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Reinsurers are far less cavalier and more investor-friendly than they used to be a couple of decades ago. That is the view of PartnerRe chief executive officer Costas Miranthis, expressed on a CEOs’ panel at at the PwC/S&P Bermuda Reinsurance 2014 co...

Bermuda insurer Argus is being sued for $15 million in damages by an American client who claims he lost millions allegedly invested in Bernard Madoff’s Ponzi scheme. Antonio Calabrese, 61, says he lost $9 million and is suing Argus Group Holdings Ltd...

Some reinsurance bosses believe the industry needs a major catastrophe to thin out a crowded marketplace and to reverse the ongoing trend of falling reinsurance prices. That is something that industry analyst Taoufik Gharib, of Standard & Poor’s Rati...

Alternative capital is likely to survive alongside traditional reinsurance companies as the industry finds an effective balance between the two. That is the view of Lixin Zeng, the chief executive officer of Validus Re’s alternative capital managemen...

For underwriters of event-driven risks, the odd rough quarter is an occupational hazard. But, as Bermuda-based Validus Holdings Ltd believes, underwriting a more volatile mix of business than many peers should lead to industry-beating returns. That h...

Bermuda-based beverages giant Bacardi is looking forward to returning some operations to Cuba once the US embargo of the country is lifted. Bacardi was expelled from the Caribbean island in 1959, after the revolution which brought Fidel Castro to pow...

The lion’s share of the insurance claims made in Bermuda in relation to Hurricane Gonzalo will not be shouldered by local insurers — but instead by the companies that reinsure them. That is the view of rating agency AM Best, which said today it “does...

The parent company of dock services firm Stevedoring Services Ltd today reported an annual loss of $1.8 million for the year ended March 31, 2014. Polaris Holding Company Ltd said in a statement that much of the loss was down to a $1 million write-do...