News

Insurance

BMA licenses Mereo companies

The Brian Duperreault-backed start-up will have a re/insurance arm and an insurance-linked securities SPI.   17 January 2025

Insurance

Trump tax move does not affect CIT, says Bermuda govt

The US has effectively pulled out of the global corporate minimum tax deal, just weeks after Bermuda introduced the Corporation Income Tax.   24 January 2025

Insurance

Vantage taps Resilience for US distribution leader

The new leader will collaborate with underwriting teams to execute its distribution plan.   22 January 2025

Reinsurance

Reinsurers on the hook for just 3% of LA wildfire insurance losses

CoreLogic lifts insured loss estimate to $45bn but reinsurers get off lightly.   17 January 2025

Insurance

Arch Insurance bolsters London energy division with dual appointments

Appointees will manage offshore energy underwriting and assist in risk assessments.   22 January 2025

Insurance

Analysis: Bermuda voters driven by bread-and-butter issues as new tax takes effect

Corporate Income Tax – largely paid by the re/insurance industry – is unlikely to be central in next month’s election.   21 January 2025

Reinsurance

Reinsurer profits to stay strong in 2025: Fitch Ratings

Combined ratios to hover around 90% in 2025.   16 January 2025

Insurance

Pen inks £420m capacity with QBE, extending 25-year partnership

New multi-year deals cover public authority risks, hazardous goods and environmental industries.   22 January 2025

Insurance

QBE plucks expert with Allianz, Chubb, AIG pedigree for new Europe role

The company seeks to grow its professional indemnity footprint across Europe.   21 January 2025

Insurance

Insured losses reach $145bn in 2024: Aon

The broker said the protection gap was 60% as world suffered record temperatures.   22 January 2025

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