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Bermuda provides a stronger regulatory environment for insurers than the Cayman Islands and is likely to benefit from its quest for Solvency II equivalence. That is the view of Fitch Ratings senior director of insurance, Brian Schneider, who suggeste...

Reinsurers were taken by surprise last year by a slew of catastrophes in the Asia-Pacific region that were outside the scope of the computer models they use to evaluate the risks they take on. Now catastrophe modellers like AIR Worldwide, who create ...

As reinsurance executives converge on Monte Carlo this week, a new report assesses the state of the reinsurance industry. Aon Benfield, the global reinsurance intermediary and capital advisor of Aon, yesterday released the September 2012 edition of ...

While most Bermuda residents spent last week preparing for a hurricane, but many reinsurance executives were evacuating for another reason: they were travelling to Monaco for the 2012 Reinsurance Rendezvous. At the annual event in Monte Carlo, the gl...

Bermuda is driving the growth of the insurance-linked securities (ILS) market, a market that is expected to quickly accelerate, says a new research paper from professional services firm PwC. Co-authored by PwC Bermuda’s insurance leader Arthur Wightm...

Bermuda’s insurers yesterday urged residents to take the threat of Leslie seriously, saying phones were ringing all day yesterday with customers concerned about coverage. Insurance bosses said it’s tough to project the extent of damage a Category 2 h...

Fifteen of the world’s top 50 reinsurers are based in Bermuda, according to a report on the global reinsurance market by ratings agency AM Best. The report, which bases its rankings on the amount of gross premiums written by reinsurers last year, rat...

Bermuda-based Third Point Re is expanding with yesterday’s announcement that the company will be opening a London subsidiary office, pending regulatory approval. The subsidiary, to be named Third Point Re Marketing (UK) Ltd, pending approval, will be...

Three insurance bosses caused a stir when they spoke frankly about their views on doing business in Bermuda in excerpts from a roundtable discussion published last month in this newspaper. That was only the beginning. In the latest edition of the Ber...

NEW YORK (Reuters) - Hurricane Isaac has caused up to $1 billion in economic losses for offshore energy properties and up to $1.5 billion in insured losses onshore in Louisiana and neighbouring states, disaster modeller Eqecat said yesterday. While t...

NEW YORK (Reuters) - Hurricane Isaac is likely to cause substantial flooding along the US Gulf Coast, but losses should be a fraction of what they were when Hurricane Katrina ploughed the same path in 2005, disaster experts said yesterday. If anythin...