Log In

Bermuda reinsurer Qatar Re’s financial strength rating has been affirmed at A by AM Best, with a stable outlook. The rapidly expanding company has been a primary growth driver for its owner, Qatar Insurance Company, also rated A by Best. However, in ...

Arch Capital Group’s $3.4 billion acquisition of United Guaranty Group has been approved by the North Carolina Department of Insurance. It was announced in August that the Bermudian-based company would buy the mortgage unit from American Internationa...

More than half a billion dollars of insurance-linked securities and cat bonds have been admitted for listing on the Bermuda Stock Exchange this week. Leo Re Ltd has issued $200 million of Class A participating notes, with a due date of March 2021. Th...

Willis Towers Watson employees in Bermuda, and its charities committee members, have made donations of $1,000 to several local charities ahead of Christmas. The charities benefiting include CARE Learning Centre, Salvation Army, Coalition for the Prot...

A Bermudian reinsurance and wealth-management firm has been linked to a $1 billion fraud case in the US. The Beechwood group, which includes Beechwood Bermuda International and Caymanian-based Beechwood Re, has been impacted after top executives at N...

Allied World Assurance Company operations will not be changed as a result of Fairfax Financial Holdings proposed $4.9 billion acquisition. Prem Watsa, the chief executive officer of Fairfax Financial, has praised the performance of the insurer and re...

Technological innovation is already decreasing back-office and distribution costs in the insurance industry — but its biggest financial impact could come in underwriting. Michael Coles, chief executive officer of Cedent, told delegates at a reinsuran...

A set of ILS securities totalling 255 million euros ($265 million) has been admitted for listing on the Bermuda Stock Exchange. The principal at-risk variable rate notes from Horse Capital I DAC are due in June 2020. There are three tranches of notes...

Canadian investment and insurance company Fairfax Financial Holdings Ltd has agreed to buy Allied World Assurance Company in a $4.9 billion cash and stock deal. The proposed transaction has been unanimously approved by the directors of both companies...

Disruption is coming to the insurance industry — and for those who fail to adapt and innovate, it will be disastrous. That was the consensus among a panel of experts who spoke at a conference in Hamilton yesterday. They described how a transformation...

London insurance insiders yesterday admitted that the City lagged far behind Bermuda in its bid to carve out a slice of the lucrative insurance-linked securities business. Draft UK regulations on ILS were issued last month, and the Prudential Regulat...

The Bermuda Foundation for Insurance Studies aims to raise more than $2 million next year to help fund its programmes. The charity said its endowment fund at present stood at just under $5 million. But David Souter, BFIS treasurer, said that the orga...