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Ratings agency AM Best has maintained its rating of Bermuda-based Maiden Holdings after the company revealed it would be up to 15 days late in filing its annual report for last year. AM Best said reinsurer Maiden’s long-term issuer credit rating of b...

XL Group estimates it will face a $75 million impact on its carried reserves as a result of a decrease in the discount rate used to calculate lump sum awards in British bodily injury cases. The Bermudian-based company said impacts on its insurance se...

A combined total of 150 students and insurance professionals took part in speed networking sessions on three days last week. Since 2014 the Bermuda Foundation for Insurance Studies has been holding these opportunities each February for high school se...

Maiden Holdings Ltd made a net loss of $74.7 million in the fourth quarter of last year as the company had to bolster reserves for its commercial auto line of business. The Bermudian reinsurer said the $120.4 million charge included a provision for a...

Losses from Hurricane Matthew and the Kaikoura earthquake in New Zealand were mostly responsible for a $71 million dip in fourth-quarter profits for Endurance Specialty Holdings. The company reported net income of $20.1 million, or 30 cents per dilut...

NEW YORK — Hedge fund manager Dan Loeb, seeking to recover from years of underperforming the S&P 500 Index, said he’s optimistic about his approach in the Donald Trump era, as many stocks still have room to advance after the post-election rally. “I’m...

Two new members have joined the board of Bermudian-based Argo Group International Holdings. Dee Lehane and Al-Noor Ramji both have a background in insurance. Ms Lehane was previously managing partner Global Insurance Industry for Accenture, where she...

Chief risk officers have become firmly established within Bermuda’s re/insurance companies, a survey reveals. EY’s first survey of the island’s insurance CROs found that 100 per cent of respondents had unfettered access to the Board, Risk and Audit C...

John Berger is stepping down as chief executive officer of Bermudian reinsurer Third Point Re at the end of this month, the company announced. He will remain with the company as chairman of the board and the Underwriting Committee. He will be replace...

Bermuda’s Ironshore has boosted its insurance capacity for terrorism and sabotage coverage to $400 million. The increase is $25 million up on the previous $375 million available to clients. Quentin Prebble, director of Pembroke Managing Agency Limite...

Women in Reinsurance is hosting a salary negotiation seminar next week to help industry professionals learn strategies and techniques to assist them in negotiating their compensation packages. The lunchtime presentation will be led by Sylvia Jones, d...

Bermuda leads the way as the world’s top jurisdiction for captives, with more than 780 on the island. But it is not resting on its laurels. It did that before, but learnt a lesson. Today, vigilance and awareness are uppermost in the mind of Grainne R...