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Matthew Isaly has joined Hamilton Re as senior vice-president, head of information systems. It is a newly created position. He will work with Hamilton Re’s management team to set the direction of the company’s core information systems and to execute ...

Reinsurance rates are struggling to stabilise due to profitable results achieved in 2016 and a continuing capital oversupply. That is the assessment of Willis Re, the reinsurance advisory business of Willis Tower Watson. And it has noted that while m...

Almost $190 million of insurance-linked securities have been admitted for listing on the Bermuda Stock Exchange. Three tranches of notes have been issued by Willis Capital Markets & Advisory’s Resilience Re Ltd issuance platform. A $101 million pl...

A subsidiary of Bermudian-based insurance group Randall & Quilter Investment Holdings has bought up a Liechtenstein insurance company from its Swiss owners. R&Q Insurance (Malta) has acquired all the issued share capital of Clariant Insurance AG, own...

Bermudian-based insurance and reinsurance firm Enstar has bought an engineering company for $91.5 million. The buy-up of US-based Dana Companies, a vehicle drivetrain, sealing and heat management technology specialist, is international operator Ensta...

Natural catastrophes losses last year ticked upwards to $175 billion, the highest level in four years and up two-thirds on the 2015 figure. Only 30 per cent of losses, about $50 billion, were insured, highlighting there has been virtually no change i...

Catastrophe bonds hit a $26.82 billion record last year — a new record since the category was launched more than 20 years ago. The outstanding cat bond market was pushed to the new height by more than $7 billion in new cat bonds and insurance-linked ...

A Bermudian-based catastrophe bond has passed its attachment point with an impact of more than $195 million at the end of November, it was reported. The attachment point for the $200 million cat bond — the stage at which qualifying losses start to er...

Insurance-linked securities and catastrophe bonds listing this month on the Bermuda Stock Exchange have sailed over the $1.5 billion mark. That end of year flurry of listings means there are 58 ILS securities listed on the local exchange, the same nu...

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...