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A $275 million catastrophe bond providing insurance protection to US train company Amtrak illustrates a growing trend of corporations going directly to the capital markets to cover some of their risks, according to an insurance-linked securities (ILS...

A delegation from Bermuda aims to steer business towards the Island when it attends the American Society for Healthcare Risk Management (ASHRM) conference in Indianapolis this month. Changes in healthcare policies in the US in the past few years, par...

Two students have been sponsored by an international business body to attend a major conference on insurance. The Association of Bermuda Insurers and Reinsurers (Abir) have backed Kishana Thomas Quallo and Edward Gouveia DeSousa, both Bermuda Insuran...

Four major rating agencies have a negative outlook for the reinsurance sector. Significant declines in pricing during 2014, and the continuing pressure on pricing this year is one of the factors noted by agency AM Best. It also noted the effect of in...

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...