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Bermuda-based reinsurer Third Point Re is aiming to raise $250 million by the end of this year to capitalise a new fund to underwrite property and catastrophe business. John Berger, CEO of the hedge fund-backed start-up which launched operations in B...

The reinsurance sector could be heading for a fall if three key risks to the industry become reality in the coming years, according to Guy Carpenter’s David Flandro. Growing catastrophe risk in the developing world, the chance of interest rate rises ...

Ace Limited has announced that it has reached a definitive agreement to acquire Fianzas Monterrey in Mexico from New York Life Insurance Company for approximately $285 million in cash. Established in 1943 and headquartered in Mexico City, Fianzas Mon...

Bermuda Commercial Bank (BCB) has announced it has partnered with Muzinich & Co to expand the asset management solutions it offers. Muzinich & Co is a global institutional investment manager specialising in corporate credit strategies dedicated to g...

Captive reinsurer Equator Reinsurances Limited (Equator Re), which has been domiciled in Bermuda since 1984, has decided to increase its presence here, moving personnel to the Island and leasing new office space. Though the company has actually been ...

Premier Paula Cox yesterday hailed comments to The Royal Gazette by Fitch Ratings senior director of insurance Brian Schneider. “The naysayers often point to other jurisdictions and undermine Bermuda at every turn, but, when independent experts like...

The growth of alternative sources of capital — such as catastrophe bonds — in the reinsurance market can be complementary to traditional reinsurers, rather than being regarded as a threat. That is the view of Stephen Young, chief underwriting officer...

The Bermuda insurance market remains strong, despite the departure of a number of holding companies and C-suite staff from the Island in recent years, says XL Re CEO Jamie Veghte. Global business insurer XL Group is now based in Ireland, having moved...