20+ hour, 22+ min ago  (312+ words) Bermuda's insurance sector added three new insurers in May, including Sompo Life Re Ltd and a new Prudential-affiliated Class E reinsurer, bringing the number of insurers registered this year to 27. Statistics released by the Bermuda Monetary Authority show that Sompo…...

3+ week, 2+ day ago  (419+ words) The US property and casualty industry " the major customer of Bermuda reinsurance sector " is likely to experience negative growth of -3. 7 per cent in the first half of this year, according to a new industry report. P&C Economics and Underwriting…...

1+ mon, 2+ week ago  (309+ words) Global commercial insurance rates declined for a seventh consecutive quarter in the first three months of 2026, as strong capital levels and rising competition continued to soften market conditions, according to Marsh Mc Lennan. The firm's Global Insurance Market Index found…...

2+ mon, 1+ day ago  (561+ words) Tightening ties with Bermuda, is a part of the Florida Insurance Commissioner's strategy to improve the insurance industry in his state. Mike Yaworsky said his office was maintaining "fantastic" conduits of communication with Bermuda, the Bermuda Monetary Authority and reinsurers…...

3+ mon, 2+ day ago  (276+ words) The Bermuda Risk Summit will feature sessions examining the rising threat of wildfire and conflagration risk as insurers and reinsurers grapple with mounting losses and changing exposure patterns. The Bermuda Business Development Agency said the discussions will take place on…...

3+ mon, 1+ week ago  (386+ words) Florida's state-backed insurer Citizens Property Insurance Corp is planning about $3 billion in reinsurance and catastrophe bond protection for the 2026 hurricane season as its exposure continues to shrink. The insurer said its private risk-transfer programme will total about $2. 98 billion, including $1. 53 billion…...

3+ mon, 1+ week ago  (377+ words) Financial regulators, central banks and governments across advanced economies are becoming more concerned about the widening insurance protection gap. A growing number of economic losses are going uninsured in the face of an intensification of climate-related disasters, shifting risk from…...

3+ mon, 2+ week ago  (362+ words) Conduit Re absorbed a $119. 1 million hit from the California wildfires last year " the largest loss in its history " yet the Bermudian-based reinsurer still delivered an 11. 1 per cent return on equity for 2025. Conduit Holdings, its parent company, reported gross premiums written…...

4+ mon, 3+ week ago  (586+ words) While some insurers are detaching themselves from wildfire cover, particularly in fire-prone regions such as southern California, one Bermuda-based insurer is moving closer. "There is opportunity, because the demand remains," said Isaac Espinoza, chief executive of Kettle Re. The Pitts…...

5+ mon, 1+ week ago  (344+ words) One in five insurance entities operating in Bermuda has yet to complete the classification of its data, a basic regulatory requirement under the Bermuda Monetary Authority's cyber-risk framework, according to a new report from the regulator. In its Bermuda Insurance…...