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Bermuda-based Platinum Underwriters Holdings Ltd has released its estimated catastrophe losses related to superstorm Sandy, becoming the latest firm to estimate the impact of the storm that hammered the US Northeast in late October. Predictions of th...

Former XL CEO Brian O’Hara says he and his business partners are “on the goal line” as they seek the go-ahead from regulators to pursue a new product that has the potential to generate $1 billion in premiums for the Bermuda insurance market. Speaking...

Tower Group has announced its merger with Canopius Holdings Bermuda Ltd won’t be finalised until the first quarter of 2013. Tower said that its preliminary proxy materials are still under review by the US Securities and Exchange Commission (SEC) and,...

A Bermudian captive expert is “bullish” on Bermuda’s financial future. In a speech to Hamilton Rotarians yesterday, Cyril Whitter, president and CEO of captive consultancy Independent Management Ltd, said that while much was made of the Island’s econ...

Bermuda’s insurance companies are likely to continue trimming their operations here to the underwriting essentials in an economic climate that forces managers to focus on cost cutting. That is the view of experienced reinsurance executive John Berger...