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the creation of Swiss Re New Markets as of July 1, dedicated to the fast-growing alternative risk transfer (ART) marketplace, which includes Swiss Re's operations in Bermuda. Swiss Re New Markets is to operate out of the new building, Mintflower Plac...

The Court of Appeal has ruled it has no jurisdiction to entertain an appeal by reinsurer Kemper Re in the latest legal battle involving the controversy surrounding the move from Massachusetts to Bermuda by Electric Mutual Liability Insurance Co.. Kem...

consecutive month in April, Government reported yesterday. Coming off a substantial comparative March rise of 24.5 percent, residents declared some $2,312,000 worth of goods in April, a six percent increase over April in the year before. For the 12 m...

Bubbling optimism for the future of the retail sector is typified by the opening of Highlander, a cashmere and tartan outlet recently-opened by Dicky King in the Butterfield Place mall on Front Street. Having first seen the retail business up close d...

No definitive arrangements have yet been made for the restructuring of Bermuda operations of merged insurance brokers, Johnson & Higgins and Marsh & McLennan. Now consolidated under the umbrella J&H Marsh McLennan Inc., the largest broker in the worl...

catastrophe carrier, GCR Holdings Ltd., after the midnight Wednesday expiration of its tender offer arrived with owners of more than 23 million shares accepting the cash offer. EXEL said yesterday that through its wholly-owned subsidiary, EXEL Acquis...

relented and published a report that expresses criticism of the Massachusetts Division of Insurance (DOI) for allowing controversial Electric Mutual Liability Insurance Co. (EMLICO) to redomesticate, or move its domicile, from Massachusetts to Bermud...

competitive insurance market has led to increasing concern that brokers are wielding too much power in the industry. Concern has been expressed from both insurers and buyers about the issue, especially since the announced consolidations in the broker...

delivered a second quarter net income increase of 23 percent, to $62.9 million or $1.65 per share. It pushed its half year net income figures up to $114.9 million ($3.09 per share), from the $108.8 million ($2.95 per share) recorded for the six month...

Bermuda-based Mutual Risk Management has been lured by the growing market for offshore variable annuity and variable life insurance products, and has planned a series of initiatives to expand its financial services business. They include the formatio...