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Insurers could face as much as $10 billion in claims from the grounding of planes in Russia, many of of them registered in Bermuda

Outdated war exclusion policies in the insurance industry could result in billions in losses in the event of a major cyber attack. That was the opinion of industry experts in Bridging the Cyber Coverage Gap, a panel held during the third day of the B...

Staff at an insurance firm have donated hampers of groceries to a new centre set up to house families in need. Catalina Holding’s donation to the Transformational Living Centre was organised to mark last week’s International Women’s Day and the effor...

The life insurance industry in Bermuda is set for growth but it needs more boots on the ground. This was the word from industry leaders in a panel on Bermuda’s role in the growing life insurance sector, during the second day of the Bermuda Risk Summi...

Activist investor Capital Returns Management LLC has called on Argo Group International Holdings Ltd to hold its annual general meeting in May as it dismissed claims by the company that it had made significant progress since its strategic repositioni...

The overall performance of insurance-linked securities (ILS) funds has slipped despite another year of record cat bond issuance, according to a Best’s Special Report. AM Best said that the global ILS market also remained saddled with prior catastroph...

Maiden Holdings Ltd’s net profit for the year rose almost 50 per cent to $117.6 million in 2021 as its enjoyed favourable returns on its management of its assets. The Bermudian-based holding company reported fourth quarter net income available to Ma...

Mosaic Insurance is building a cybersecurity underwriting unit in Bermuda to align its global business strategy around the fast-growing risk. The Bermudian-based specialty insurer said it had transferred its cyber team underwriter George Cole from Lo...

Bermuda’s re/insurance industry rises to the occasion during uncertain times, says Axis chief executive officer Albert Benchimol

A delegation from Bermuda led by David Burt, the Premier, is to travel to the annual RIMS conference next month in San Francisco. The Bermuda Business Development Agency is central to activities of the government delegation and a large number of dele...

Employees of Fidelis Insurance Bermuda Limited are to learn more about Bermuda’s past through workshops on its history of enslavement, emancipation and segregation. Fidelis is working with the National Museum of Bermuda in launching the programme for...

A charity donation option through an insurance company has been extended, it was announced. CG Insurance launched “Renew. Save. Donate” in November, to give clients the chance to pass on automatic discounts from their home or motor insurance policy r...