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Bermuda reinsurer Everest Re Group Ltd reported that second-quarter profits rose by more than five percent from the same period last year to $290.2 million, or $6.26 per diluted common share. After-tax operating income, excluding realised capital gai...

BFIS awarded $482,000 in scholarship funding to 15 students this week — bringing the total the Foundation has given out since it was formed to $5.075 million, all funded by the insurance industry. Over 60 guests attended the Bermuda Foundation For I...

Last week, Allied World — a Swiss-based re/insurer — launched a global pop-up marketing campaign in Bermuda, London and New York. The ‘Beat the Heat’ campaign targeted island-wide and global brokers in appreciation of their continued business and sup...

Shares of Bermuda reinsurer Platinum Underwriters Holdings Ltd fell more than four percent yesterday after the company’s second-quarter earnings fell short of analysts’ expectations. Platinum reported net income of $36.2 million for the April through...

Investors will soon have an opportunity to ride the star of top Bermudian insurance executive, Brian Duperreault and his latest corporate venture. The Hamilton Insurance Group may go public as early as next year, as the company continues to swiftly b...

The World Bank has issued its first catastrophe bond — a $30-million deal providing reinsurance protection to an earthquake and hurricane insurance fund, whose beneficiaries are Bermuda and 15 Caribbean governments. All 16 countries are signatories t...

Market pressures on the risk sector at July 1 renewals continued to drive price decreases across virtually all geographies and lines of business, many in the double-digit range, according to global reinsurance broker Guy Carpenter. “While the impact ...

The April through June period set a new quarterly record for the volume of catastrophe bonds issued. According to a report by Willis Capital Markets & Advisory (WCMA), $4.5 billion of non-life catastrophe bond capacity was issued in 17 deals in the s...