Log In

Reinsurers could be hit with worse-than-expected losses after a major event because worsening terms and conditions have increased their risk exposures. That is the view of industry analyst Taoufik Gharib, of Standard & Poor’s Rating Services, who is ...

The insurance and reinsurance industry should put sustainable development at the heart of their business philosophy, a conference tomorrow is due to hear. Arthur Wightman, the Bermuda leader and insurance leader at financial services firm PwC, said t...

Insurance chiefs have joined forces to back the first-ever careers month for the industry. And Hamilton Insurance Group chief Brian Duperreault, Inga Beale of Lloyd’s of London and Dan Glaser of Marsh & McLennan have sent an open letter calling for b...

Bermuda-based bond insurer Assured Guaranty yesterday posted profits of $129 million for the third quarter — $206 million down on the same period last year. The 2015 third quarter figure — equivalent to 88 cents per share — compares to third quarter ...

Structural changes to the reinsurance industry will be the focus of the Bermuda Reinsurance Conference, sponsored by PwC Bermuda and Standard & Poor’s Ratings Services, next Tuesday. The conference will feature a number of top executives who will sha...

For an Island so small, it is remarkable that Bermuda produces anything that could be labelled “best in the world”. Yet, occasionally, we can genuinely lay claim to something that we, or one of our small number, does better than the other seven billi...

Reinsurance firm Maiden Holdings has reported a profit of $22.5 million, or 30 cents per common share, for the third quarter. That is down from the $27.8 million made during the same period in 2014. However, Art Raschbaum, chief executive officer, sa...

Former Montpelier Re senior vice-president Nik Lucking has joined Lloyd’s listed Novae Group, and is based in the company’s Bermuda office. Mr Lucking, who has also previously worked for Willis in Bermuda, is Novae’s unit head for US direct and facil...

Reinsurance firm Blue Capital posted profits of $4.4 million for the third quarter of the year. The specialist in insurance-linked securities (ILS) said that was equivalent to 50 cents a share. Reinsurance premiums written for the quarter were $5.9 m...

Aspen Insurance Holdings yesterday said its insurance operation had recorded the strongest quarterly underwriting performance in company history — but net income plunged due to investment losses. The Bermuda-based firm recorded underwriting income in...

The sale of two arms of its operation is set to boost the undeployed capital at White Mountains Insurance Group to $2.5 billion. Bermuda-domiciled financial services group Symetra has been bought over by Sumitomo Life Insurance of Japan, while reinsu...

Insured losses from the costliest wildfires in the US since 2007 are forecast to exceed $1.1 billion. More than 2,000 homes were destroyed by the most destructive fires to the northwest of San Francisco and southwest of state capital Sacramento. Four...