Log In

Everest Re Group Ltd has estimated that losses due to the Covid-19 pandemic will be about $76 million in the fourth quarter, that is the pre-tax net amount primarily relating to third-party lines The group has also announced its preliminary financial...

An increase in frequency of hurricanes, coupled with additional storm surge flooding due to sea levels rising, would result in financial losses in the United States being 20 per cent greater by 2050 than they are today. That is the finding of report ...

Arch Capital Group Ltd has estimated pretax catastrophe losses of $155 million to $165 million for the fourth quarter across its property casualty insurance and reinsurance segments. It said its results have been negatively impacted by a set of catas...

AkinovA (Bermuda) Ltd, an electronic marketplace for the transfer and trading of insurance risk, has been granted the first “insurance marketplace provider” licence by the Bermuda Monetary Authority. The company becomes the first to graduate from th...

Credit rating agency Fitch said Bermudian re/insurers it monitors have raised $7.7 billion in capital over the past year, as companies look to capitalise on the hard market. Fitch added that there had been some disappointment among carriers at the ex...

A promising insurance technology start-up could be heading to the island as a result of a partnership between the Bermuda Business Development Agency and a New York-based insurtech hub. The BDA has agreed to reward the winning team in the InsurTech E...

Some 130 attendees were at the launch of the Special Topics in Insurance: Foundations of Bermuda’s International Re/Insurance Sector Lecture Series, which was jointly hosted by the Association of Bermuda Insurers and Reinsurers, Bermuda College, and ...

Bermudian-based re/insurance outfit Hamilton Insurance Group Ltd has appointed Clay Rhoades as president of Hamilton Managing General Agency Americas LLC. In this newly formed role, Mr Rhoades will report to Hamilton chief executive officer Pina Albo...

The Covid-19 pandemic is estimated to account for $125 million of net claims, pre-tax, in the final three months of last year for Axis Capital Holdings Limited. The Bermudian-based re/insurer has announced a preliminary fourth quarter net claims esti...

Ascot has appointment Joy LaHuta as senior vice-president and head of claims, Bermuda. She will collaborate closely with Ascot’s Bermuda leadership team and underwriting leaders to deliver specialised claims expertise in support of Ascot’s Bermuda pl...

Ten insurers and intermediaries had their registration confirmed by the Bermuda Monetary Authority last month. Cedar Hamilton Limited was registered as a Class 3 insurer, and Stellar Risk Solutions (Bermuda) Ltd as a Class 1 insurer. The special purp...

Insurers must pay out hundreds of millions of dollars in disputed business interruption insurance claims after Britain’s Supreme Court ruled in favour of claimants today. Bermudian-based Hiscox said its estimated 2020 Covid-19 loss estimate had climb...