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A year after Ascendant Group’s shareholders approved the company’s takeover by Canadian firm Algonquin Power and Utilities Corp, the proposed transaction is still being assessed by the electricity sector regulator. Only after the Regulatory Authority...

Bermuda is preparing to sell at least $500 million in new notes next week, the Latin Finance website reported. The manoeuvre is aimed at refinancing government debt in an effort to lock in a favourable interest rate, while also meeting additional bor...

Third Point Reinsurance Ltd reported third-quarter earnings of $54.7 million, as its investment returns comfortably outstripped underwriting losses. The Bermudian reinsurer also announced that John Berger will step down as chairman on December 22, t...

Hiscox has lowered its estimates of losses from third-quarter hurricanes and said it was seeing signs of markedly improved rates. The Bermudian-based insurer and reinsurer said this morning in its interim statement for the first nine months of the ye...

Insurance investment firm Cedent Ltd has teamed up with Nephila Capital to create a new Bermudian-based firm to advise corporations and countries on managing climate risk. Resilience Economics Ltd will be backed by $500 million from Nephila, which is...

Bermudian-based Markel CatCo Investment Management Ltd has raised more than $1.8 billion for its private fund from existing and new investors — and next month it intends to raise more new capital. The island-based company with a focus on collateralis...

Blue Capital Reinsurance Holdings Ltd said its book value fell 28 per cent during the third quarter. The plunge was driven by a $51.9 million net loss for the collateralised reinsurer, driven by hefty catastrophe losses. The reinsurer is managed by ...

A conference focused on offshore financial centres is planning an extra session on the hacking of law firm Appleby and its consequences. Meanwhile fallout from the breach surfaced in the Isle of Man, a UK Crown dependency, where journalists have been...

Aspen Insurance Holdings Ltd intends to slash a total of $160 million off its expenses over the next three years through an efficiency overhaul. The Bermudian-based insurer and reinsurer described the effort as “a comprehensive programme to drive gr...

Validus Holdings Ltd posted a third-quarter net loss of more than a quarter of a billion dollars, driven by heavy catastrophe losses. However, chairman and chief executive officer Ed Noonan said the hit could have been worse, but for the high quality...