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Bermudian run-off specialist Armour is to launch a new reinsurer after raising up to $500 million in equity commitments from an investor group led by New York private-equity firm Aquiline Capital Partners. The new reinsurance company Armour Group Ltd...

Bermudian life reinsurer Athene Holding Ltd is spinning off Ager Bermuda Holding Ltd, the holding company of its European operations. Ager’s main subsidiary is Athene Lebensversicherung, based in Wiesbaden, Germany, and it specialises in life run-off...

Do you ever feel like you’re in a chronic cash crunch? That can put a real damper on your days, and take the hope and expectation out of a new year. But if money tops your list of new year’s resolutions, you’re in luck! Research shows you’re on the r...

New Year is fast approaching, now almost 20 years into the new millennium. It’s once again a time to reflect, to put aside the past year’s less-than-positive outcomes in your work, relationships, health, and philosophies. Whether you defined these as...

Sagicor is planning to establish a reinsurance operation in Bermuda, according to an International Monetary Fund report on Barbados. The financial-services giant moved its holding company to Bermuda last year, but continues to be operated from Barbad...

The US tax overhaul is symptomatic of growing protectionism around the world threatening the global business model of Bermudian reinsurers. That is the view of Bradley Kading, outgoing president of the Association of Bermuda Insurers and Reinsurers, ...

The impact of hurricanes Harvey, Irma and Maria, and major wildfires in the US, is clearly shown in a graph tracking combined ratios for reinsurance companies. Data up to the end of the third quarter shows that this year is on track to be the worst y...

A new company is to offer enhanced due diligence investigations and reports aimed at helping businesses avoid falling foul of increased regulations, and suffering reputational damage. Searchlight is a spin-off from Oyster Consulting (Bermuda). The te...

A few years ago I started a column called “Good Reads for Christmas,” which was written for entertainment and inspiration at this time of the year. Dear readers, we realise your tolerance level during the holidays for all things financial is about ...

Dear Dave, My wife and I both lost our jobs a few weeks ago. She began a training course for a new job last week, and I’ve been interviewing. We cashed in an annuity the other day because things have been tight, and we were wondering if we should use...

RenaissanceRe Holdings Ltd expects a $40 million reduction in income as a result of the passing of the US tax Bill. In a statement, the Bermudian-based company said it had conducted a preliminary assessment of the Tax Cuts and Jobs Act of 2017, which...

John Huff says he will have “big shoes to fill” when he takes over from Bradley Kading as president of the Association of Bermuda Insurers and Reinsurers on January 1. And Mr Huff, formerly president of the National Association of Insurance Commissio...