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Four out of five reinsurance executives believe soft market conditions are presenting a significant challenge to the industry, according to a worldwide industry survey. Xuber’s Global Reinsurance Survey revealed that 81 per cent of executives polled ...

Bermuda-based municipal bond insurer Assured Guaranty posted net income of $201 million for the first quarter and topped Wall Street estimates. The company’s board also authorised a new $400 million share repurchase programme, as its adjusted book va...

Bermuda-based Validus Holdings Ltd is celebrating its tenth birthday this year in a markedly different reinsurance market from the one in which it was born. To mark a decade of strong growth, the company is holding a party for clients at Pier 6 on Fr...

PartnerRe Ltd’s board of directors has rejected the buyout bid from Italian investment company Exor and offered a sweetened deal for shareholders to complete its proposed merger with Bermuda rival Axis Capital Holdings Ltd. In a statement released ye...

RenaissanceRe’s profits rose more than 11 per cent in a first quarter notable for the completion of the reinsurer’s acquisition of Platinum Underwriters. RenRe recorded $167.8 million in net income, up from $151 million in the corresponding quarter o...

Bermuda-based insurer Ironshore has agreed to be acquired by Chinese investment firm Fosun International Ltd. In a statement released late yesterday, Ironshore said it had reached an agreement to sell to Fosun the four-fifths of the company that the ...

XL Group and Catlin Group have completed their merger — and today the integration of the two insurers begins in earnest. The Royal Gazette understands that 30 underwriting, actuarial and claims staff will this morning relocate from the Catlin office ...

A leading player in the insurance-linked securities (ILS) market will receive the Bermuda Insurance Institute’s Industry Leader of the year Award later this month. Kathleen Faries, the chief executive officer of Tokio Solution Management Ltd (Tokio S...

Bermuda Institute celebrated a one-two finish as the KPMG Senior School Investment Challenge marked its tenth year. The top team ‘Tradewins’ achieved a near 22 per cent return on their $100,000 virtual portfolio over the six-month investment period t...