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Dinos Iordanou and Greg Hendrick are to head up a new insurer and reinsurer called Vantage, trade publications are reporting. Mr Iordanou, former chairman and chief executive officer of Arch Capital Group, will be Vantage’s non-executive chairman, wh...

Women in Reinsurance is to host a virtual panel tomorrow to review hot topics and insights from the 2020 conference season. The event will start at 4pm and Kathleen Reardon, WiRe director, will moderate the panel of re/insurance experts, comprising: ...

Markel Corporation has closed its property-catastrophe reinsurance unit, impacting a team of about 25 people in Bermuda, The Royal Gazette understands. Some of the impacted staff have been offered jobs with Nephila, another branch of the Markel grou...

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 ...