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The sale of two arms of its operation is set to boost the undeployed capital at White Mountains Insurance Group to $2.5 billion. Bermuda-domiciled financial services group Symetra has been bought over by Sumitomo Life Insurance of Japan, while reinsu...

Insured losses from the costliest wildfires in the US since 2007 are forecast to exceed $1.1 billion. More than 2,000 homes were destroyed by the most destructive fires to the northwest of San Francisco and southwest of state capital Sacramento. Four...

Willis Group Holdings made a profit of $117 million during the third quarter, helped by rising commissions and fees. The Willis Capital, Wholesale and Reinsurance segment of the business, which includes Willis Re Bermuda, achieved an 8.8 per cent jum...

Bermuda business has launched a campaign to water down proposed tough US legislation aimed at cracking down on hedge fund reinsurers. The Association of Bermuda Insurers and Reinsurers (Abir), led by president and executive officer Bradley Kading, pe...

An earthquake in Chile and the Tianjin explosion in China resulted in $100 million of insured losses for Everest Re Group in the third quarter. The company made a profit of $88.6 million, down from the $274.9 million achieved during the same three mo...

Profits at insurance and reinsurance firm Argo Group rose by more than $1 million in the third quarter compared to the previous year. After-tax operating income for the July-through-September period hit $24.6 million compared to $23.5 million in the ...

Insurance and reinsurance firm Fidelis has announced three new appointments designed to boost its underwriting capability. Nick Burkinshaw has joined the firm from Catlin in London and is the new chairman of specialty at the firm. Ben Savill is Bermu...

Profits at Qatar Inusrance Company fell $24 million to $196 million during the first nine months of this year. However, the parent company of Bermuda-based Antares Reinsurance Ltd has reported strong underwriting results. New written premiums jumped ...

NEW YORK (Bloomberg) — Greenlight Capital Re Ltd posted its third-straight unprofitable quarter on losses in the investment portfolio overseen by hedge-fund manager David Einhorn. The net loss for the period ended September 30 widened to $219.7 milli...

Cyber risks, healthcare and risks associated with medical marijuana were among the insurance issues discussed at the Bermuda Insurance Institute’s (BII) Bermuda Insurance Market Conference. Experts from the Island and overseas gave presentations a...

NEW YORK (Bloomberg) — Damage from Patricia, the strongest hurricane ever measured in the Western Hemisphere, may cost the US billions due to floods after the storm spared the largest cities in Mexico. Flooding in Texas may lead to more than $3 billi...

Pressure on reinsurance pricing could see rates drop lower than previously anticipated, with double-digit reductions possible during the January renewals. That warning was given by Nick Frankland, of Guy Carpenter & Company, at the Baden-Baden Reinsu...