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"Blue Capital announces second share placement"

The Board of Blue Capital Global Reinsurance Fund Limited (BCGR) announced it intends to proceed with a second placing of new shares in the company. This is in the absence of unforeseen circumstances, and pursuant to the placing programme announced o...
Sep 13, 2013
International Business

"Specialty reinsurance reshuffle at Willis Re"

Willis Re reshuffled senior management at its Global Specialty business on Tuesday in a move aimed at growing the division under new executive chairman Graeme Moore. According to The Insurance Insider, Global Specialty chairman Chris Clark is moving...
Sep 12, 2013
International Business

"US aid for Bermuda crop insurers criticised"

US government aid to crop insurers including Ace, XL and other re/insurers in Bermuda has drawn criticism. As part of a series looking at the US crop insurance programme, Bloomberg says the US government subsidies show how a programme created to safe...
Sep 11, 2013
International Business

"New capital could reach $100 billion in five years"

The reinsurance industry may attract about $100 billion of new capital from alternative sources over the next five years as pension and hedge funds boost investment, according to broker Aon Plc. And competition from third-party capital could be as si...
Sep 10, 2013
International Business

"Brit Group to open branch office in Bermuda, hires executives"

Brit Group, a global specialty re/insurer, has announced that it is looking to expand its distribution network by opening a branch office in Bermuda. The move is subject to final regulatory approval from the Bermuda Monetary Authority and Lloyd’s, s...
Sep 09, 2013
International Business

"Montpelier Re launches Risk Institute"

Bermuda’s Montpelier Reinsurance has announced the launch of the Montpelier Risk Institute (MRI). The partnership with research institutions will target new methods for quantifying risk. The re/insurer said in a statement that the virtual risk instit...
Sep 09, 2013
International Business

"Canopius half-year profit soars 28%"

The reinsurers, which has offices in Bermuda, said for the six months ended June 30, post-tax profit was £42 million compared to £33 million in 2012. Gross written premiums were £527 million compared to £343 million in 2012. The company’s combined ra...
Sep 06, 2013
International Business

"Tower Group faces shareholder lawsuit"

Tower Group underwrites re/insurance in Bermuda, the US and London markets, and holds an 11 percent stake in re/insurer Canopius. “The Complaint alleges that during the Class Period defendants issued false and misleading statements or failed to discl...
Sep 06, 2013
Other

"Social media wills — will you be covered after death?"

The emergence of the Internet, and social media websites in particular, as indispensable communication tools has raised the question of what happens to our electronic information and data when we die. Who will have access to our emails, Facebook and ...
Sep 05, 2013
International Business

"RenaissanceRe to sell weather and energy unit to Munich Re"

RenaissanceRe Holdings is selling its US-based weather and energy unit to the world’s biggest reinsurer, Munich Re. The German reinsurer would pay a mid-two-digit million dollar amount for the business, a Munich Re spokesman said yesterday. The busin...
Sep 04, 2013
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