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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...

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...