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One of the largest family office investors in Japan has launched a $30-million catastrophe re/insurer in Bermuda. Triton Re was launched as a Special Purpose Insurer (SPI) in December 2011, with a mandate to write property and casualty risks as well ...

Bermuda-based CATCo Investment Management Ltd has announced that Alastair Barbour has been appointed a non-executive director of CATCo Reinsurance Fund Ltd, effective from January 1, 2012.

A shift in the catastrophe bond business from the Cayman Islands to Bermuda has resulted in the Island attracting more insurance companies to set up on its shores. Andre Perez, CEO of Horseshoe Group, said that the reason behind the increase was that...

XL Group plc expects to take a hit of between approximately $135 million and $185 million from the Thailand floods in the fourth quarter of 2011 Approximately two-thirds of these losses relate to the company’s insurance segment. In addition, the comp...

Montpelier Reinsurance Ltd, the principal (re) insurance operating subsidiary of Montpelier Re Holdings Ltd, has been affirmed the insurer financial strength (IFS) rating of ‘A-’ by Fitch Ratings. The rating outlook remains positive. Fitch’s affirmat...

Long queues were reported at LF Wade International Airport, after technical problems knocked out HSBC terminals, and customs duties had to be paid by cash. Butterfield ATMs were reportedly functioning, forcing weary travellers to line up once to take...