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The Bermuda reinsurance industry has been criticised by a Florida state legislator who describes as “simply insane” plans for the state-run catastrophe fund to buy up to $1.5 billion in private reinsurance. Representative Frank Artiles, a Miami Repub...

Bermuda registered 1,200 new companies last year — the most in five years. Education and Economic Development Minister Grant Gibbons said it was “one more sign that Bermuda is moving in the right direction after years of decline”. In a statement rele...

Bermuda-based Endurance Specialty Holdings Ltd annual earnings more than doubled to $279.2 million as the company benefited from lower catastrophe claims. The company, which has undergone a major management shake-up since John Charman took over as CE...

XL Group’s annual earnings topped $1 billion for 2013, up more than 60 percent from the previous year. The global business insurer’s CEO Mike McGavick described it as “another year of solid progress”. Net income for the year was $1.1 billion, or $3.6...

Bermuda reinsurer RenaissanceRe Holdings Ltd’s full-year profit rose 17.6 percent, as fewer catastrophes reduced claims. The catastrophe reinsurance specialist, which set up in Bermuda 21 years ago, last night reported net income of $665.7 million fo...

A private insurer has started selling flood insurance policies in Florida, signalling new opportunities ahead for Bermuda catastrophe reinsurers. Homeowners Choice Property & Casualty Insurance Company became the first admitted carrier in Florida to ...

Marsh and McLennan chief executive officer Dan Glaser says the insurance market is generally softening and he expects price competition to heat up during this year. Speaking with AMBestTV’s Meg Green at the Insurance Information Institute’s Property/...

American International Group CEO Robert Benmosche has been named Insurance Leader of the Year by St John’s University’s School of Risk Management (SRM). Mr Benmosche will be honoured at a dinner on Wednesday at 6pm at the Marriott Marquis in New York...