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Bermudian-based insurer and reinsurer Sirius Group has entered into a $300 million revolving credit facility. The senior, unsecured facility will give Sirius access to loans for working capital and general corporate purposes, and letters of credit to...

Bermudian-domiciled mortgage insurer Essent Group Ltd’s profits for the fourth quarter of last year received an $85.1 million boost from US tax reform. Essent said today it made net income of $162.6 million, or $1.65 per share, during the last three ...

There is no denying that technological developments are continually changing the way we live. Some of these developments have been in, and will increasingly be seen in, the insurance and reinsurance space. Many will have heard of “fintech”, a term de...

New offices and a new chief executive have given fresh impetus to the Bermuda Insurance Institute. The organisation is looking to raise its profile, and that includes reaching out to the next generation of potential students to encourage them to con...

The ratings of some insurance and reinsurance groups could be affected by the impact of the reform of US tax law. AM Best said that anticipated structural changes to certain reinsurance arrangements between affiliated insurance or reinsurance compani...

Shares of Bermudian-based XL Group surged nearly 13 per cent yesterday on reports of buyout interest from German insurance giant Allianz. The insurer and reinsurer’s shares rose $4.83, or 12.9 per cent, to close on $42.17 in Nasdaq Stock Exchange tra...

Inflation jumped to 2 per cent in November, up from 1.4 per cent the month before. The transport and foreign travel sector was up 1.2 per cent, with the average cost of overseas hotels up 3.6 per cent, and airfares 1.6 per cent higher. Among food ite...

Axis Capital Holdings made a loss of $38 million, or 46 cents per share, in the fourth quarter, down from a profit of $131 million, or $1.48 per share, a year ago. The combined ratio for the quarter rose to 100.7 per cent, compared to 96.7 per cent, ...

Shares of Bermuda Press (Holdings) Ltd, publisher of The Royal Gazette, improved by four cents, or 0.7 per cent, to $6.15 after 338 traded on The Royal Gazette/BSX Index. There was also trading in 31 shares of Butterfield Bank, but with no change to ...

Bermuda insurance industry veteran Fiona Luck has been appointed to the Lloyd’s Franchise Board. Ms Luck, whose career on the island included senior roles at Marsh and McLennan, the Ace Group and XL, will start a three-year tenure as a non-executive ...