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Insurance and reinsurance giant XL Catlin has joined forces with international academics and computer experts to better track hurricane forecasts and the evolution of major storms. A new website, set up with the Barcelona Supercomputing Centre and Co...

Butterfield Bank has filed for a proposed initial public offering of up to $100 million to place its ordinary voting shares on the New York Stock Exchange. It is to ask shareholders to vote on the proposal, which calls for a ten-for-one reverse share...

NEW YORK (Bloomberg) — American International Group said it will buy back $3 billion of stock after second-quarter profit climbed 6.3 per cent, helped by asset sales. The insurer climbed in extended trading in New York. Net income advanced to $1.91 b...

Endurance Specialty Holdings has reported net income available to common shareholders of $76.6 million in the second quarter, marginally up on the $76 million for the same period in 2015. Profit was $1.14 per diluted common share, down from $1.68 yea...

Bermudian student Kyra Hodsoll has won this year’s scholarship from insurance and reinsurance firm Validus. Ms Hodsoll, a second year summer student at Validus, is studying at Kingston University in England. Ed Noonan, Validus chairman, said: “After ...

NEW YORK (Bloomberg) — Evan Greenberg, the chief executive officer of Chubb Ltd, mocked “wannabes” at smaller insurers who are seeking to expand by guarding commercial clients against trade disruption or political instability in international markets...

Chinese acquirers are continuing their buy-and-flip strategy and this time, it’s Fosun International’s turn. However the question is not only whether the fundraising will lower the company’s debt load, but how easy it will be to sell the asset in the...

Many people believe that insurers impacted by the Front Street fire will automatically raise their premiums to recoup their losses — but that is not the case, according to the head of the company that covered the gutted building. Fire ripped through ...

Bermudian-based XL Group beat analysts' estimates for second-quarter earnings, but profits were hit by catastrophe losses and expenses related to its integration with Catlin Group. The company, which this month completed its redomestication to the is...

Lancashire Holdings made after-tax profits of $31.5 million for the second quarter of the year — down $7.4 million on the same quarter last year. Gross premiums written for the period totalled $199.8 million, an increase of $20.5 million on the $179....

Hiscox is ready to restructure in response to Britain’s impending departure from the European Union — but Brexit is unlikely to do any harm to Bermuda as an insurance and reinsurance jurisdiction. That is view of Robert Childs, chairman of Hiscox, wh...

Insurer and reinsurer Axis Capital Holdings tonight posted profits of $119 million for the second quarter — up $56 million on the same quarter last year. The net income of $119 million, equivalent to $1.29 per share, compared to $63 million and 63 ce...