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Bermuda-based Aspen Insurance Holdings announced an initial estimate of catastrophe losses from Superstorm Sandy of $175 million. Aspen expects fourth quarter 2012 earnings to include approximately $175 million after-tax, and net of reinsurance and r...

NEW YORK (Bloomberg News) — Validus Holdings Ltd., the reinsurer that acquired Flagstone Reinsurance Holdings SA, said costs from superstorm Sandy were about $333.1 million. Flagstone’s losses from the storm are about $39.1 million, Bermuda-based Val...

A true changing of the guard happened this week. The voters of Bermuda have spoken. We have selected the individuals who will represent us and our country for the next five years. These individuals are assuming their leadership positions at the righ...

Allied World Assurance Company has bought a minority stake in Aeolus Capital Management in an effort to expand its financial services platform. Allied World will also increase the amount of capital it deploys in the reinsurance and retrocession marke...

Bermuda-based re/insurer Maiden Holdings Ltd estimates its losses relating to Superstorm Sandy will range from $25 million to $35 million The storm battered the Mid-Atlantic and Northeastern US at the end of October. The estimate, which is based on a...

The outcome of Monday night’s historic election has reverberated throughout the Island’s international business community. While offering thanks to the outgoing Progressive Labour Party, re/insurance leaders, including ABIR and ABIC, seem optimistic ...

Business Bermuda has been promoting the Island as an Islamic finance hub at a series of recent events in Bahrain and Dubai. A delegation from Business Bermuda attended the World Islamic Banking Conference, the world’s largest annual gathering of in...

GENEVA (Bloomberg) — Zurich Insurance Group AG, Switzerland’s biggest insurer, said claims from Superstorm Sandy are estimated at about $700 million. That includes $40 million related to Farmers Re in connection with the reinsurance provided to the F...