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RenaissanceRe Holdings Ltd reported a net loss of $3.5 million for the fourth quarter of last year, as a one-off writedown related to US tax cuts weighed on results. The Bermudian insurer and reinsurer also took a hit from California wildfires during...

The company behind Butterfield & Vallis is celebrating its 100th anniversary, and it is looking ahead to maintaining and furthering its success and longevity. Jim Butterfield is the third generation of the family to run Butterfield & Company Ltd, and...

Chubb Limited marginally missed market expectations when it reported its fourth quarter earnings. It suffered pre-tax catastrophe losses of $477 million from two of the largest wildfires in California’s history, although it did have a $30 million fav...

Belco has sent a third group of linemen to the British Virgin Islands to help bring power back to the hurricane-battered country. The latest five-man squad from Belco travelled to Tortola in the island group last week after the islands’ power authori...

Bermudian run-off specialist Enstar Group Ltd has struck a deal with Axis Capital to acquire Novae Group’s legacy reinsurance business dating from 2015 and before. Axis, the Bermudian-based insurer and reinsurer, acquired Novae last year in a deal wo...

XL Catlin has retained the top spot-on Advisen’s annual Pacesetter Index, an annual recognition of product innovation in the P&C insurance industry, having introduced 26 new or enhanced property, casualty, professional and speciality insurance covera...

Axis Capital Holdings Ltd is making a number of changes to its operations to make it “future-ready”. One of the changes is the realigning of its accident and health business, which is to merge into Axis’ core insurance and reinsurance segments. Chri...

Validus Holdings is likely to operate much as it does now after it is taken over by American International Group in a $5.56 billion deal expected to close later this year. Brian Duperreault, AIG’s chief executive officer, said in a conference call wi...

American International Group has agreed to buy Bermudian reinsurer Validus Holdings in a deal worth $5.56 billion. The US company’s offer of $68 per share represents a 45.5 per cent premium to Validus’s closing stock price on Friday. AIG said the dea...

This joint op-ed from the senior executives at American International Group and Validus Holdings comes after the announcement today that US insurer AIG has agreed to buy Bermudian-based Validus in a deal worth $5.56 billion. Today we announced that...

Bacardi Limited has announced a definitive agreement to acquire complete ownership of Patrón Spirits International and its Patrón brand, the world’s top-selling ultra-premium tequila. The transaction reflects an enterprise value for Patrón of $5.1 b...

RenaissanceRe has struck an agreement to buy a minority stake in run-off specialist Catalina Holdings. Both companies are based in Bermuda. The agreement involves RenaissanceRe Ventures Ltd, a subsidiary of RenRe. The deal is expected to close concur...