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Endurance Specialty Holdings is making a hostile bid to acquire Aspen Insurance Holdings for $3.2 billion after its initial approaches for talks with fellow Bermuda-based re/insurer were rejected. Endurance announced today that it had made the offer,...

An internet security flaw has exposed millions of passwords, credit card numbers and other sensitive information to potential theft by computer hackers. The bug, known as Heartbleed, which has opened a hole in the protection provided by widely used e...

Reinsurers had a “miraculous” year of strong profitability in 2013 — despite a slew of challenges which ratings agency AM Best expects to weigh on the industry’s future prospects. In its special report on the global reinsurance sector, entitled “Coul...

Premier Craig Cannonier will lead a strong Bermuda contingent travelling to Denver next month for the Risk & Insurance Managers Society’s annual conference. Two of his Cabinet colleagues — Education and Economic Development Minister Grant Gibbons and...

Bacardi chief executive officer Ed Shirley is to leave the company after two years in the top job, the Bermuda-based beverage giant announced last night. “Mr Shirley expressed his plans to return to retirement after a successful 36-year career,” Baca...

Hiscox Re has beefed up its senior management with two appointments announced today. Reeva Bakhshi has been named chief financial officer and Paresh Thakrar as chief operating officer. Hiscox brought together its global reinsurance operations under t...

A British resident of Bermuda and long-time customer of HSBC Bermuda was told by a bank employee that if she could not produce evidence of her ties to the Island, her account could be frozen. The 39-year-old woman, who had gone into the bank to close...

Mutual insurer OIL is to pay a total $300 million dividend to its energy industry members after it booked a full-year profit of $631.9 million. The Bermuda-based company told shareholders at its annual meeting last week that it wrote and earned $550....