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Ironshore has agreed to buy out America’s twelfth largest surety bond business. The Bermudian insurer already had a 20 per cent stake in Lexon Surety Group and will use cash on hand to purchase the remaining 80 per cent of the firm’s equity. Ironshor...

NEW YORK (Bloomberg) — Aspen Insurance Holdings Ltd hired senior underwriting managers for a new Dubai reinsurance operation as the company seeks expansion in the Middle East and Africa. Peter Thompson, formerly of Assicurazioni Generali SpA, was ass...

Alternative reinsurance capital increased by 12 per cent last year, a rate far ahead of traditional reinsurance capital. The upward trend has taken the alternative capital total to $72 billion at the end of 2015. That’s up $6 billion year-on-year. Si...

Lorraine Seib has been appointed global head of excess casualty at Aspen Insurance. She was previously president of global excess casualty insurance at XL Catlin, and has more than 35 years of experience in the sector. Ms Seib will be based in New Yo...

Bermuda will use a major US conference to continue to differentiate the island from other offshore jurisdictions in the wake of the “Panama Papers” controversy that focused global attention on international financial centres. Ross Webber, chairman of...

Craig Landi has been appointed president of Argo Pro US, part of Argo Group International Holdings. Mr Landi has previously held leadership roles at Arch and Ace, and a number of other insurance companies. He has joined Argo from Freedom Specialty In...

Bermudian-based Hamilton Insurance Group has added a new jobs page to its website. And the firm is highlighting openings for new hires with expertise in analytics and data science. Jobs listed on the new page include a software developer’s post at Ha...

ZURICH (Bloomberg) — Reinsurance prices will continue to fall this year as competition for customers from hedge funds and other sources of alternative capital send premiums to their lowest in four years, according to Swiss Re. “Price reductions have ...

Bermudian-based insurer and reinsurer Iris Re has listed a new class of shares on the Bermuda Stock Exchange. Iris said the new shares, all non-voting preferred shares, will allow qualified investors to take part in its specialised insurance programm...

Bermuda is playing a role in one of the world’s largest natural peril reinsurance deals, helping to support an ambitious programme to address flood risk insurance and reinsurance protection in Britain. The $3 billion Flood Re programme, launched yest...

Oil Insurance Ltd will pay out a dividend totalling $200 million to its shareholders this year. The Bermudian-based mutual insurer, which insures the oil giants who own it, made net income of $30.9 million in 2015 and underwriting income of $56.7 mil...

Oil Casualty Insurance Ltd is diversifying beyond its traditional energy industry market. Ocil, a mutual insurer and reinsurer that is owned by the energy giants whose risks it covers, has been operating from Bermuda for 30 years. But only over the p...