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Climate change will have widespread societal consequences, a leading reinsurance executive has said. Kevin O’Donnell, president and chief executive officer of Bermudian-based global re/insurer Renaissance Re, was speaking after the company held its 1...

The fundamental question that risk modellers ask has changed dramatically over the years, a speaker told attendees yesterday at Convergence 2022, presented by ILS Bermuda. Jay Guin, executive vice-president and chief research officer, extreme event s...

Last week this time Bermuda was bracing for the possible impact of Hurricane Fiona. Not just any old run-of-the-mill hurricane but a deadly Category 4 weather system. The intensity of a Category 4 system has shown itself to be destructive beyond beli...

Having been blamed for five deaths across the Caribbean, Hurricane Fiona brushed by Bermuda at 5am last Friday as a Category 3 storm, leaving some damage. Aware of our island’s blessing, all residents released a collective sigh of relief. We knew we ...

By the time today’s ten-year-olds are in their 50s, Bermuda will be experiencing rising sea levels, bigger and more frequent hurricanes and warmer waters if climate change trends continue. Climate Change and Bermuda Part 1: The Science and Physic...

Participants in the Youth Climate Summit initiative are halfway through this yearlong programme and have made impressive strides in their understanding of conservation, sustainability and climate justice. On May 21, they returned to the Bermuda Under...

A Bermudian-based insurer is to provide drought-affected households in Malawi with a climate insurance payout

The insurance industry has been warned of the social risks of blindly withdrawing insurance cover, and divesting, from so called “dirty industries”. The warning comes as increasing eco-activism centres media attention on a global insurance industry s...

Climate change has made a significant impact on the catastrophe modelling industry, a leader in the sector told a sold-out audience at the inaugural Bermuda Climate Summit. Industry veteran Karen Clark is the founder and CEO of cat modellers Karen Cl...

Bermuda can lead the world in tackling the challenges of climate risk, a leading insurance executive told a sold-out audience at the inaugural Bermuda Climate Summit yesterday. Speaking of climate risk on a macro level, Hamilton Insurance Group CEO P...

Just 14 per cent of Bermuda reinsurers and Insurance Linked Securities funds surveyed have a developed approach to ESG — environment, social and governance — risks, according to a new study. And the report commissioned by the Bermuda Business Develo...

Senior banker Stuart Kirk, suspended by employers HSBC for his comments about climate risk, has been pulled from the panel line-up at the inaugural Bermuda Climate Summit. Mr Kirk, global head of responsible investments and global head of research an...