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AM Best is revising its outlook for the reinsurance sector to negative. The ratings agency said that while reinsurers are currently financially strong, they continue to be squeezed by market conditions and low interest rates. “It has become even more...

Bermuda’s insurers and reinsurers are getting better at agreeing terms and conditions with their customers. Yesterday, the 15 participating members of the Association of Bermuda Insurers and Reinsurers (ABIR) reported a record high contract certainty...

Florida is continuing to offload policyholders from its state-backed insurer Citizens onto private insurance companies — potentially boosting business for Bermuda’s reinsurers. Insurance regulators in the Sunshine State have approved four companies t...

Captive insurers are outperforming their commercial counterparts on every key financial measure, according to rating agency AM Best. Captives provide self-insurance for their corporation owners and some write third-party business as well. Best said t...

Standard and Poor’s (S&P) said yesterday that the hedge fund reinsurers philosophy of running a higher risk portfolio in order to underwrite at lower rates could be flawed. The idea that hedge-fund reinsurers will earn higher investment returns than ...

Shares of Bermuda-based reinsurer Third Point Reinsurance Ltd gained nearly four percent in New York trading after posting earnings that beat analysts’ expectations. The company, whose investments are managed by billionaire hedge fund manager Dan Loe...

The Montpelier Re Foundation has awarded scholarships worth a combined $15,000 to two Bermudian students. Meteorology student Michael Cavin Johnston receives $9,000, while the Foundation awarded $6,000 to medical student Erek Tivon McLaine Fox. Both ...

Dear readers: I haven’t focused much on investing in the last year or so. To be frank the reason: The anecdotal commentary from you (thank you) is because so many folks are struggling with the financial basics just to get on with their daily lives — ...

The insurance market may be at “a tipping point” in terms of overcoming the reluctance to engage in mergers and acquisitions (M&A) activity. That is the view of professional services firm PwC, which is predicting a “quiet revolution” in global insura...