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Bermudian insurance-linked securities group Horseshoe has yesterday sponsored at $20 million insurance-linked security, listed on the Bermuda Stock Exchange. The listing is issued by Eclipse Re, a new company designed to bring turnkey reinsurance ILS...

Rate reductions are slowing in the reinsurance market, a report by Willis Re said yesterday. The international reinsurance advisory firm, part of Willis Towers Watson, added that the changes came as managers face “the buffers of tighter regulation, b...

Lloyd’s of London has fined Amlin Underwriting Ltd £630,000 ($786,600) for breaches of the Lloyd’s Premium Trust Deed (PTD) and for failings in its response to those breaches. Following a restructure of the Amlin group in 2014, which AUL is part of a...

US insurer Allstate is behind a new $375 million cat bond to be listed on the Bermuda Stock Exchange. The BSX announced yesterday that the Sanders Re 2017-1 cat bond had been admitted for listing. The bond will cover Allstate and its subsidiaries ag...

In a search for greater diversity and income potential in the face of competition and unattractive economic conditions, reinsurers that in the past had not had a significant primary insurance component appear to be moving in that direction. “We are s...

Jonathan Kent, Business Editor Bermuda’s re/insurance market is battling against deteriorating profitability in a tough market, according to analysts from rating agency AM Best. But balance sheets remain strong and companies have reduced their risk e...

Japanese insurance giant Sompo has listed a $480 million catastrophe bond on the Bermuda Stock Exchange. The BSX announced the Aozora Re 2017-1 issuance’s admission for listing yesterday. The bond will provide Sompo with a four-year source of collate...

Oil Casualty Insurance notched up net income last year of $1.7 million — its sixth consecutive year of profit. The company reported written premium of $166 million for the year ended November 30 last year, an increase of $14 million on 2015. And audi...

A specialist Lloyd’s of London insurer has teamed up with Bermuda’s Fidelis Insurance in a quota share agreement. The agreement covers Lloyd’s Syndicate 2007’s US property catastrophe treaty excess of loss portfolio for this year. Richard Holden, hea...

Colonial’s wellness programme has received a makeover and a new name in a bid to get more people off the couch. Since the insurer introduced the programme it has seen more than 5,000 participants in more than 60 companies leading a healthier lifestyl...

Oil Insurance declared a $62 million underwriting loss for last year at its annual meeting last week. The company said, after including net investment income and administrative expenses, net income for the year totalled $210.4 million. Oil’s board of...

Bermuda Business Development Agency leads an industry delegation to Santiago, Chile and Lima, Peru next week to host executive forums on the value of Bermudian-based captive insurance. The regional outreach includes meetings with prospects and servic...