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Major catastrophe losses shaved three percent from total worldwide reinsurer capital last year according to a new study just released. The Aon Benfield Aggregate report, which analyses the year-end financial position of the world’s leading reinsurer...

Bermuda insurers’ profits were decimated last year by huge catastrophe losses, the latest figures from the Association of Bermuda Insurers and Reinsurers (ABIR) showed. Data based on 21 of ABIR’s 22 member companies showed that their combined net inc...

Business Development Minister Wayne Furbert has welcomed the formation of PaCRe, formed by Bermuda reinsurer Validus Holdings in conjunction with American hedge fund manager John Paulson. As reported by The Royal Gazette nearly two weeks ago, PaCRe w...

Bermuda is the largest captive domicile in the world and now, two of the Island’s largest insurance industry organisations are teaming up to host a first of its kind symposium for professionals in the captive insurance market. The one-day Captive Ed...

Platinum Underwriters Holdings Ltd said yesterday that it expects losses from severe weather in the US to have a negative impact of almost $25 million on its first-quarter financial results. The losses relate mainly to tornadoes and hailstorms in Ken...

Allied World Assurance Company Holdings has announced the centralisation of its global reinsurance operations. The move will see the company’s various business lines reporting to the company’s global President and COO, John Bender. According to Alli...

A local internship programme set up to help Bermudians get a leg up in the insurance industry is having a hard time finding enough interested students. For more than 15 years, the Bermuda Foundation for Insurance Studies (BFIS) has provided scholars...

Bermuda’s “darker side” has come under the global spotlight as a UK insurance publication claims the increase in violent crime could spark a mass exodus of international business. The Insurance Times, which has close to 20,000 readers mostly based in...

The Bermuda Insurance Institute has announced the winners of the 14th Annual Insurance Industry Awards. Former CEO of PartnerRe, Patrick Thiele; chairman, president and CEO of Arch Capital Group, Constantine (Dinos) Iordanou and senior regulatory ac...