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PartnerRe Ltd today reported a net loss attributable to common shareholders of $539 million for the first quarter of 2022, compared with a net loss of $66 million for the same period last year. PartnerRe said the insurance industry continued to be im...

AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of four subsidiaries of Bermudian-based Convex Group Limited. Island-based Convex Re Limited (CRL), Convex Insurance UK Li...

The difference between actual and insured losses around the world could widen from $1.4 trillion in 2020 to $1.8 trillion by 2025, with the Asia-Pacific region accounting for almost half of all uninsured risk, according to a new PWC report. PwC o...

A dual enrolment student graduating from the Bermuda College has set his sights on a highflying career as an actuary. Kallan Richardson, 16, has completed two years of an Associate in Actuarial Science at the college and will be transferring with adv...

Sid Sankaran has resigned as chairman and chief executive officer of SiriusPoint Ltd, the international specialty re/insurer headquartered in Bermuda. The company said he is to “pursue other opportunities”. The board of directors of SiriusPoint has n...

Starr Insurance Companies has announced an agreement with FPG Insurance Holdings Limited (HK) and local Thai shareholders to purchase FPG Insurance Public Company Limited, a Thai non-life insurance company, together with local Thai parties. Starr sai...

AM Best has removed Coralisle Group Ltd’s subsidiaries from “under review with developing implications” and affirmed CG’s credit rating following its acquisition this month of Barbados-based Massy United Insurance Ltd, the Bermudian-based insurer rep...

A leading local insurance company has confirmed that personal client data was accidentally released to unauthorised recipients, but said it did not include personal health or financial information. CG Insurance confirmed to The Royal Gazette that an...

An island-based non-life insurance group has joined forces with the Bermuda Institute of Ocean Sciences in the battle against climate change. Randall & Quilter’s support will be directed towards research undertaken by Bios’s Ocean Academy which since...

Argo Group International Holdings, Ltd. could be on the market for sale or a merger, the company has said. The board of directors has initiated an exploration of strategic alternatives, according to a press statement. The review will include consider...

A US celebrity doctor who visited Bermuda this week highlighted concerns about the excessive centralisation of decision-making in healthcare. Drew Pinsky added that it was important for patients to be informed and to have options for health coverage....

Christine Snyder has joined Axa XL’s Bermuda insurance excess casualty team as a vice-president, senior underwriter. Ms Snyder’s responsibilities include delivering profitable underwriting service to clients. She will also be developing and managing...