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Fidelis has raised more than $1 billion of new capital this year ­— and all of it has already been put to work. The privately held Bermudian reinsurer and specialty insurer doubled its capacity to $2 billion this year, through the raising of $800 mil...

When it comes to building a diverse workforce, Richard Brindle believes that actions count for much more than words. The outspoken chairman and group chief executive officer of five-year-old Bermudian reinsurer Fidelis is the first to concede that th...

Kathleen Reardon is leaving her position as chief executive officer of Hamilton Re. Hamilton Insurance Group Ltd announced yesterday that David Brown, Hamilton Re’s chairman and the former CEO of Flagstone Re, has been appointed interim CEO of the gr...

William Wood has joined Artex as director, captive and commercial for its Bermudian operations. As part of the office’s senior management team, he is responsible for leading the Bermuda captive and commercial (re)insurance management operations. He...

Investment market volatility and catastrophe losses related to the Covid-19 pandemic impacted the second quarter income of Argo Group International Holdings Ltd. The Bermudian-based company reported a net loss of $6.4 million, or 18 cents per diluted...

A group of international experts has met to discuss future pandemic risk and public-private initiatives, among them was John Huff, president and chief executive officer of the Association of Bermuda Insurers and Reinsurers. The event was organised th...

Losses related to the Covid-19 pandemic have impacted the earnings of Bermudian-based Arch Capital Group Ltd. The company’s net income was $288.4 million, or 71 cents per share, for the quarter ending on June 30. That was down from $458.6 million a y...

Widespread remote working due to the Covid-19 pandemic has given cybercriminals increased options for infiltrating and disrupting the computer networks of businesses. Experts discussing cyberinsurance highlighted the worrying trend. Kara Owens, of Ma...

Disruption and changes caused by the Covid-19 pandemic has created an unpredictable near-term for some fledgeling insurtech businesses. There are questions about how much demand there will be for certain insurance technology ideas that had looked goo...

A strong second quarter performance by RenaissanceRe Holdings Ltd helped the reinsurer increase its net income to $575.8 million, or $12.63 per common share, compared to $367.9 million for the same period in 2019. It also raised more than $1 billion ...

Aspen Bermuda Ltd’s insurance financial strength rating has been downgraded to A3 from A2 by Moody’s. The same downgrade has been made to Aspen Insurance UK Ltd. The rating agency said the move reflected Aspen’s “diminished earnings power and difficu...

One of the reinsurance industry’s key gatherings has been cancelled for 2020 due to disruptions and restrictions caused by the Covid-19 pandemic. The Baden-Baden Reinsurance Meeting in Germany was to have been held from October 18 to 22. It normally ...