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Everest Re Group reported record earnings last night easily beating analysts’ expectations. The Bermuda reinsurer reported net income of $384.3 million or $7.50 per share in the first quarter of 2013 compared to $304.7 million, or $5.68 per diluted ...

A proposal in US President Barack Obama’s 2014 budget has sparked more opposition this week — this time from two insurance industry organisations that say the proposal “violates a long-standing US tax policy” and would boost prices for terrorism cove...

Standard & Poor’s outlook revision for Bermuda does not affect the Island’s insurers and reinsurers, the firm has confirmed. The rating agency recently placed Bermuda’s sovereign credit rating from stable to negative, however S&P’s credit and financi...

(Originally published in Business Bermuda Review 2013, March 2013.) As November 2012 drew to a close, catastrophe modelling firms were releasing their latest insured loss estimates from Hurricane Sandy, punctuating with an exclamation mark what has b...

The Bermuda Insurance Institute (BII) has named former chairman of the Bermuda Insurance Development Council, Roger Gillett, as the recipient of its 2013 Lifetime Achievement Award. Mr Gillett spent 20 years with Johnson & Higgins (Bermuda) Ltd., whe...

Ace Limited has become the latest company to get into the third-party reinsurance capital management arena with the launch of a $95 million special purpose vehicle (SPI) called Altair Re. Ace, one of the world’s largest multiline property casualty i...

Bermudian Noel Pearman is a rising star in the Island’s international business arena. An underwriter at XL Insurance (Bermuda), he has now been promoted to vice-president within the company’s professional lines insurance department. He has also just ...