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Validus Holdings Ltd has announced that it has filed a definitive proxy statement with the Securities and Exchange Commission (SEC) opposing the proposed takeover of Transatlantic Holdings Inc by Allied World Assurance Company Holdings AG. Validus al...

Bermuda reinsurers are closely watching Hurricane Irene as it makes its way towards the US East Coast with industry analysts predicting the powerful storm could be a trigger for rises in rates and share prices. If Irene becomes the first hurricane to...

A Sri Lankan accountant has been charged with swindling a Bermuda insurance company out of almost $70,000 by lying that she had surgery in her home country. Prosecutors allege that accountant Chandima Gangula Arachchige, 37, was really in Bermuda on ...

Amlin Plc, the biggest Lloyd’s of London insurer by market value, expects to recoup its record catastrophe losses in the second half as premiums increase, chief executive officer Charles Philipps said. While the company’s Amlin Bermuda unit wrote mor...

Montpelier Re has agreed to buy the renewal rights of fellow Bermuda re/insurer Torus’s property catastrophe reinsurance book of business. Terms were not disclosed, but under the agreement, Torus will provide sidecar capacity to Montpelier from the s...