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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...

Axis Capital Holdings Ltd tonight reported a third-quarter net loss of $468 million, as it dealt with hefty claims related to natural disasters. The Bermudian insurer and reinsurer estimated catastrophe pre-tax net losses at $617 million, resulting ...

A $350 million catastrophe bond that will boost underwriting capacity for Bermudian insurer and reinsurer Axis Capital Holdings has been admitted to listing on the Bermuda Stock Exchange. The BSX also announced on Friday that a €40 million cat bond, ...

Island-based insurer Enstar Group Ltd’s first-quarter earnings rose by more than 20 per cent. The company posted net income of $54.7 million, or $2.80 per share, compared to $45.5 million, or $2.35 per share in the January-to-March period last year. ...

Frontline Ltd this morning reported fourth-quarter profit of $18.3 million, beating analysts’ estimates. However, Robert Hvide Macleod, the Hamilton-based oil tanker operator’s chief executive officer, predicted pressure on the rates at which the com...

Chief risk officers have become firmly established within Bermuda’s re/insurance companies, a survey reveals. EY’s first survey of the island’s insurance CROs found that 100 per cent of respondents had unfettered access to the Board, Risk and Audit C...

Aspen Insurance Holdings Ltd reported earnings in line with analysts’ estimates as it overcame $24.9 million in catastrophe losses. The Bermuda insurer and reinsurer posted operating income after tax of $69.3 million in the third quarter, or 97 cents...

Arch Capital Group Ltd bettered the forecast of Wall Street analysts, as it posted $247.4 million of net income for the third quarter. The Bermuda insurer and reinsurer’s profit represented an annualised return on average common equity of 15.3 per ce...