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Business interests ranging from Walt Disney to Dow Chemical are among 260 organisations who have signed a letter to the US Congress calling for the Terrorism Risk Insurance Act (TRIA) to be reauthorised. The US Chamber of Commerce rallied those who s...

Freisenbruch-Meyer Insurance Services Ltd.(FMIS) has announced it has been invited to be a member of Assurex Global as the exclusive ‘partner’ in Bermuda. A press release announcing the invitation stated: “After a thorough vetting process, the world...

Reinsurers had a “miraculous” year of strong profitability in 2013 — despite a slew of challenges which ratings agency AM Best expects to weigh on the industry’s future prospects. In its special report on the global reinsurance sector, entitled “Coul...

Mutual insurer OIL is to pay a total $300 million dividend to its energy industry members after it booked a full-year profit of $631.9 million. The Bermuda-based company told shareholders at its annual meeting last week that it wrote and earned $550....

Reinsurers will report solid underwriting profits for the first quarter of this year as catastrophe loss events were limited, according to Fitch Ratings. Losses from severe winter weather in the US and widespread flooding in the UK will be “manageabl...

Reinsurance pricing continued to fall almost across the board at the April 2014 renewals, according to the 1st View renewals report from reinsurance broker Willis Re. Trends observed by Willis during the January 1, 2014 renewals continued and showed ...

Close to four out of five North American insurance executives say their companies are actively considering potential acquisitions, according to a survey which indicates a likelihood of growing consolidation in the industry. The survey was carried out...

Business was the subject for Victor Scott Primary School students taking part in an XL pilot programme designed to inspire the nine and ten year olds to pursue opportunities that occur in the future — a programme which next year will be made availabl...