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Insurer Amlin has been placed under review by rating agency AM Best in the wake of this week’s announced agreement to be acquired by Japan’s Mitsui Sumitomo Insurance Company in a $5.3 billion deal. Amlin operates in the Lloyd’s of London market and ...

An ice cream business that started a year ago has hit a sweet spot with customers and is looking to expand into the US market. In the space of 12 months Alex & Pete’s Bermuda Artisan Ice Cream has extended its range of flavours to 14, which includes ...

Bermuda’s Catco Investment Management Ltd is to be acquired by US financial holding company Markel Corporation. Markel will acquire “substantially all of the assets of Catco”, according to a joint statement from the two companies. The deal is expecte...

Barely has the dust settled on the last consolidation deal among insurers and reinsurers, than another one has been agreed. This time it is Lloyd’s of London insurer Amlin that is the acquisition, after Tokyo-based MS&AD Insurance Group Holdings yest...

A senior spa consultant from Bermuda has been featured in the industry magazine Pulse. Dorota Wysocka Bradshaw is president of Smart Spa Solutions, which has offices in Bermuda and Poland. She has been invited to join Pulse’s panel of spa business ex...

Insured losses from the explosions at Tianjin Port, in China, could be as high as $3.3 billion, making it one of the Asia’s biggest insured man-made loss events. A report by Guy Carpenter & Co estimates the potential insured losses to be between $1.6...

This year’s El Niño weather phenomenon is the strongest since the record-setting event of 1997-98, and its peak months are still to come. While its impact on insurers and reinsurers is largely unpredictable, indicators are emerging showing billions o...

This resignation of Robert Watson, chief executive of the Regulatory Authority of Bermuda (RAB), is not expected to affect the introduction of the Electricity Act, according to the Bermuda Government. The Act, a draft of which has been tabled in Parl...

A new jet carwash business is attracting customers on North Shore Road. Owners David and Tracy Salawu set up the enterprise after being unable to find work since returning to Bermuda after 20 years of overseas missionary work. Determined to find a wa...

Qatar Reinsurance Company intends to move its headquarters to Bermuda later this year as it redomiciles from Doha, Qatar. The decision has been hailed as “a big vote of confidence” in Bermuda and comes only two years after the company set up a Qatar ...