News

Bermuda-based Catlin Group Limited will establish a reinsurance company in Switzerland to expand its European-based reinsurance business, the company announced.

There are signs of tort inflation in 2010 and 40 percent of companies anticipate it, said the Insurance Information Institute (I.I.I.) in a recently released report.

Because of the country's position as the leading captive domicile and one of the world's largest insurance markets, Aon said it has launched Global Risk Consulting Bermuda here, as part of Aon Insurance Managers (Bermuda) Ltd.

Tropical Storm Alex was strengthening in the Gulf of Mexico on Tuesday and has caused the evacuation of a number of oil production facilities.

MedMal Direct bypasses the agency system and goes direct to the consumer

There are signs of tort inflation in 2010 and 40 percent of companies anticipate it, said the Insurance Information Institute (I.I.I.) in a recently released report.