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An insurance company has backed plans for a major shake-up of the healthcare system. Peter Lozier, the chief executive of Argus Americas, said the company shared the Government’s “vision to provide access to quality, affordable healthcare to every Be...

A friendly society told a court yesterday that a police investigation should be launched into the reasons it was denied permission to provide motor insurance. Craig Walls, a member of the Bentley Friendly Society, told the Supreme Court: “It is scand...

Bermuda-based PartnerRe has declared large catastrophe losses. Net of retrocession and reinstatement premiums were $297 million for the third quarter of 2021, and $417 million for the first nine months of the year. Loss estimates for winter storm Ur...

Argus Group Holdings Limited and The Phoenix Stores have teamed up to provide rapid, at-home Covid-19 antigen test kits to Argus-insured members at a discounted rate. Argus has purchased 10,000 Healgen® lateral-flow test kits to be distributed to the...

Due to this unpredicted, horrendously impactful pandemic climate, owners of commercial industries of all sizes and shapes may be spending more time scrutinising their business interruption and commercial general liability insurance policies planning ...

Plans to change the island’s healthcare system will feature in today’s Throne Speech, it was revealed last night. An excerpt from the speech, to be delivered by Rena Lalgie, the Governor on behalf of the Government, said the Covid-19 pandemic had hig...

A newly formed business dedicated to insurance fronting, Concert Group Holdings, Inc, has completed its targeted capital raise and received a rating of “A-” (excellent) from AM Best. Concert has secured $100 million in capital to fund its growth as a...

Bermuda-based James River Group Holdings Ltd expects to post losses for the third quarter, the company has said in advance of next week’s quarterly earnings statement. The James River Group expects to report a net loss for the third quarter of 2021 ...

With the 26th UN Climate Change Conference of the Parties (COP26) in Glasgow starting next week, climate change is in the forefront, and a coherent strategy on sustainability is fast becoming a necessity, rather than a choice, for financial service p...

An insurance boss has complained that even though rates have hardened, they remain too low. Richard Brindle highlighted the rising catastrophe risks in an era of increasingly evolving climate-change exposures and said that there are inadequate rates ...

The re/insurer IQUW is in advanced talks to acquire UK-based Lloyd’s insurer Agora Holdings, the company has said. If the sale is completed, Agora’s property insurance and reinsurance businesses will form part of IQUW’s portfolio and the Agora team ...

Bermuda-headquartered Lancashire Holdings Limited’s third-quarter earnings release in early November will include losses for exposures to recent natural catastrophe events, including Hurricane Ida and the European storms Bernd, Volker and Xero. Lanca...