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Neill Currie has been appointed executive chairman of Bermudian-based Ascot Group Limited. He was previously CEO of RenaissanceRe Holdings Ltd, which he cofounded in 1993, and led from 2005 until his retirement in 2013. Ascot Group holds Ascot Underw...

Lion II Re has listed securities valued at 200 million euros ($227 million) on the Bermuda Stock Exchange. The principal at-risk variable rate notes will become due in July 2021. The catastrophe bond is said to be sponsored by Italian insurer Assicur...

Tony Belisle has extended his contract as chief executive officer of Markel CatCo Investment Management Ltd by a further two years. His contract was had been due to end on December 31 next year, it has now been extended to the end of 2020, after whic...

Randall & Quilter Investment Holdings Ltd has announced two loss portfolio transfer reinsurance contracts in successive days. The deals will transfer around $90 million in undiscounted liabilities to the Bermudian-based insurance services and investm...

Investment manager Blue Capital yesterday said the firm had nearly $174 million in Blue Capital Global Reinsurance after the June renewal period. The company’s total investment after the renewals is down $17.3 million year on year. Mike McGuire, chie...

A study has revealed how the importance of embracing digitalisation is creating leaders and laggards across the business world. Sponsored by XL Catlin, the Harvard Business Review Analytic Services study, entitled Operationalising Digital Transformat...

Umer Islam has been appointed as leader of EY’s captive insurance practice. Mr Islam, the professional services firm’s Bermuda executive director, has more than 14 years of experience providing assurance and advisory services to insurance and reinsu...

Island-based investment manager HSCM Bermuda has invested $20.1 million in preferred shares in a reinsurance vehicle that will take over $35.3 million of seasoned workers’ compensation liabilities. The deal, on behalf of an unnamed company, was arran...

Hamilton Re has launched its first special purpose vehicle with backing of $65 million. Turing Re will provide collateralised capacity for its parent firm’s global reinsurance portfolio. Kathleen Reardon, CEO of Hamilton Re, said: “This transaction r...

The catastrophe bond market has swollen to an all-time high of $29 billion, as growth in the insurance-linked securities sector continues at record-breaking pace. Issuance for the year through June 1 was $8.15 billion — by far the highest figure reco...

Cyber-risk is the top concern for Bermuda’s insurance market, followed by increasing regulation and political interference, according to a global survey. The island’s insurers and reinsurers have strong concerns about the threat of political interfer...

Confidence in American International Group has grown in the two weeks since Brian Duperreault was appointed chief executive officer. The giant insurance company’s share price has risen 3.7 per cent, from $61.82 to $64.10, since the Bermuda-born CEO t...