined insurance broker and risk manager Marsh Captive Solutions. Mr Weldon, who was most recently director of licensing and authorisations at the BMA, will lead a team of 14 captive manag...

EY has been recognised as the top CPA firm at the US Captive Awards in Vermont. In winning the award, the judges said they were “impressed with EY’s significant uptick in its captive focus during the past 12 months and the investment it has made in i...

A new business relationship with Britain in the wake of its vote to leave the EU is “critical”, an island business leader said yesterday. Bradley Kading, president and executive director of the Association of Bermuda Insurers and Reinsurers, said the...

During the past eight years, Argo Group International Holdings has, through The Argo Foundation, made donations totalling $1.25 million to charities in Bermuda. The Argo Foundation was established in 2008. It supports programmes and services “that en...

NEW YORK (Bloomberg) — Hedge fund manager Dan Loeb’s corporate credit portfolio returned 15 per cent in the second quarter, helped by a bet on high-yield bonds. “Performance was largely driven by positive returns from performing credit investments in...

A Bermuda delegation will tomorrow attend a major conference on captive insurance in the US. The VCIA 2016 Annual Conference is being held in Vermont. Grainne Richmond, president of the Bermuda Insurance Management Association and vice-president at i...

Insurance firm Freisenbruch-Meyer will be back in its Front Street office by early next month. The office building suffered smoke and water damage last month as a result of a major blaze that gutted a neighbouring property. Company president Michael ...