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Britain’s impending departure from the European Union will be good for Bermuda’s reinsurance industry, according to the man at the helm of one of the sector’s leading companies. Kevin O’Donnell, chief executive officer of RenaissanceRe Holdings Ltd, ...

The reinsurance industry needs to play more than just lip service to diversity, a panel warned an industry conference yesterday. And speakers said that the business needed to mobilise and motivate underrepresented groups to ensure it stays relevant a...

Mortgage reinsurance is turning out to be a bright spot in a tough reinsurance market and the growth trend is set to continue, according to a top industry analyst. But Taoufik Gharib, senior director at S&P Global Ratings, added that reinsurers with ...

Hi-tech is the key to ensure the island’s reinsurance industry can compete with new business models, an expert said yesterday. Arthur Wightman, leader of financial services firm PwC and regional insurance and markets leader, explained: “While most re...

A series of new webcasts is to highlight the island’s attractions as a home for captive insurers. The Bermuda Business Development Agency videos are to be released over the next four weeks and are designed to show major corporations of all industries...

Richard Bennison has joined the board of Tokio Millennium Re as an independent non-executive director. He has over 35 years of experience in the financial sector, and has spent the majority of his career with KPMG where he most recently held the pos...

Randall & Quilter Investment Holdings Ltd has entered into an arrangement with the Law Society of Ireland in respect of the run-off obligations of the Solicitors Mutual Defence Fund (SMDF). SMDF was established in 1987 as a mutual fund to provide pro...

Third Point Reinsurance Ltd, the Bermudian reinsurer backed by hedge fund Third Point LLC, posted third-quarter net income of $72.1 million as the value of its investments gained. The profit compared to a net loss of $195.7 million in the third quart...

Insurer and reinsurer Lancashire yesterday posted pre-tax profits of $42.9 million. The figure is $10 million up on the same period last year. Gross premiums written dropped $12.2 million to $108.2 million quarter on quarter between last year and thi...

Maiden Holdings Ltd has reported net income for the third-quarter of $31.8 million. That is up on the $22.5 million recorded for the same period last year. Art Raschbaum, CEO of Maiden, said: “Maiden continued to deliver strong results with a year ov...

Allied World Assurance Company has reported third-quarter net income of $68.6 million. The firm made a loss of $51.6 million in the same period last year. Operating income for the quarter totalled $55.2 million for the quarter compared to $51.1 milli...

Bermudian-based Aspen Insurance has snapped up a Puerto Rico specialist marine insurer. The move to acquire Blue Waters Insurers is designed to support the continued expansion of Aspen’s global marine business by opening up new markets in Puerto Rico...