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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...

Some fund administration and custody service provision will cease at HSBC Bermuda, it was confirmed this morning. An HSBC Bermuda spokesperson stated: “Following a strategic review of the HSBC Securities Services business in Bermuda and after careful...

The chairman of Willis Re Australia Michael Harden has been appointed chief executive officer of Willis Re Bermuda in a move that the reinsurer describes as “an important leadership change.” A Willis spokesman said that Mr Harden has extensive experi...

Third Point Reinsurance Ltd, which counts hedge-fund manager Daniel Loeb as a founding shareholder, said it plans to raise as much as $322.2 million in an initial public offering. The reinsurer, almost all of whose assets are managed by Loeb’s Third ...