11+ hour, 17+ min 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+ week, 2+ day 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…...

1+ mon, 2+ 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…...

1+ mon, 3+ week ago  (454+ words) Bermuda insurance market companies took on more catastrophe risk in 2024 and chose to keep a larger share of that risk on their own balance sheets, according to a new report from the Bermuda Monetary Authority. "Data increasingly point to secondary…...

2+ mon, 2+ day ago  (522+ words) The world's insurance and reinsurance companies are duty bound to protect communities in times of troubling trends, according to a report from Swiss Re Institute. Swiss Re said 2025 marked the sixth year insured natural catastrophe losses exceeded $100 billion, and was…...

2+ mon, 2+ week ago  (291+ words) AM Best expects a material portion of the gross incurred loss from the deadly Hong Kong apartment fire to be transferred to reinsurers. This could halt downward pressure on Hong Kong property reinsurance rates amid a global reinsurance softening backdrop....

2+ mon, 2+ week ago  (429+ words) The extent of the California wildfires caught the global reinsurance community off-guard, a Bermuda reinsurer has observed. "It's a loss that the market probably got slightly wrong. I don't think any of us really forecast the 40 or more billion-dollar loss…...

4+ mon, 4+ day ago  (281+ words) Bermuda is set to introduce a new class of insurer dedicated to parametric coverage, a move the Bermuda Monetary Authority says will strengthen the island's leadership in climate risk. Taijaun Talbot, assistant director of supervision at the BMA, told delegates…...

5+ mon, 4+ day ago  (357+ words) The American property and casualty insurance industry reported a sharp rise in underwriting income in the first half of 2025, even as catastrophe losses mounted, according to a new report from AM Best. The industry booked $11.2 billion in net underwriting income…...

5+ mon, 3+ week ago  (242+ words) Bermuda's insurance market is on track to surpass last year's total registrations, according to the latest figures from the Bermuda Monetary Authority. By the end of July, the authority had approved 38 new insurer registrations, compared with a total of 63 insurers…...