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Third Point Reinsurance Ltd is winding down its catastrophe reinsurance fund and diverting resources to Hiscox’s Kiskadee insurance-linked securities (ILS) platform, in changes announced to the relationship between the two Bermuda firms. Third Point ...

Beverage giant Bacardi has given a cautious welcome to the normalisation of diplomatic relations between the US and Cuba — but played a straight bat to the question of whether it would consider moving its headquarters from Bermuda to the Caribbean is...

Global reinsurer Swiss Re has estimated that the insurance industry was hit by $34 billion in catastrophe losses in 2014 — a lower-than-normal tally in recent years — and $11 billion less than in 2013. The Zurich-based company said its preliminary es...

The US Government programme that backstops insurance losses from terrorism acts is set to expire at the end of this year — sending shock waves through the insurance industry which overwhelmingly expected the US Congress to extend it. The attempt to r...

XL Group is in talks aimed at buying Catlin in a potential $4 billion deal that would create a massive combined insurer and reinsurer. Catlin is based in Bermuda and XL, which started operations on the Island in the 1980s, has a substantial presence ...

A new reinsurance company has launched in Bermuda with the aim of expanding the reach of insurance-linked securities (ILS). Sequant Re Holdings Ltd announced today that its new Class 3 Bermuda reinsurer had completed its financing. The company said S...

Executives of Bermuda-based Armour Group Holdings Ltd are hoping their investors can benefit from the acquisition of Mexico’s largest title insurer. The acquired company, Fidelity National Title de Mexico, SA de CV, has been renamed Armour Secure Ins...

The KPMG Investment Challenge is under way — and CedarBridge Academy team Checkerboards are making the early running. Checkerboards’ virtual stock portfolio achieved the strongest growth of all 20 teams, putting them at the top of the rankings on the...

Cloud services firm Ignition has made investments in its Bermuda platform amid rising demand for its services. The company said yesterday that it would also be moving one Level 3 engineer from its Canadian operations in Halifax to Bermuda to help kee...

An investment firm hit by falls in the share prices of major Bermuda companies believes it is poised to benefit from any America’s Cup-assisted upturn in the Island’s economy. Bermuda First Investment Company Ltd (BFIC) today reported revenue of abou...