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Former Butterfield Bank CEO Alan Thompson has been named managing partner of Bank Solutions Group, a consulting firm for financial services firms. Mr Thompson was appointed CEO of Butterfield Bank in 2002 but retired in 2010 to be replaced by Bradfor...

Insurance manager Kane subsidiary, Kane SAC Limited had launched a new catastrophe bond platform and issued a $9,523,770 note under the programme, the company has announced. The series 1-2013 notes have been listed on the Bermuda Stock Exchange. “Th...

Rating agency A.M. Best Co.announced this evening that they have placed under review with negative implications the financial strength rating (FSR) of A- (Excellent) and issuer credit ratings (ICR) of “a-” of the pooled and reinsured members of the T...

Enstar Group Limited filed its quarterly report on Form 10-Q with the SEC earlier today, reporting its earnings and financial position for the three and six months ended June 30, 2013. In a release announcing the results, Enstar reported consolidated...

Ratings agency A.M. Best Co. announced it has assigned a financial strength rating (FSR) of A- (Excellent) and an issuer credit rating (ICR) of ‘a-’ to Aurigen Reinsurance Company of America (ARCA) — whose parent company owns a Bermuda reinsurer as w...

In a development Tower Group International, Ltd.’s president and chief executive officer Michael Lee said made them “disappointed”. the company announced this week that it is postponing the release of its financial results for the second quarter of 2...

RenaissanceRe Holdings Ltd. announced this afternoon an increase in authorisation to $500 million in its share repurchase programme, and a quarterly dividend of $0.28 per common share on its common stock. A press release stated the dividend is payabl...

Bermuda holding company American Safety Insurance Holdings, Ltd. this week announced that Fairfax Financial Holdings Limited has increased its offer to purchase American Safety to $30.25 per share from the previously announced $29.25 per share A pre...

Lancashire Holdings Limited has announced agreements to acquire for £266 m Cathedral Capital Limited, a privately owned Lloyd’s insurer, along with loan notes issued by Cathedral’s subsidiary Cathedral Capital (Investments) Limited. “The transaction...