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The 2023 estimate of traditional dedicated reinsurance capital is $461 billion, a 12 per cent increase from the initial year-end 2022 level

Swiss Re has forecast a further expansion of cat bonds in 2024

Report says Bermuda market companies remain well capitalised to absorb any unlikely and potentially significant losses

Climate change, cybercrime and the pace of technological change are the top three risks identified by reinsurers

Half-a-dozen Bermuda companies are listed among the top 20 global reinsurers

Insurers leave a trillion dollars in business on the table that could be worth tens of billions in new profit

Captive insurers are beginning to play a vital role in closing the climate risk-related protection gap, a new report by the Bermuda Monetary Authority suggests. The BMA Captive Report 2021 is based on an aggregation of the electronic reporting data s...

Dedicated reinsurance capacity is expected to drop for 2022 after a changing environment that has reversed the factors that had made it grow, a new report from AM Best has warned. Last year, capacity increased to $568 billion, driven by an increase o...

Bermuda’s re/insurance industry has been singled out for how it managed the disruption of the Covid-19 pandemic. Praise came from Craig Redcliffe, EY partner and regional insurance leader, region of Bermuda, Bahamas, British Virgin Islands and Cayman...

Action to cut long delays faced by people who apply for compensation for criminal injuries has been called for the Ombudsman. Victoria Pearman said in a report that the Criminal Injuries Compensation Board system was inefficient, inadequate and hard ...

A report on the status of Bermuda’s criminal injuries compensation system is set to be put before the House of Assembly at its next session. It comes after reports that the was “severely backlogged”, resulting in victims of violent crime waiting year...

A division of global reinsurer Swiss Re, has projected a jump in the world’s property & casualty insurance premiums over the next two decades. In a report entitled “More risk: the changing nature of p&c insurance opportunities to 2040”, Swiss Re Inst...