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Big-hearted staff at a reinsurance firm donated 88 decorative shoeboxes packed with school supplies, clothing and other accessories to Big Brothers Big Sisters of Bermuda. Marsh and Guy Carpenter announced the giveaway, worth $8,800, to the mentoring...

A group of reinsurance companies located in the Cayman Islands have formed a new industry group, the Cayman International Reinsurance Companies Association. According to its mission statement, Circa is “the industry group for commercial reinsurers lo...

Brian O’Hara sees no signs of an end to the hard insurance market that has inspired a slew of start-ups in Bermuda this year. The Bermuda re/insurance industry veteran said the drivers of the hard market were issues for which there was no quick fix a...

WR Berkley Corporation has formed Lifson Re Ltd., a special purpose insurer registered in Bermuda and licensed by the Bermuda Monetary Authority. Lifson Re has been capitalised with more than $250 million of equity from a small group of global invest...

Wilton Reinsurance Bermuda has donated $12,000 to support the Coalition for the Protection of Children and The Family Centre. Expressing gratitude for Wilton Re’s donation, Rachael Dill of the Coalition for the Protection of Children, said: “As you c...

Bermudian-based specialty insurance underwriters Argo Group International Holdings Ltd has agreed to sell its Italian operations, ArgoGlobal Assicurazioni S.p.A to Perfuturo Capital AG, a Swiss holding company. Argo said Perfuturo is fully owned by P...

A hit-and-run victim who lost everything after he was run over by a drunk driver has demanded changes to the law to protect victims in similar cases. Antonio DaCosta, 56, said he was in constant pain and unable to pay his bills or get further surge...

Bermudian-based Oil Casualty Insurance, Ltd has announced that its subsidiary, OCIL Specialty Ltd, formed this year, has been assigned a financial strength Rating of A- and a long-term issuer credit rating of “a-“ by AM Best. Further, OCIL Specialty...

Bermudian-based Sompo International Holdings Ltd has acquired aviation insurer W. Brown & Associates Insurance Services. W. Brown has been a managing general underwriter for Sompo International since 2016. In a statement, Sompo said the W. Brown oper...

International re/insurance industry leaders Aeolus Capital Management, Ariel Re and Fortitude Re will join the Association of Bermuda Insurers and Reinsurers for 2021, the industry body announced today. The chief executive officers of the three compa...

Lloyd’s of London is asking managing agents to no longer provide new insurance cover for coal-fired power plants, thermal coal mines, oil sands and new arctic energy exploration. It said is to start phasing out such coverage. In its first Environment...

Insurance executive Steve Horton knows first-hand the value that internship programmes at re/insurance companies can provide for both students and organisations. Mr Horton was 15 when he interned with London-based insurance carriers Lexington, part o...