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Canopius Group Ltd. posted a pretax profit of £49 million ($73.9 million) for 2012, compared with a loss of £61 million ($95.6 million) for 2011, the company announced yesterday. The privately held Guernsey-based insurer and reinsurer, whose Bermuda ...

The board of Bermuda-based, American Safety Insurance Holdings, has indicated that the company is exploring “strategic alternatives, including a potential sale of the company”. The insurer has turned to Bank of America Merrill Lynch to advise on its ...

Bermuda-based Montpelier Re Holdings Ltd. has announced it will issue a quarterly dividend on both its common and preferred shares. The company declared a dividend of $0.115 per common share and a quarterly dividend of $0.554688 per 8.875 percent non...

State-backed insurer of last resort Florida Citizens is looking to bring another catastrophe bond issuance to market via Everglades Re. According to insurance website Artemis, the transaction has an initial size of $250 million which would cover Flor...

Oil Insurance Limited (OIL), which has offices in Bermuda, announced yesterday the launch of the OTA (Oil Technical Accreditation), OIL’s innovative online technical accreditation course for members and global energy brokers. The OTA is OIL’s first e...

Lancashire Holdings has announced the appointment of Darren Redhead as head of Lancashire Capital Management division after the sudden departure of Simon Fascione last week. Mr Redhead previously served as the chief underwriting officer of DE Shaw Re...

The insurance-linked securities market accounts for 15 percent of the global property cat reinsurance capacity with Bermuda acting as a central player in the convergence between capital markets and traditional reinsurers. According to a recent ILS re...

Allianz Risk Transfer (ART) has announced that they have finalised an agreement securing another three years of risk capacity for Bermuda-based Nephila Capital, which is a leading investment manager specialising in insurance-linked securities. The f...