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The three-strong team of healthcare reinsurance transferring from Hiscox Re to Ascot in Bermuda are looking to “develop innovative and high-quality products for clients and brokers”. As reported by The Royal Gazette earlier today, the team is transfe...

A healthcare reinsurance team is transferring from Hiscox Re to Ascot in Bermuda. However, the Hiscox group will continue to do healthcare insurance business in Britain and the US. In a statement, Hiscox said: “We have been in discussions with the he...

The attractiveness of Bermuda as an reinsurance centre could take a hit from the “America first” policies of new US President Donald Trump and the Republican-controlled Congress. That is the view of Fitch ratings analyst Brian Schneider, who neverthe...

Financial results for the first nine months of 2016 show the property and casualty insurance industry was less successful when compared to the same period in 2015. That is the finding of commentator Steven Weisbart, using data released by ISO, a Ver...

R&Q Re (Bermuda) Ltd has issued $20 million of floating rate subordinated notes, which are due in December 2023. In a statement, the company said the notes are Tier 2 eligible capital and will increase R&Q Re Bermuda’s statutory capital and surplus t...

OneBeacon Insurance Group is said to be exploring a sale, and there is speculation it could prove attractive to a US buyer if that country’s tax rates are lowered in the near future. Alternatively, it could be an target for a Bermudian-based insurer ...

XL Catlin has appointed Henna Karna as chief data officer. She has previously advised Fortune 500 companies on digital innovation and disruption. Dr Karna has more than 20 years of experience in leading data-driven, digital innovation and positive di...

Fidelis Insurance co-founder Neil McConachie is to step down from his role as group chief financial officer next year. But Mr McConachie, who is leaving for personal reasons, will stay on the board of Fidelis Insurance Holdings Ltd, the holding compa...

Reinsurance capital globally hit a new peak of $595 billion for the first nine months of 2016, which is 5.3 per cent higher than the total at the end of 2015. That is $20 billion higher than the record full year figure for 2014. The ten-year median a...

The trend towards mergers and takeovers is set to continue, predict experts at ratings agency AM Best. “While current markets conditions appear to be stabilising, competition remains intense and quality of earnings under pressure,” the agency said in...

Munich Re, through its Eden Re II Ltd collaterised sidecar, has had about $258 million of insurance-linked securities admitted for listing on the Bermuda Stock Exchange. The Series 2017-1 Class B participating notes, totalling $258,653,050, are due i...

Matthew Isaly has joined Hamilton Re as senior vice-president, head of information systems. It is a newly created position. He will work with Hamilton Re’s management team to set the direction of the company’s core information systems and to execute ...