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A bust of insurance industry veteran Robert Clements has been unveiled in the grounds of a company he helped to found. The likeness of Mr Clements, by Bermudian sculptor Desmond Fountain, has been placed on a walkway bearing his name connecting the f...

A new $200 million catastrophe bond has been admitted to the Bermuda Stock Exchange listings. The Akibare Re bond is sponsored by Mitsui Sumitomo Insurance Co and is the third in a series. All three were set up to provide Japanese typhoon reinsurance...

Insurance veteran Brian Duperreault yesterday told a major conference in Arizona that his Hamilton Insurance Group would not cover cyberattacks. Mr Duperreault said: “At Hamilton, we’re taking a cautious position on cyber. “We’re not writing it as a ...

Concern that warming global temperatures will create more powerful tropical storms and hurricanes, and potentially costlier catastrophes for insurers, appears to have been borne out during the past six months, with both the northern and southern hemi...

International General Insurance Holdings Limited reported net earnings of $35 million for 2015, an increase of 2 per cent from the $34.3 million from 2014. The group, which is registered in the Dubai International Financial Centre, has its primary un...

ILS Property & Casualty Re Ltd, a licensed Bermuda reinsurer, has acquired Rampart Insurance Company, a New York-licensed reinsurer in run-off. The Bermuda firm is a wholly owned subsidiary of ILS Property & Casualty Master Fund Ltd, which is managed...

Those interested in pursuing a career in insurance may want to attend a seminar next week on one particular aspect of the business. Tawana Tannock, the vice-president of claims and compliance at Bowring Marsh, will host a two-hour seminar titled ‘Day...

Ratings agency AM Best has affirmed financial ratings of Bermudian-based Hamilton Insurance Group’s companies. AM Best retained the A- (excellent) financial strength rating of Hamilton Re, Hamilton Specialty Insurance Company and Hamilton Insurance C...

Nearly 200 insurance and reinsurance executives from Bermuda are to join Government and regulators at a major industry conference in the US in April. The Bermuda Business Development Agency is coordinating the island presence at the annual Risk and I...

Traver Alexander has been promoted to a key role within the Association of Bermuda Insurers and Reinsurers. He has been appointed senior public policy and regulatory affairs representative for the organisation. Mr Alexander will continue to have resp...

Jay Bullock, the chief financial officer at Hamilton-based Argo Group International Holdings, is to speak at an institutional investors event in Florida. The Raymond James Annual Institutional Investors Conference will be held at the JW Marriott Orla...

The City of London is poised to launch a fresh bid to lure lucrative insurance-linked securities business to Britain. London’s prestigious Financial Times reported yesterday that the British government had set its sights on attracting the fast-growin...