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Bermuda reinsurers are keeping a close eye on ballooning property insurance rates in Florida, downgrades to the state’s property insurers precipitated in part by insurance fraud and expensive litigation, all in the path of another above average hurri...

The Bermuda Monetary Authority is seeking special reporting from the island’s insurance groups on underwriting and balance sheet exposures to the Russia-Ukraine war for the period to the end of March. Respondents are asked to complete reporting forms...

Estimates for ultimate insurance and reinsurance losses for the Russo-Ukraine war are already rising above $20 billion and could become the largest political violence loss in history. This, from data provider PCS which is part of Verisk Analytics, pr...

SiriusPoint Ltd’s goal for 2022 is a natural one: to make an underwriting profit. “Despite a lot going on in the market to start the year, I remain optimistic that we are going to get there,” company chief executive officer Sid Sankaran told The Roy...

Middle market property, a new commercial property insurance product designed to serve the unique and unmet needs of middle market customers, has been launched by Everest Re’s insurance division. Everest Re Group Ltd. Is a global provider of reinsuran...

In 2021, CG conducted more than 120 medical evacuations of CG Members to overseas hospitals where they received critical, often lifesaving emergency care. Medical evacuations, or medevacs as they are known, is one of many responsibilities CG performs...

Argus Americas has announced the recent appointments of Kimberley D Caines-Best as the senior legal counsel and Tawanna Wedderburn as the vice-president, practice operations. In addition, Sasha Castle-Siddiq has been promoted to the position of legal...

AM Best is citing past issues with the Argo insurance group, but still has affirmed solid financial strength ratings and issuer credit ratings for the Bermuda company. Best has affirmed the financial strength rating of A- (Excellent) and the long-ter...

Government officials and the executives of the Bermuda Business Development Association delegation at Rims have moved on for the second part of their mission in California. They took advantage of the Rims trip to the San Francisco Bay Area to also vi...

LONDON, April 12 (Reuters) – Lloyd's of London said on Tuesday it had advised its employees and market participants not to come to their City of London headquarters on Tuesday and was trading remotely after climate activists blocked several entrances...

Bermudian international company Mosaic Insurance has opened an office in Chicago, Illinois, its second US physical location, as the staff buildout continues. Mitch Blaser, co-founder and co-CEO of Mosaic, said: “The new Chicago office underscores our...

Oceanview Reinsurance Ltd., a Bermuda Class E insurance company, has appointed Stelian Dragan president and chief business development officer. Based in Hamilton, Bermuda, he will be responsible for directing the business development activities of Oc...