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Legacy (re)insurer acquirer, DARAG, today announced the conclusion of the second novation agreement with a leading Cayman reinsurer to provide finality for its US liability books. The transaction has been written into DARAG Bermuda Ltd. and is the s...

A popular East End restaurateur and tourism entrepreneur is cutting his staff of 36 by more than half next week as he anticipates depressing business in the first quarter of the year. While he is hoping to bring them back, The White Horse restaurant ...

The latest figures for retail sales continue a miserable trend with September’s retail sales down 3.8 per cent compared with last year, according to the Retail Sales Index (RSI) just released by the Cabinet Office. It was the third consecutive month ...

Aspen Insurance has increased its electronic footprint to simplify the business it does at Lloyd’s. The company said that to foster collaboration, save time and increase the ease of doing business, it has implemented the e-placing platform Whitespace...

Bermuda-registered Altamira Therapeutics Ltd has been setting up contracts with wholesalers in its lead market, Germany, covering more than 50 per cent of German pharmacies, as it begins its European rollout of Bentrio™, its nasal spray for protectio...

Bermuda’s reinsurers are facing European renewals and looking for real rate improvement in the year ahead after several years of increased catastrophe activity, significant losses and no opportunity to meet and exceed their cost of capital. And after...

How would you characterise the health of the captive insurance market in Bermuda? If you ask a panel of captive insurance experts for their views on the industry in Bermuda, you are likely to get different responses. But when they come together, a cl...

Convex Insurance has responded to Wednesday’s demonstration by the UK activist group, Market Forces, which is protesting the refusal by Convex to rule out providing insurance cover to a $16-billion Australian coalmine by Convex. Market Forces staged ...

DARAG Group, the legacy specialist, has entered into a stock purchase agreement and received the relevant regulatory approval for the purchase of a Texas-based insurer in run-off, it announced today. DARAG said it would look to use this insurer as it...

A major US insurer has successfully closed a $160 million 144A catastrophe bond completed through a newly established, Bermudian-based special purpose insurer. Farmers Insurance Exchange said that it and its subsidiaries and affiliates comprising the...