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Bermuda-based insurance holding company Athene Holding has completed the acquisition of a German life insurance firm. Athene bought Delta Lloyd Deutschland AG (DLD) and its subsidiaries from Dutch-based Delta Lloyd. Athene Holding CEO James Belardi s...

BF&M Ltd has acquired Bermuda-based insurance agency Kitson Insurance Services Ltd. Kitson has been in business since 1947 and BF&M has said it will keep on two of the agency’s leading staff on a full-time basis. The terms of the deal were not disclo...

A hi-tech way to assess people’s life insurance risk is set to revolutionise the industry, an expert predicted yesterday. And he said underwriting based on a selfie taken on a smart phone, coupled with a short questionnaire, would be more effective t...

The actuary’s role is evolving into one which entails greater input into strategic business decisions. That is a trend noted by professional-services firm Deloitte, which is hosting a webcast next week to address the changing expectations of insuranc...

Insured losses from the earthquake that struck Chile last week haven been estimated at up to $900 million. The 8.3-magnitude earthquake on September 16 was centred about 30 miles off shore from the city of Illapel, and at a depth of 20 miles. At leas...

In the wake of the Tianjin explosions, which caused insured losses of up to $3.3 billion last month, China is showing growing interest in the Bermuda reinsurance market. That’s the view of Chris Garrod, director in the insurance practice of Conyers D...

The introduction of affordable healthcare in the US is a shot in the arm for captive insurance in Bermuda. Now the Bermuda Business Development Agency (BDA) is to hold a special webinar to highlight the Island’s expanding healthcare insurance market....

Major tech companies could muscle in on reinsurance and insurance, PwC chief Arthur Wightman has predicted. Mr Wightman, at the annual Monte Carlo Rendez-vous gathering for the industry, was speaking in the wake of a PwC report on mega deals and merg...

Italian investment giant Exor plans to propel Bermuda reinsurance firm PartnerRe into the top tier. Exor CEO John Elkann, part of the billionaire Agnelli family that runs the company, said he hoped to put PartnerRe in the top four reinsurers in the w...

The helmsman of America’s Cup holders Oracle Team USA is to steer a course for a major reinsurance conference. Jimmy Spithill, a two-time winner of the coveted sailing trophy, will be the keynote speaker at the Bermuda Convergence 2015 event next mon...

New player Hamilton Re will enter the property insurance market, CEO Kathleen Reardon said yesterday. Ms Reardon added that the firm would also join the facultative market — a form of reinsurance in which a contract is negotiated for a specific insur...

NEW YORK (Bloomberg) — Jay Fishman, who built New York-based Travelers Cos into one of the world’s biggest insurers, lamented that disparities in tax rates are pushing established rivals and industry newcomers outside the US. Over the past 15 years o...