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More than half of the money invested in catastrophe bonds could be wiped out by a single hurricane, according to catastrophe modelling experts AIR Worldwide. Although such a storm is considered likely to happen only once in 10,000 years, the findings...

Reinsurance rates are falling amid a glut of capital in the industry, according to reinsurance broker Guy Carpenter. In its latest market report, Guy Carpenter said property-catastrophe reinsurance rates during January 1 renewals were down 11 percent...

A ratings agency has boosted the standing of a Bermuda-based reinsurance company after its takeover by former industry tycoon Brian Duperreault. AM Best has removed SAC, now called Hamilton Re, from review and affirmed its financial strength rating ...

It is one of the biggest buys ever made by the Japanese insurance firm. Michael Watson, chairman and CEO of Canopius, said: “We have a long-standing business relationship with the NKSJ Group and are very proud to become the specialist insurance platf...

The Bermuda Foundation For Insurance Studies (BFIS) received an early Christmas present in the form of a donation of $15,000 from Bermuda-based insurance company Lancashire. John Ringold, Lancashire’s Bermuda operations manager said: “We are delighte...

Home Affairs Ministers Michael Fahy has praised an internship programme for Bermudians, which was launched this week by the Lancashire Foundation. Senator Fahy described the scheme, which will see two college graduates sent to Lancashire Holdings Ltd...

NEW YORK (Bloomberg) — Funds specialising in insurance-linked risks such as catastrophe bonds are benefiting as the $30 trillion pension industry increases bets in a market that hasn’t posted an annual loss. At Leadenhall Capital Partners in London, ...

Bermuda needs to roll out the red carpet at home and abroad to attract new business, a major seminar on captive insurance heard yesterday. And the key to attracting more business from the booming markets of Latin America is personal visits, as well a...

Bermuda’s reinsurers will be among those paying out estimated claims of between $960 million and $1.9 billion related to high winds that battered parts of Western Europe last week. The range represents the preliminary estimate of catastrophe modellin...

Bermuda’s property and casualty re/insurers will likely see their profit margins come under pressure in 2014, according to stock research analysts Keefe, Bruyette & Woods (KBW). In a report published this week, KBW said the sector faced pricing press...