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MetLife, the largest life insurer in the US, is to repatriate a Bermuda offshore reinsurance unit. The move to bring Exeter Reassurance back to America would make its business more transparent and it pleases US regulators. MetLife said it plans to me...

ILS Capital Management, Ltd., an investment management company based in Bermuda that specialises in investing in collateralised reinsurance and insurance-linked securities, announced that, subject to Bermuda immigration approval, Brian Gulbransen and...

NYSE-listed Brown & Brown is to acquire insurance broker Beecher Carlson Holdings, which could mean an expansion of its Bermuda office. “The Bermuda office of Beecher Carlson will definitely continue as part of this transaction,” Robin Mehta, executi...

More than 250 local industry professionals were told “now is the time to take action in preparation for FATCA”, during KPMG’s second FATCA forum, held earlier this week at the Fairmont Hamilton Princess. Building on the topics raised during the 2012...

The first quarter of 2013 saw $1.6 billion in new catastrophe bond issuance through five deals, including three that closed at the beginning of the second quarter, according to new a report from Willis Group Holdings PLC’s Willis Capital Markets & Ad...

Dear Dave: I’m a stay-at-home mom now, and my husband brings home $2,600 a month. We’re trying to get out of debt, but we need more money coming in. I want to go back to work, but emotionally part of me feels like I should stay home with our two-year...

The Bermuda Monetary Authority has recorded seven new insurance registrations during April. Among the new registrations is Ace’s new $95 million special purpose vehicle (SPI), Altair Re. Altair, along with fellow SPIs, Kiskadee Re ad Sanders Re, als...

Tokio Millennium Re, which is moving its headquarters from Bermuda to Switzerland, says some top staff on the Island will be relocated as part of its plans to redomicile. The reinsurer announced this week it’s moving its place of incorporation to Swi...