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Bermuda reinsurers are keeping a close eye on ballooning property insurance rates in Florida, downgrades to the state’s property insurers precipitated in part by insurance fraud and expensive litigation, all in the path of another above average hurri...

Stephen Weinstein, chairman of the Bermuda Business Development Agency, is to moderate a session on insurance and capital risk at the Island Finance Forum, which kicks off today (Monday). Mr Weinstein will chair “Risky Business: Exploring Insurance a...

Cactus Ltd co-founders James Robinson and Mark Higgins have already found some success with their deal pricing and data capture system, Marmalade. Now, they are seeking to raise capital so that they can spread it around. Cactus’ flagship product was ...

Genesis Legacy Solutions, a unit of Bermuda’s Maiden Holdings, Ltd. announced an agreement to provide a medical expense reimbursement cover to the Washington, DC cell of the Michigan based Mary Free Bed Rehabilitation Hospital. MFB has a facility net...

A new Bermuda company is the world’s first fully regulated collateralised reinsurance business that can accept both fiat and crypto as collateral. Bermuda-licensed Relm, the first and only commercial insurer globally to hold Bermuda’s IIGB License – ...

AM Best said that credit ratings of Fortitude Reinsurance Company Ltd. and its affiliate, Fortitude International Reinsurance Ltd., remain unchanged following their March 31 announcements. Fortitude has made it known that it has entered into an agree...

The Bermuda Reinsurance market won a measure of gratitude from one of the architects of a matrix for the financing of terrorism risks. It came from outgoing CEO of Pool Re Julian Enoizi, a key figure in the expansion of British mutual reinsurer, Pool...

An organisation set up to promote racial equality in the world of big business has held its first live networking event. More than 150 Black professionals attended the Association for Corporate Racial Equity event at Barr’s Bay Park on Pitt’s Bay Roa...

So what can we learn from Bermuda’s 2018 tax reform debacle? Three perennial problems for the island are underscored by these unfortunate events. The first is Bermuda’s lack of competent policymakers — in the One Bermuda Alliance as well as the Progr...

There was no shortage of views on the war during the Bermuda Risk Summit. Some delegates considered that a short period of hostilities would limit its effect on the insurance industry but the longer the war lasts, the more issues it will impact. Glob...

The risk industry was urged to lay claim to the discussion on ESG – environmental, social and governance issues. Joseph Petrelli, the president of the financial analysis and consulting firm, Demotech, told a panel of the world’s leading rating agenci...

For the second consecutive day, Bermuda market executives – this time from global reinsurers – discussed various facets of on-island industry life that highlighted how Bermuda reinsurers comprised such a large part of the global catastrophe reinsuran...