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The Neal bill is a threat to Bermuda’s insurance market but the market has the strength and adaptability to flourish even if US lawmakers ever pass it. That was the consensus among panellists at the Insurance Day Summit yesterday, who were discussing...

Politics is about the only hurdle standing in the way of Bermuda achieving Solvency II equivalence, believes Charles Dupplin, CEO of Hiscox Bermuda. Speaking at the Insurance Day Summit held at the Fairmont Hamilton Princess yesterday, Mr Dupplin sai...

The golden age of the insurance industry is yet to happen, according to Willis Group Holdings chairman and CEO Joe Plumeri. Mr Plumeri, who was the keynote speaker on the first day of the Insurance Day Summit held at the Fairmont Hamilton Princess ye...

Inspectors from the European Union were in Bermuda last week for an on-site vetting of the Island’s insurance regulation. The visit was part of the assessment process as Bermuda bids for “third-country equivalency” with Europe’s enhanced Solvency II ...

PartnerRe Ltd expects to sustain losses of between $50 million and $70 million from the outbreak of deadly tornadoes that hit the US in the last week of April. Like many property-catastrophe reinsurers, PartnerRe is having an expensive year. The Berm...

Risk and insurance management service provider Kane will have the advantage of being able to tap into an extensive global network of operations following its acquisition of the insurance management operations of HSBC. That is according to Roy Fellowe...

There are signs that the reinsurance market is firming up as insurers in wind-prone US states seek protection for losses during the hurricane season. According to UBS analyst Brian Meredith, Florida property catastrophe reinsurance rates were up by a...