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Hamilton Re has sponsored its first catastrophe bond to provide $60 million of collateralised reinsurance coverage. The issuance of the series 2019-1 principal at-risk variable rate notes issued by Cerulean Re SAC Ltd, acting in respect of the segreg...

NEW YORK – Lloyd’s of London Ltd is meeting with major US insurers about driving more business through its global insurance market, chief executive officer John Neal said yesterday. The 330-year-old insurance market, which launched its most recent mo...

Bermudian-based Essent Group has expanded its collateralised mortgage reinsurance protection with a $333.84 million insurance-linked securities issuance. The company’s subsidiary, Essent Guaranty, made the issuance through its Bermudian special purpo...

Insurance industry veteran Scott Cobon is the new managing director, Bermuda, for Bermudian-based insurance managers, Artex Risk Solutions. Mr Cobon moves into the position formerly occupied by Rob Eastham, who is taking on the new role of executive ...

Bermudian-based Argo Group International Holdings Ltd has adopted a new system that enables managing general agencies, wholesalers and independent brokers to submit, quote and bind risks seamlessly, without paper or error. Avyst’s bidirectional form...

The urgent need for business and technology modernisation poses the greatest threat to the global insurance industry, according to a survey of industry professionals. The Insurance Banana Skins report is published by the Centre for the Study of Finan...

A panel of captive owner representatives yesterday said Bermuda was meeting their needs as a domicile and saw opportunities for expansion of their captives’ businesses. Scott Reynolds, chief executive officer of Member Insurance Ltd, said his captive...

Jeremy Cox received a standing ovation at the Bermuda Captive Conference as he received the Fred Reiss Lifetime Achievement Award. The executive chairman of the Bermuda Monetary Authority was visibly moved after he received the acclaim of hundreds of...

It is the less noticed side of Bermuda’s insurance and reinsurance sector, but it is growing and Bermuda graduates and college and university students are taking note. Eighteen of them have been selected for the Bermuda International Long Term Insure...

Bermuda’s captive insurance knowhow gives it an edge in an industry that has become increasingly competitive. That is the view of Brady Young, chief executive officer of Strategic Risk Solutions, who added that changes in US tax rules had helped to m...

Insurtech and fintech are reshaping how businesses interact and also bringing to an end many time and labour-intensive office processes. Within the insurance sector, one example is the reconciliation of funds received with transactions. In practical ...

Five members of PwC Bermuda’s captive team will participate in panel discussions at the fifteenth annual Bermuda Captive Conference. The conference begins today and runs through Wednesday at the Fairmont Southampton hotel. Organisers bill the confere...