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Insurers are likely to take a hit of between $1.5 billion and $2 billion from claims related to severe weather in the United States last month. The estimate comes from Aon’s Impact Forecasting, which tracked damage caused by several outbreaks of torn...

Bermuda’s healthcare insurance market will hold a free-to-join industry webinar this week to discuss reinsurance, claim trends and the underwriting cycle in the medical professional liability market. The virtual panel discussion on Wednesday at 12pm...

Five Bermuda students and residents returned to Bermuda from Canada in a private plane a few hours before the island began its shelter in place restrictions. They did so thanks to a collaboration between two of the island’s major international busin...

A body representing Bermuda’s leading international re/insurers has held its first virtual board meeting last month and has signalled that the market remains open for global business during the coronavirus crisis. Members of the Association of Bermu...

Axis Insurance, a division of Bermudian-based Axis Capital Holdings Ltd, announced that Michael Carr has been named the head of US excess and surplus property. In this role, Mr Carr will be responsible for developing and executing Axis Insurance’s E...

Bermudian-based Arch Capital Group Ltd is getting rid of single-use plastic bottles from it offices around the world as it steps up its environmental stewardship. The goal is one of many featured in the re/insurer’s first sustainability report. Intro...

Operating performances within the Aspen group of companies have been below the expectations of AM Best “due to the impact of catastrophe losses and weaker-than-expected results for certain lines of business, and demonstrated by a five-year weighted a...

Sompo International Holdings Ltd has appointed Michael Carroll senior vice-president and deputy head of life sciences for Sompo Global Risk Solutions. The Bermudian-based specialty provider of property and casualty insurance and reinsurance said that...

An insurer specialising in emerging business categories has been granted a license by the Bermuda Monetary Authority, the Premier has announced. Relm Insurance Ltd, led by chief executive officer Joe Ziolkowski and operations vice-president Keyla Rom...

The Bermuda Captive Conference has been rescheduled to a later date due to the global impact of the Covid-19 pandemic. Originally slated to be held in June, the annual conference will now be held from September 9 to 11 at the Fairmont Southampton, or...

Life reinsurance and insurance holding company Monument Re Ltd has announced the signing of an agreement to acquire GreyCastle Holdings Ltd and its subsidiaries, including GreyCastle Life Reinsurance (SAC) Ltd and GreyCastle Services. GreyCastle is d...

One of Bermuda’s leading insurance industry bodies has praised the “decisive and compassionate actions” of the Government under the leadership of David Burt, during the Covid-19 pandemic. It has also donated from its contingency fund to the Bermuda H...