Log In

Estimated total global economic losses are elevated in 2023 to $290 billion in the first three quarters alone

After a record-breaking first six months for the cat bond market, observations at present suggest a busy year-end in reinsurance

For the first time, cat and insurance-linked securities issuance has exceeded $7 billion in a single quarter

A leading catastrophe modeller says Hurricane Ian’s total costs will exceed $100 billion and be the most expensive hurricane Florida has ever seen. And the Karen Clark & Company flash estimate has now put the privately insured losses from the hurrica...

Bermuda reinsurers are keeping a close eye on ballooning property insurance rates in Florida, downgrades to the state’s property insurers precipitated in part by insurance fraud and expensive litigation, all in the path of another above average hurri...

The US Federal Emergency Management Agency (Fema) has now secured the $450 million upper-target for its new FloodSmart Re Ltd. (Series 2022-1) catastrophe bond, Artemis has reported. FloodSmart Re Ltd is Fema’s Bermuda-domiciled special-purpose insur...

SiriusPoint Ltd, the Bermuda-headquartered global specialty re/insurer, has reported a net loss of $48 million for the third quarter of 2021. The company reported a combined ratio of 152 per cent and a net underwriting loss of $266 million. SiriusPoi...

A family cat feared dumped in a national park is home safe after being missing for more than 200 days. The Martins family from Paget launched a major search after Teddy, their ginger and white male cat, went missing in April. It was believed he had b...

A kitten found injured and abandoned near a private school has been saved by pupils and staff. Now Flora, a tortoiseshell kitten found on the Warwick Academy grounds, has become an honorary pupil after she was adopted by a member of staff. Wendy Made...

RenaissanceRe Holdings Ltd has estimated that losses from certain catastrophe events earlier this year will have a net negative impact of approximately $725 million on the company’s third-quarter 2021 results of operations. This estimate is primarily...

Bermuda is home base for 14 of the world’s top 50 reinsurers, a new list published yesterday by global rating agency AM Best reveals. The list which reflects the latest available 2020 compilation, confirms the continued concentration of reinsurance e...

A cat-astrophe was avoided yesterday after a pet cat got stuck at the top of a utility pole. A full-scale rescue operation that involved the SPCA and a cherry-picker from power firm Belco was launched after a sharp-eyed schoolgirl spotted the strande...