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Reinsurance

XL Innovate speaker at New York conference

XL Group will be providing one of the speakers at a New York conference focusing on disruptive trends in financial services. Tom Hutton, the managing partner and director of XL Innovate, an XL-sponsored venture capital initiative, is due to speak at ...
May 08, 2015
Reinsurance

Validus marks ten years of growth

Bermuda-based Validus Holdings Ltd is celebrating its tenth birthday this year in a markedly different reinsurance market from the one in which it was born. To mark a decade of strong growth, the company is holding a party for clients at Pier 6 on Fr...
May 07, 2015
Other

Controversial cell tower plan approved

A controversial plan to erect a mobile cell tower has been approved by the Development Applications Board. The application by Digicel proposes the installation of a 65ft “cell-site on wheels”, capable of extending to 100ft, at 49 South Road, Devonshi...
May 05, 2015
Reinsurance

RenRe profits rise 11%

RenaissanceRe’s profits rose more than 11 per cent in a first quarter notable for the completion of the reinsurer’s acquisition of Platinum Underwriters. RenRe recorded $167.8 million in net income, up from $151 million in the corresponding quarter o...
May 05, 2015
Reinsurance

Chinese firm to buy out Ironshore

Bermuda-based insurer Ironshore has agreed to be acquired by Chinese investment firm Fosun International Ltd. In a statement released late yesterday, Ironshore said it had reached an agreement to sell to Fosun the four-fifths of the company that the ...
May 04, 2015
Other

"PartnerRe board rejects Exor bid"

PartnerRe Ltd's board of directors has rejected the buyout bid from Italian investment company Exor and offered a sweetened deal for shareholders to complete its proposed merger with Bermuda rival Axis Capital Holdings Ltd. In a statement released th...
May 04, 2015
Reinsurance

Catlin staff to relocate to XL today

XL Group and Catlin Group have completed their merger — and today the integration of the two insurers begins in earnest. The Royal Gazette understands that 30 underwriting, actuarial and claims staff will this morning relocate from the Catlin office ...
May 04, 2015
Reinsurance

Endurance posts $108.4m profit

Endurance Specialty Holdings improved its first quarter profits by $4 million, to hit $108.4 million compared to the same period a year ago. The net income available to common shareholders was $100.3 million, or $2.23 per common share. The company’s ...
May 04, 2015
Local Business

Air Care boss Platt to retire

The general manager of Air Care Limited, Robert Platt, is to retire at the end of this month after 19 years with the company. He will be succeeded as general manager by Brendan Stones. “We thank Robert for his dedicated service and wish him well as h...
May 04, 2015
Other

Argus jumps to cause of health campaign

The Argus Group has jumped in headfirst to sponsor the three-day Jump 2b Fit campaign, organised by the Bermuda Heart Foundation and featuring seven world-famous jumpers. With Argus’s sponsorship, this year’s Jump 2b Fit campaign has expanded beyond ...
May 01, 2015
Other

End-to-End elite swim postponed

Catlin End-to-End has announced the elite swim event that was meant to take place from The Fairmont Hamilton Princess this evening has been postponed until next week. Event organisers said: “Due to uncertain weather predictions and current conditions...
May 01, 2015
Reinsurance

XL and Catlin complete merger

XL Group plc and Bermuda-based Catlin Group have completed their merger, the companies announced today. Catlin delisted from the London Stock Exchange and ceased to be traded as of 8am London time. The $4.1 billion deal to combine the two companies i...
May 01, 2015
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