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Government needs to create an independent risk management division to help prevent spending millions annually in insurance premiums, according to Shadow Estates Minister Cole Simons. “Over the past three years the Bermuda Government has paid in exces...

Two of the world’s largest catastrophe modellers have entered into an agreement to share exposure data. The multi-year agreement between Risk Management Solutions (RMS) and AIR Worldwide (AIR) is limited to exposure data schemas and does not include ...

Bermuda-based asset manager, PRP Performa Ltd, has launched a new high-yield fund designed for captive and re/insurance firms. According to the company, the Performa HY Fund, gives traditional fixed income and equity investors a way to gain diversifi...

Allied World Assurance Company Holdings yesterday announced two senior appointments in its Bermuda operation. Peter Cooper has been promoted to senior vice-president, chief international corporate actuary, subject to Bermuda Department of Immigration...

Armour Group Holdings Ltd has formed a new Bermuda investment management firm focused exclusively on insurance-linked products. ILS Investment Management Ltd said the that initial insurance-linked strategies development will be “aimed at providing in...