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British-based insurtech firm Nayms Ecosystems is opening an office in Bermuda. The company believes its smart insurance contracts can be applied to facilitate the underwriting of digital asset risk and to provide a liquid market for insurance-linked ...

Insurers and reinsurers are being urged to end all support for new oil and gas projects to help ensure that international climate targets are met. Bermuda’s major role in the reinsurance sector, together with the island’s vulnerability to stronger hu...

All visitors will need “appropriate health insurance” before they can enter Bermuda after the airport reopens — but that may be difficult to find during the pandemic. Many insurers are excluding coverage for claims related to Covid-19, as it is class...

Climate risk will be the focus of a webinar to be held on June 22, hosted by the Association of Bermuda Insurers and Reinsurers. The event has been staged to mark International Climate Change Day, and will feature Bermuda re/insurance market leaders ...

Bermuda is being viewed as a prime candidate to provide a home for a new wave of insurers and reinsurers, should one emerge in the wake of the Covid-19 pandemic. Some industry leaders believe a Class of 2020 is likely to be created to meet market dem...

A company that provides insurance cover for the theft or loss of cryptoassets has been licensed to operate in Bermuda. Evertas is using Artex Risk Solutions (Bermuda) as its insurance manager and representative in Bermuda. It is focused on covering i...

The chief executive office of Bermudian-based PartnerRe, Emmanuel Clarke, has taken over at the helm of the Global Reinsurance Forum. He succeeded Kevin O’Donnell, CEO of Bermudian-based RenaissanceRe, who completed a two-year term as chairman of GRF...

Argo Group International Holdings failed to disclose more than $5.3 million worth of perks and benefits paid to its former chief executive officer over a five-year period, according to the Securities and Exchange Commission. The US financial regulato...

A new special purpose insurer has been launched in Bermuda by Hudson Structured Capital Management. Bumblebee Re is headquartered in Hamilton, and is designed to bring collateralised reinsurance cell-formation business in-house for HSCM Bermuda Manag...

Bermudian-based reinsurer Maiden Re has provided further support to insurtech and artificial intelligence start-up Betterview, which has raised an additional $7.5 million of investment. Betterview, a US company, has now secured investment capital tot...

A $2.2 billion deal to secure a majority interest in Bermudian-based multi-line reinsurance company Fortitude Re has been completed. Institutional investors The Carlyle Group and T&D Holdings have completed the acquisition of a 76.6 per cent interest...

Challenges arising from a major hurricane will be compounded by the Covid-19 pandemic, analysts have warned. Fitch Ratings, in its annual hurricane season report, said the added complications would be a headache for insurers already seeing an impact ...