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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...

Insurers have a unique role to play in helping the world to adapt to climate change, according to Mark Carney, Governor of the Bank of England. Britain’s top financial regulator said the industry’s expertise and capital would be essential in “smoothi...

The rapid growth of the cannabis industry has implications for the re/insurance industry, says the moderator of a panel at next Thursday’s annual conference of the Bermuda Insurance Institute. Mark Simons is senior vice-president, FINPRO, at brokers ...

The island’s insurance companies have begun to pay out after receiving hundreds of claims for damage caused by Hurricane Humberto. The Category 3 storm hammered Bermuda last Wednesday evening and into Thursday morning, causing widespread power outage...

Bermudian-based Nephila Capital, the world’s largest manager of insurance-linked securities, has selected finance automation software provider Phinsys to provide the accounting and finance platform to support the launch of its Lloyd’s managing agency...

Maurice “Hank” Greenberg is to receive a “lifetime leadership” award from St John’s University’s School of Risk Management, part of The Peter J. Tobin College of Business. Mr Greenberg is chairman and chief executive officer of CV Starr, Starr Insura...

Bermuda insurance industry veteran Fiona Luck is expected to be confirmed today as chairwoman of an independent advisory group set up by Lloyd’s of London to ensure that sweeping reforms to its culture are carried out. The Sunday Times reports that M...

Market-leading Bermuda remains the natural location for the growth and development of the insurance-linked securities asset class, the chief executive of the Bermuda Stock Exchange says. Greg Wojciechowski was speaking at Monte Carlo Reinsurance Rend...

Blue Marble Microinsurance has been awarded a long-term agreement from The United Nations World Food Programme, to become a provider of weather index insurance solutions for the organisation across the African continent. Blue Marble is a start-up wi...

Reinsurance rates are inadequate, according to a panel of Bermudian-based executives attending the Monte Carlo Reinsurance Rendez-Vous de Septembre event. They shared views at the annual Bermuda: Re and ILS Monte Carlo Roundtable, held in association...