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Bermuda’s insurance-linked securities market has added another feather to its cap with a “first of its kind” $100 million issuance backing a US insurer of municipal bonds. Fidus Re Ltd, a Bermudian special purpose insurer, will use the proceeds from ...

A 14-strong delegation of industry representatives will head to Canada next month to promote the corporate benefits of setting up a captive insurance company in Bermuda. Led by the Bermuda Business Development Agency, the roadshow includes half-day e...

AM Best has upgraded the credit ratings of the Bermudian-based captive insurer of the Japanese car maker Nissan. Nissan Global Reinsurance Ltd’s financial strength rating was raised a notch to A from A-, while its long-term issuer rating was lifted t...

Bermudian reinsurer Maiden Holdings has hired Bank of America Merrill Lynch to “assist the company in evaluating strategic alternatives to enhance value”. Such action and language can sometimes be taken to mean that the company is putting itself, or ...

The two-day Bermuda Healthcare Forum this month has grown in size, beating the sell-out attendance at the inaugural event last year. Specialist insurance buyers for major hospital systems, long-term care facilities, physicians groups, and health bene...

Large insurers are increasingly entering the market to buy reinsurance companies, according to risk adviser Willis Re. In its latest 1st View report, Willis Re said it had seen “largely flat” renewal pricing on loss-free programmes, but some modest g...

Enstar Group is mulling a sale of its StarStone and Atrium businesses, according to a report in British trade press. The Bermudian-based run-off specialist and its private-equity investor Stone Point have called in Evercore for advice after receiving...

Bermuda’s global insurance expertise will be spotlighted in an executive forum during this month’s Risk & Insurance Management Society annual Conference and Exhibition in San Antonio, Texas. The Bermuda Executive Forum, hosted by the Bermuda Business...

White Mountains Insurance Group Ltd announced it has agreed to acquire a majority equity stake in NSM Insurance Group. NSM is a specialty insurance programme administrator and the deal values the company at about $388 million. Bermudian-based insura...

Bermuda College students Bathsheba Jones and Khaleel Daley are the recipients of ILS Bermuda Scholarships enabling them to enrol in the Bermuda Insurance Institute ‘Career Pathways’ education initiative. Ms Jones graduated from CedarBridge Academy i...

A special half-day forum bringing together distinguished past leaders with current chief executives of Bermuda’s global insurance market will be held to mark the 25th anniversary of the Association of Bermuda Insurers and Reinsurers. The quarter-cent...

MS Amlin — a global reinsurer with a Bermuda branch — is aiming to reduce staffing costs by about 10 per cent, according to trade press reports out of Britain. The move comes after a year of heavy catastrophe losses for the industry and consequent re...