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A new report from Fitch Ratings claims that Bermuda based (re)insurers have generated favourable financial performance over the long term, but results have deteriorated recently. 20 July 2017
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Bermuda-based Everest Re Group has announced that that Joe Martin has joined the Everest insurance credit and political risk team in NY, reporting to Jim Thomas, head of credit and political risk at Everest Insurance. 20 July 2017
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In the wake of the victory of the Progressive Labour Party in Bermuda’s recent General Election, Bermuda’s Business Development Agency (BDA) has issued a statement welcoming the new administration, which is led by new Premier David Burt. 20 July 2017
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The Progressive Labour Party (PLP) has returned to government in Bermuda, after it won a convincing victory in the Island’s General Election, displacing the incumbent One Bermuda Alliance (OBA) party. 19 July 2017
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Bermuda-based XL Catlin’s North America Construction business has reached what the company described as a significant milestone reaching $2 billion in gross written insurance premium in the seventh year of operation. 19 July 2017
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Losses from a major cyber-attack could soon rival the damage bill from a major hurricane, according to a new report, “Counting the cost: Cyber exposure decoded”, released by Lloyd’s of London and cyber risk analytics firm Cyence. 18 July 2017
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Bermuda-based insurer Argus Group Holdings has announced a profit of $12 million for the year ended March 31, 2017, a 64 percent increase on the $7.3 million profit it made the previous year. 18 July 2017
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A new study has done much to illustrate the value of Bermuda to the US insurance markets by proving that insurance premiums in parts of the US would be vastly higher if insurers were prevented from using international reinsurers. 17 July 2017
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Sirius Group is growing its environmental team with the addition of Robert Potter and Bob Albanese. The environmental division is led by Doug Stepenosky, who joined Sirius earlier in 2017. 17 July 2017
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The Bermuda Foundation For Insurance Studies (BFIS) has awarded another $345,000 in scholarship funding to 14 students focused on careers in Bermuda’s insurance sector. 17 July 2017
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