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A shift away from underwriting and investing involving dirty energy has been announced by Axis Capital Holdings Limited. It follows a report that the company had dropped out of bidding to provide insurance coverage for the Carmichael coalmine, a majo...

Axis Capital has dropped out of bidding to provide insurance coverage connected to a major coalmine project in Australia, according to a source. The Bermudian-based company is said to have withdrawn its quote for insurance of a railway at the Carmich...

Blockchain technology is being used in a pioneering way in the pension risk transfer space by Bermudian-based Legal & General Re. The reinsurance company, which has offices on Par-la-Ville Road, launched “estua-re” in the summer. It said it is the fi...

Two months after his arrival in Bermuda, insurance industry veteran Richard Tomkins has already experienced the best and worst of the island. A hole-in-one on the 165-yard seventh hole at Mid Ocean Club, combined with the wrath of Hurricane Humberto ...

Axa XL has been named Bermuda Insurer of the Year by insurance industry publication Reactions magazine. This is the second time in three years that Axa XL’s Bermuda insurance team has received the award. The award was announced at Reactions’ North Am...

Chief executive officers of Caribbean region insurance companies are more confident in their own organisation’s revenue prospects than in economic growth in the region, and are focusing on digital transformation to drive growth, according to a survey...

If you’re going to face boxing legend Mike Tyson, you only want to be in the ring for one round rather than ten. That was the analogical advice of Nasa’s Timothy Hall, who spoke to insurance and reinsurance executives about a trend for hurricanes and...

Sweeping changes to Bermuda’s pensions regime, including the right to cash in a chunk of a job pension on retirement, are being watched closely by the insurance industry. The amendments, if voted into law, could have “significant repercussions for in...

A new scholarship programme partnership between Athene Holding Ltd, Athene Life Re and Bermuda College is the largest of its kind at the Paget institution. The Athene Scholarship will be awarded to 1ten students each academic year and will pay for t...

Member companies of the Association of Bermuda Insurers and Reinsurers saw their headcount rise in Bermuda last year in a workforce that was nearly three-quarters local. Abir said in a statement tonight that 24 members made a direct economic substanc...

Artex Risk Solutions yesterday announced that it has reached agreement to acquire Horseshoe Insurance Services Holdings Ltd. The transaction, which significantly strengthens Artex’s insurance-linked securities operations, is subject to regulatory app...

Willis Towers Watson has teamed up with governments and international organisations to launch the Coalition for Climate Resilient Investment. The insurance broker and risk advisory firm is leading the coalition, which aims to “transform infrastructur...