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Aspen Insurance Holdings Ltd is planning to set up a new insurance subsidiary in Ireland in response to Britain’s impending departure from the European Union. The Bermudian-based insurer and reinsurer said today that it had applied to the Central Ban...

Carol Redahan as been appointed senior vice-president, controller, by Hamilton Re. She will report to Vanessa Hardy Pickering, chief financial officer. Kathleen Reardon, chief executive officer of Hamilton Re, said Ms Redahan’s “experience and expert...

April storms caused $2.3 billion of economic damage in the US, with public and private insurers expected to pay at least $1.5 billion in related claims, according to a report by Aon Benfield. Five separate storm systems caused severe thunderstorms ac...

Munich Re has ploughed $330 million of capital into a new Bermudian-based vehicle that will reinsure some of its life business. The island-based entity, to be known as Munich Re Bermuda, has been assigned a financial strength rating of A+ by AM Best....

Students from the Endeavour Community Sailing met sailers and had the opportunity to race in pro-am spots at the Argo Group Gold Cup in Hamilton Harbour. Bermudian-based Argo Group is the title sponsor of the sailing event, and invited the students o...

Maiden Holdings Ltd’s chief executive officer has thanked customers for their loyalty as the company explores options for its future. Arturo Raschbaum, speaking in a conference call with analysts after Maiden announced a return to profitability in th...

Optimism exists that damage to the world’s oceans, including overfishing, pollution, rising sea levels and ever more powerful hurricanes driven by warmer temperatures, can be reversed. Bermuda’s signature international business — insurance and reinsu...

Lancashire Holdings Ltd’s net operating profit rose to $40.5 million, or 20 cents per share, in the first quarter, up from $25.2 million, or 13 cents per share, year-on-year. The Bermudian-based insurer and reinsurer’s profit after tax was $42.2 mill...

Argo Group International Holdings saw its profits fall to $24.8 million, or 71 cents per share, in the first quarter, a 32.4 per cent drop year-on-year. However, the Bermudian-based company achieved an 18 per cent jump in its investment income, to $3...

Standard and Poor’s has upgraded the financial strength rating for Bermudian-based Sompo International Holdings Ltd’s operating subsidiaries to A+ from A. The ratings agency also raised the assessment of the Sompo Holdings Group’s enterprise risk man...

White Mountains Insurance Group has reported a $48 million comprehensive loss attributable to common shareholders during the first quarter. For the same period in 2017, the Bermudian-domiciled company made a gain of $29 million. White Mountains repor...

Richard Branson, one of the world’s most successful businessmen, will be involved “virtually” in next week’s Ocean Risk Summit in Bermuda. The island is hosting the new event, which will be attended by leaders of governments and the economic, environ...