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Oil Casualty Insurance, Ltd (OCIL) has announced the introduction of a new line of insurance. Beginning in December, the company began writing all risk property insurance on a direct and facultative reinsurance basis for energy companies. OCIL’s div...

Bermuda-based Kalista Global, an insurance and reinsurance services company with a focus on the alternative reinsurance sectors, has partnered with Bermuda-based New Grange Brokers to launch a type of parametric index-based insurance weather product....

Hearings continue this week within the Florida state legislature to discuss the potential downsizing of the Citizens Property Insurance Corporation — a move that would greatly benefit Bermuda’s reinsurance market. Citizens, in theory was created to a...

WASHINGTON (BestWire) — The US Supreme Court has accepted an appeal filed by Willis Group Holdings stemming from the insurance broker’s work for Allen Stanford, the Texas financier who is serving a 110-year sentence in federal prison for running a $7...

Bermuda saw an uptick in the establishment of new insurance-linked securities last year. A total of 27 new Special Purpose Insurers were registered by the Bermuda Monetary Authority (BMA) last year - 11 in December alone, the Bermuda Insurance Develo...