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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...

Argo Group International Holdings has announced net income of $55.2 million for the third-quarter — up nearly $21 million on the same period in 2015. The figure is equivalent to $1.80 per common share, compared to $1.13 a year ago. Operating income f...

The City of London and Bermuda should work together to grow the insurance-linked securities market, an expert said. Steve Evans, who owns the respected specialist online magazine Artemis, said that accusations by Inga Beale, the CEO of Lloyd’s of Lon...

Bermuda yesterday hit back after the chief executive officer of Lloyd’s of London said Bermuda “stole” the insurance-linked securities market from the city. Ms Beale, speaking at an insurance industry conference in Germany earlier this week, said: “F...

The key to riding out a soft market in reinsurance is profitable growth, a top executive at Bermuda-based Qatar Re argues. And Luke Roden, head of ceded reinsurance and global head of catastrophe at Qatar Re, which redomiciled to Bermuda less than a ...

Regional economic and investment headwinds, together with softening trading conditions have impacted the performance of Qatar Insurance company during the first nine months of this year, but not enough to stop it boosting its profit for the period by...

Vehicles without the human touch could pose a future risk to the insurance industry, a legal expert in the field has warned. Richard Geddes said that pilotless drones, driverless cars and risks from cyber attacks on the technology that runs automated...

Sandell Holdings Ltd, the parent company of a Bermuda reinsurer, has listed $53 million of shares on the Bermuda Stock Exchange. And after advising Sandell through the process, Estera and law firm Appleby are hopeful that more commercial insurers wil...

Reinsurance firm Somerset Re has raised it share capitalisation to $375 million, with help from a group of investors. Somerset Re said three strategic investors and a group of wealthy individual investors had put up capital. Somerset Re, formerly kno...

Insurance company BF&M Ltd wore its heart on its sleeve yesterday, and it was not alone. Hundreds of people joined the BF&M 20th Anniversary Breast Cancer Awareness Walk, helping to spread the word and boost the fundraising effort that during the pas...

A group backed by Bermuda reinsurers has called on US presidential candidates Hillary Clinton and Donald Trump to back moves to switch American focus to mitigating risk from natural disasters. SmarterSafer, whose members include consumer advocates, ...