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Ironshore has announced the acquisition of Excess Risk Reinsurance (ERR), a leading managing general underwriter that specialises in the employer stop loss insurance sector. ERR will operate as a wholly-owned subsidiary of Ironshore Insurance Servic...

Maurice “Hank” Greenberg’s Starr Cos. is expanding in US crop insurance, joining Bermuda’s Validus Holdings in bets on agriculture after last year’s drought fuelled higher costs for the coverage. The Starr Indemnity & Liability Co. unit won approval ...

Bermuda-based re/insurer, Arch Capital Group yesterday reported a fourth quarter profit of nearly $14 million despite heavy losses from Hurricane Sandy. The net income of $13.7 million compared to a net income of $138.9 million for the fourth quarte...

Severe flooding in Australia and Indonesia and the worst tornado outbreak in the US since 2008 drove global insurance costs in January, causing economic losses of more than $6 billion and insured losses of about $800 million. That’s according to a ne...

Insurer CNA Financial has reported a loss for its fourth quarter as it dealt with claims from Superstorm Sandy. The company reported a full-year net profit of $628 million after taking a $9 million net loss in the fourth quarter, or three cents per ...

The investment industry’s obsession with measurement, performance and comparisons has always struck me as odd. The fact that investment professionals expend so much time and energy devising various measures and comparative statistics seems at odds w...