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Lloyd’s insurer Canopius Group Ltd has announced its first ever loss £64 million (about $100.6 million) before tax for 2011. The loss comes after the company posted a profit of £40 million (about $62.9 million) for 2010. Canopius, a UK-based insuran...

Two of the Island’s promotional groups on the front lines of attracting international business to Bermuda will be merged into one group. This is according to Minister Wayne Furbert, Business Development and Tourism in his speech to the House yesterda...

Reinsurance industry veterans held court last week, giving advice on how they successfully led start-up companies and what kind of talent they looked for when growing their staff. Don Kramer, founder, chairman and CEO of ILS Capital Management Ltd; ...

Bermuda market companies will end up shouldering at least 40 percent of the total reinsurance losses sustained as a result of the series of catastrophes that occurred in 2011. That was the message from Brad Kading, president of the Association of Ber...

Willis is about to become the first global insurance broker in the world’s fastest-growing urban centre. The London-based Willis Group said the Chinese government has granted it permission to open a new office in the city of Chongqing. The new addit...

In a deal worth $914 million, global banking giant HSBC has sold off its general insurance businesses in five different countries in an effort to get out of operations it no longer considers a core part of the bank. French insurance company, Axa is ...

Severe tornado activity throughout the US this year is running twice the average, racking up losses estimated at up to $2 billion, prompting industry insiders to speculate how much Bermuda’s reinsurers will be on the hook for. Natural catastrophe mod...

Bermuda-based Omega Insurance Holdings took a huge hit to their bottom line in 2011, recording $85.6 million in catastrophe losses citing significant impact of natural disasters and “frustrating” corporate activity, having rejected several takeover b...