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US private-equity company KKR & Co has acquired a 24.9 percent stake in Bermuda-based Nephila Capital Ltd, an investment management firm that focuses on natural catastrophe and weather risk. Terms of the deal were not disclosed. KKR obtained shares f...

Most of Bermuda’s reinsurance market is expected to report profits and capital growth for 2012, despite losses from Hurricane Sandy, states a new Fitch Ratings report. In its Bermuda 2013 Market Update, Fitch states that the Bermuda market, made up o...

Rating agency AM Best Co has affirmed the credit and financial strength ratings of Third Point Reinsurance Company Ltd. The agency maintained its financial strength rating of A- (excellent) and issuer credit rating of “a-” saying the outlook for bot...

New gun bill in the US could mean a potential new revenue stream for Bermuda reinsurers. A bill filed in Massachusetts Friday would require gun owners to purchase liability insurance to cover instances when their weapons are used to injure. Some say ...

Since Superstorm Sandy slammed into the northeastern coastline of the US in October, dozens of insurers and reinsurers with operations here in Bermuda have come forward with their preliminary Sandy-related loss estimates. The latest estimate comes f...

Drive, ambition and good bosses — they’re just three of the things Kirsten Faria credits for having led her to a higher level of responsibility at Allied World Assurance Company Ltd. The re/insurer announced last Friday that Ms Faria had been promote...

A slight acceleration in Chinese economic growth at the end of last year is reinforcing the common narrative that China’s expansion is a threat to other nations, including the US. The bigger danger over the medium term, however, may be a slowdown in ...

Fifteen years ago, China was ecstatic to regain control of Hong Kong and all it represented: freshly minted billionaires, a culture in which corporate chieftains outshine movie stars, and splashy initial public offerings that rival New York and Londo...

The State of our Economy: Anyone with business sense or intelligent intuition suspected, conjectured, and estimated that government coffers were routinely running negative by 250-300 BMD million a year. And now, what an daunting task we have ahead o...