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The boom in the catastrophe bond market is leading some experts to voice fears that investors do not fully understand the risks they are taking on — and so they could flee in a panic in the event of a major catastrophe that triggers losses. Jay Patel...

Energy and optimism are high after Ace Ltd’s $29.5 billion takeover of US insurance giant Chubb Ltd. That is the view of chairman and chief executive officer Evan Greenberg, who last night said the company had capped its last quarter trading as Ace L...

XL Catlin is aiming to tap into the booming Indian economy. The global insurer and reinsurer has started the licensing process to establish a reinsurance branch in India. The application has been filed with the Insurance Regulatory Development Author...

Company directors would be better positioned to make decisions in a fast-changing world if they consult with an “under-25 mentor”. That is the view of Charlotte Valeur, a corporate governance adviser, who believes that understanding how young people ...

Bermuda-based insurance services company Randall & Quilter Investment Holdings (R&Q) has rounded off 2015 with a flurry of deals. On Christmas Eve, the firm announced the novation of liabilities for policy years 2000—2003 from Golden Rule Ltd, a Caym...

Bermuda-based bond insurer Assured Guaranty has struck a deal with Puerto Rico’s indebted electric company and its bondholders that will enable the utility to restructure about $8.2 billion of debt. The Caribbean island, a US territory, faces a mount...

Expect more merger activity in a tough insurance industry that is getting tougher, top executives told conference delegates in Hamilton yesterday. A wave of consolidation has swept through Bermuda’s flagship industry this year, highlighted by the Ren...

A new advisory body set up to help Bermuda safeguard its economy from systemic risks met for the first time yesterday. The Financial Policy Council (FPC) will aim to monitor areas of potential financial systemic risk, recommend moves to strengthen re...

Axis Capital Holdings Ltd will repurchase up to $750 million of its own shares by the end of next year. The Bermuda-based insurer and reinsurer also raised its quarterly dividend by 21 per cent to 35 cents per share — its twelfth consecutive annual d...

Bermuda was “a natural choice” as a home for Qatar Re, said the reinsurer’s chief executive officer yesterday as it completed its redomiciling to the Island. Gunther Saacke added that Bermuda had “decades of proven reliability” in the insurance indus...