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Bermudian-based Qatar Re has struck a deal to buy Markerstudy’s Gibraltar-based insurance companies. Markerstudy underwrites more than 5 per cent of the UK motor insurance market, generating premiums of £750 million ($1.01 billion). Under the sales p...

Bermudian run-off specialist Armour is to launch a new reinsurer after raising up to $500 million in equity commitments from an investor group led by New York private-equity firm Aquiline Capital Partners. The new reinsurance company Armour Group Ltd...

Bermudian life reinsurer Athene Holding Ltd is spinning off Ager Bermuda Holding Ltd, the holding company of its European operations. Ager’s main subsidiary is Athene Lebensversicherung, based in Wiesbaden, Germany, and it specialises in life run-off...

Sagicor is planning to establish a reinsurance operation in Bermuda, according to an International Monetary Fund report on Barbados. The financial-services giant moved its holding company to Bermuda last year, but continues to be operated from Barbad...

The US tax overhaul is symptomatic of growing protectionism around the world threatening the global business model of Bermudian reinsurers. That is the view of Bradley Kading, outgoing president of the Association of Bermuda Insurers and Reinsurers, ...

The impact of hurricanes Harvey, Irma and Maria, and major wildfires in the US, is clearly shown in a graph tracking combined ratios for reinsurance companies. Data up to the end of the third quarter shows that this year is on track to be the worst y...

RenaissanceRe Holdings Ltd expects a $40 million reduction in income as a result of the passing of the US tax Bill. In a statement, the Bermudian-based company said it had conducted a preliminary assessment of the Tax Cuts and Jobs Act of 2017, which...

John Huff says he will have “big shoes to fill” when he takes over from Bradley Kading as president of the Association of Bermuda Insurers and Reinsurers on January 1. And Mr Huff, formerly president of the National Association of Insurance Commissio...

US tax reforms approved this week by the US Congress will be “credit negative” for the Bermuda re/insurance market, Fitch Ratings says. The US credit rating agency added that it expected the tax reforms, which will take effect from January 1, to ben...

Hamilton Underwriting Ltd has agreed a deal that will see it transfer the legacy book it inherited when it bought Sportscover Underwriting Ltd in 2015. “This transaction enables us to focus on the 2015 and post years of account as we continue to buil...

Aspen Insurance Holdings Ltd has sold its US crop insurance business for $68.4 million and formed a strategic partnership with the buyer. Under the agreement with American agricultural risk-management firm CGB Diversified Services, Aspen has acquired...

“Bionic underwriters” could soon be transforming the insurance industry, combining experienced judgment and human ingenuity, but supported and enhanced by the speed and strength of technology. That was a vision expressed by Albert Benchimol, chief ex...