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New international accounting rules could affect the island’s insurance industry as much as European Union Solvency II requirements, a professional services firm said yesterday. Now PwC is to hold a live global seminar to highlight International Accou...

NEW YORK (Bloomberg) — Bermudian-based insurer Global Atlantic Financial Group is weighing an initial public offering as soon as this year, according to people familiar with the matter. The fixed-annuity seller is mulling an initial public offering o...

A group of students from Appalachian State University in North Carolina have been given an insight into how Bermuda became one of the world’s most important reinsurance hubs. The Association of Bermuda Insurers and Reinsurers hosted the students for ...

CedarBridge Academy students preparing for end of year exams received some extra help from the international business community. A group of insurance professionals from the Bermuda International Long Term Insurers and Reinsurers association voluntee...

A total of $925 million in securities on behalf of the California Earthquake Authority were yesterday listed with the Bermuda Stock Exchange. The two securities were issued by Ursa Re and placed by Swiss Re Capital Markets, which acted as structuring...

AM Best has placed the credit ratings of Hamilton Re and its subsidiaries under review with developing implications after the resignation of its CEO Brian Duperreault. Reacting to the rating service’s action, Jonathan Reiss, Hamilton Insurance Group’...

The departure of Brian Duperreault from Hamilton Insurance Group to US giant AIG will be a boost for both companies, Hamilton Re CEO Kathleen Reardon said yesterday. Ms Reardon added that closer relationships between the two firms would lead to a bus...

Fitch Ratings sees no end in sight for soft pricing in the reinsurance market. The credit rating agency believes the soft market will last through to the end of this year at least, driving more companies to seek merger partners. “We expect premium ra...

A double whammy of cuts in the UK discount rate for bodily injury lump-sum payouts and higher natural disaster losses has hit earnings of the island’s insurance and reinsurance industry. A report by ratings agency Standard & Poors said the combinatio...

Butterfield Bank has pledged to make every effort to avoid redundancies as it relocates jobs to its service centre in Canada. The bank said in a statement today: “Over the next several years, we will be working to modernise and adjust our operations ...

Law firms Wakefield Quin Ltd and HCS Law Ltd have agreed to merge and continue in the name of Wakefield Quin Ltd. HCS Law is a boutique Bermuda law firm located on Pitts Bay Road. The merger includes Hollis Corporate Services Ltd, a corporate adminis...

Hamilton Insurance Group founder Brian Duperreault has written to his staff after leaving to take over as president and CEO of insurance firm AIG. Mr Duperreault told Hamilton employees that he was not leaving because there were problems at Hamilton ...