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A special session of the Florida legislature has led to insurance reforms that will bring relief to the state’s homeowners market, but capacity will likely remain limited with high reinsurance costs in the near future. That’s the view of rating agenc...

White Mountains Insurance Group Ltd has announced that Ark Insurance Holdings Limited, its specialty property and casualty reinsurance and insurance subsidiary, has sponsored the formation of a reinsurance sidecar to provide collateralised reinsuranc...

Arcadian Risk Capital has appointed Paddy Cole as senior vice-president, professional liability in its Bermuda office. Mr Cole joins from Markel Global Insurance in Dublin, where he was a senior underwriter specialising in professional liability. He ...

Albert A Benchimol, president and chief executive officer of Axis Capital Holdings Limited since 2012, will step down from his role on May 4

Symetra Financial Corporation, a wholly owned subsidiary of Sumitomo Life Insurance Company, has established Symetra Bermuda Re Ltd. The new operation will reinsure certain risks of Symetra Life Insurance Company, a subsidiary of Symetra Financial Co...

Axa XL Reinsurance has appointed Tristan Abend to the newly expanded position of head of property, responsible for both US & International business in Bermuda. The company said Mr Abend has worked as part of the property team for Axa XL Reinsurance f...

RiverStone International has entered into loss portfolio transfer reinsurance agreements with affiliates of Axis Capital Holdings Limited, which cover several of its professional lines and liability insurance portfolios, predominantly relating to 201...

AM Best has assigned ratings to two reinsurers domiciled in Bermuda. The ratings agency assigned a financial strength rating of A (Excellent) and a long-term issuer credit rating of “a+” (Excellent) to both Fontana Reinsurance Ltd and Fontana Reinsur...

Sompo International, the Bermudian-based global provider of commercial and consumer property and casualty re/insurance, has completed the transfer of its Endurance at Lloyd’s run-off business to RiverStone Holdings Limited. The announcement follows r...

Bermuda insurers are denying or limiting coverage to clients with exposure to bankrupt crypto exchange FTX, the news agency Reuters is reporting. Specialist underwriters here and in the Lloyd’s of London markets are taking action that will leave digi...