A new captive management company has been born out of the reorganisation of General Motors' Bermuda-based captive insurance company.
General International Ltd. (GIL) will no longer be managed by its o...
Bermuda-based re/insurer Flagstone Reinsurance Holdings has invested $12 million into the LeapFrog "micro-insurance" fund which aims to provide insurance to some of the world's poorest people.
LeapFro...
Bermuda institutions and individuals filed reports of suspicious activity — which indicates a suspicion of money laundering or terrorism financing — at a rate of almost two per day last year.
Attorney...
Bermuda-based corporations are among those targeted by legislation approved by the US House of Representatives this week.
The legislation was part of a jobs bill that went before the House on Wednesda...
US lawmaker Richard Neal yesterday held a meeting of Congressional colleagues and US insurance executives to muster support for a US tax measure that could hit the bottom lines of Bermuda re/insurers....
What started out as a project to raise awareness of Bermuda re/insurer Catlin Group as a global brand has ended up being a ground-breaking — or more literally ice-breaking — scientific project.
For Ca...
The Bermuda insurance market could have to fork out as much as $1.7 billion in claims related to catastrophes that struck in the first quarter.
Last month's earthquake in Chile and a violent European ...
Flagstone Reinsurance Holdings Ltd. plans to move its holding company from Bermuda to Luxembourg, as it seeks to establish its identity as a European company.
The move will have no impact on its under...
The increasing cost of employing people in Bermuda will add to the pressure on the Island's global re/insurers to locate more jobs in cheaper jurisdictions.
That is the view of Stephen Catlin, co-foun...
Merger talks between numerous Bermuda insurers took place last year, but few deals came off because market valuations were so low.
That was one of the revelations in a report by accountancy firm Price...
