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Bermuda is streaking ahead in the global ILS market, with the Island issuing $7.7 billion of during 2014. By comparison Cayman Islands saw only $0.7 billion of issuances and Ireland had $0.4 billion. The global stock of ILS at the end of 2014 was wor...

One of the first true reinsurance sidecars, Olympus Re Holdings Ltd, is being voluntarily wound up 14 years after it was created. The pioneering firm was set up in Bermuda in 2001. It was initially backed with $500 million in capital from investors t...

A Bermuda fund administrator has passed the $3 billion mark in assets under administration after only three years in business. ILS Fund Services — which provides fund administration and valuation services to funds that invest in insurance linked secu...

An opportunity to gain practical experience in a wide variety of legal practice areas is being offered to law students by Marshall Diel & Myers. The Hamilton-based company is accepting applications for its summer law student programme, with a deadlin...

RenaissanceRe Holdings Ltd’s acquisition of fellow Bermuda reinsurer Platinum Underwriters Holdings Ltd is expected to close today. The $1.9 billion cash-and-stock merger deal was announced in November. Platinum shareholders were invited to choose be...

Dear Dave, Should you budget for mad money, or just carrying around cash, when you’re trying to get out of debt? AURORA Dear Aurora, What really matters is the amount of mad money you allow yourself to have. Everyone needs a little pocket money. It’...

Since we Bermuda residents all originally came from somewhere else, today there are thousands of us with multinational ties, multi-jurisdictional assets, multiple citizenships and multiple passports. We are not unique in our restless quest to travel....

Economic losses caused by storms, earthquakes and other natural catastrophes easily topped $1 billion in January, according to estimates by Aon Benfield. Four windstorms in Europe and a powerful Nor’easter in the northeastern region of the United Sta...

Claims for damage from the unprecedented occurrence when two hurricanes battered Bermuda in one week are expected to reach just over $7 million for Colonial Group International. Considering the ferocity of both hurricanes, it is a minor miracle and i...

Partnering with the Lloyd’s of London market gives Bermuda insurers extra credibility, according to a top lobbyist for the industry. Bradley Kading, president of the Association of Bermuda Insurers and Reinsurers (ABIR), addressed the thriving Berm...