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Apex Fund Services, one of the world’s largest independent fund administration companies with a large office here in Bermuda, has launched Apex Trade Manager, its order management system (OMS) and Apex Vision, its portfolio management system (PMS). ...

The UK’s High Court of Justice has ruled that the terrorist attack on the World Trade Center on September 11, 2001, can be considered two events. The Commercial Court upheld an arbitration tribunal’s decision that the losses from the 9/11 attacks on ...

Ironshore has announced the acquisition of Excess Risk Reinsurance (ERR), a leading managing general underwriter that specialises in the employer stop loss insurance sector. ERR will operate as a wholly-owned subsidiary of Ironshore Insurance Servic...

Maurice “Hank” Greenberg’s Starr Cos. is expanding in US crop insurance, joining Bermuda’s Validus Holdings in bets on agriculture after last year’s drought fuelled higher costs for the coverage. The Starr Indemnity & Liability Co. unit won approval ...

Bermuda-based fund administrator, Opus Fund Services, has announced the expansion of its US platform with the opening of its New York office. The Park Avenue location will initially focus on business development and will be headed by the new director...

Bermuda-based re/insurer, Arch Capital Group yesterday reported a fourth quarter profit of nearly $14 million despite heavy losses from Hurricane Sandy. The net income of $13.7 million compared to a net income of $138.9 million for the fourth quarte...

Severe flooding in Australia and Indonesia and the worst tornado outbreak in the US since 2008 drove global insurance costs in January, causing economic losses of more than $6 billion and insured losses of about $800 million. That’s according to a ne...