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Specialty insurer Hiscox has announced further expansion in their non-property catastrophe business in Bermuda. Based in Bermuda and led by Ian Thompson, the Casualty team will expand on Hiscox’s existing healthcare products with the addition of fur...

Tokio Millennium Re has completed its redomestication from Bermuda to Switzerland. TMR will become registered as Tokio Millennium Re AG, effective yesterday, the company said. It is now looking to establish an operation in the US. Tokio Millennium Re...

Bermuda’s Arch Reinsurance paid the Tennessee Valley Authority (TVA) $42 million to help pay for more than $1 billion in expenses stemming from the cleanup at the 2008 ash spill at the Kingston Fossil Plant. The deal reportedly resolves one of three ...

Law firm Marshall, Diel & Myers has launched a new-look website. The firm said the new site, created by local firm eMedia, was designed to reflect the firm’s values and reputation and to be easy to navigate. Director Rachael Barritt said: “We were ex...

Dear Dave, My husband and I are debt-free except for our house. I’ve been having a discussion with a co-worker over how much money to allow for fun in your budget. I think $100 for a bottle of wine is okay, but she says something like that is unrea...

Dear Readers, One reader wrote in with the following suggestions for additional articles. I thank this individual for following the Moneywise column and providing this feedback. As always, I am very grateful to receive comments and inquiries on a rea...

A Bermuda investment manager is at the forefront of marketing insurance linked securities directly to pension funds. Overseas pension funds are increasingly turning to ILS and catastrophe bonds — once considered an exotic investment for specialists o...

Tower Group International’s shares fell again yesterday on concerns about the re/insurance company’s plans to take hundreds of millions of dollars in charges. Shares fell more than 50 cents, a 13 percent decline, to $3.81 yesterday, a 52-week tradin...

Bermuda-based Tower Group International is reviewing a “range of strategic options” after the re/insurer determined it had to add $365 million to reserves and take a $215 million impairment of goodwill tied to its commercial, specialty and reinsuranc...

In the wake of the Boston bombing and the Kenyan mall attack, Ironshore Inc. has announced that its global terrorism and sabotage programme, to protect against diverse risk exposure worldwide, has increased capacity to up to $300 million. The insuran...