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Fosun International Ltd, which agreed a $1.84 billion deal to buy Bermuda-based insurer Ironshore earlier this year, aims to build up funds for more acquisitions. The Shanghai-based investment firm, backed by Chinese billionaire Guo Guangchang, propo...

Bermuda will find a way to retain its place as a leading global reinsurance hub amid the sweeping change the industry is undergoing. That is the view of analysts from rating agency AM Best who were speaking on a Global Reinsurance webinar panel yeste...

Bermuda-based reinsurance company Sequant Re has appointed a new chief underwriting officer. Victor Baillargeon, who has 35 years of experience in the industry, will lead the development of the company’s underwriting strategies to allow a range of in...

Bermuda’s Catco Investment Management Ltd is to be acquired by US financial holding company Markel Corporation. Markel will acquire “substantially all of the assets of Catco”, according to a joint statement from the two companies. The deal is expecte...

Barely has the dust settled on the last consolidation deal among insurers and reinsurers, than another one has been agreed. This time it is Lloyd’s of London insurer Amlin that is the acquisition, after Tokyo-based MS&AD Insurance Group Holdings yest...

LONDON (Bloomberg) — Amlin Plc’s $5.3 billion takeover by a Japanese competitor has put the remaining four publicly traded Lloyd’s of London insurers in the spotlight for a possible takeover. Beazley Plc, Bermuda-based Hiscox Ltd, Lancashire Holdings...

Insured losses from the explosions at Tianjin Port, in China, could be as high as $3.3 billion, making it one of the Asia’s biggest insured man-made loss events. A report by Guy Carpenter & Co estimates the potential insured losses to be between $1.6...

A new reinsurance firm has won a top award from an industry magazine in the US. Hamilton Re, part of the Hamilton Insurance Group founded by veteran Brian Duperreault, has been awarded Bermuda Reinsurer of the Year by Reactions magazine. Hamilton Re ...

LONDON (Bloomberg) — Japan’s Mitsui Sumitomo Insurance Co is in talks to buy Lloyd’s of London insurer Amlin Plc in a deal that could be announced as soon as today, according to a person with knowledge of the matter. The acquisition could cost the Ja...

Aspen Reinsurance has appointed Christian Dunleavy as head of global property catastrophe. He takes over the role from Stefan Long, who earlier this year was promoted to head of Aspen Re in London. Mr Dunleavy joined the company today. He previously ...

This year’s El Niño weather phenomenon is the strongest since the record-setting event of 1997-98, and its peak months are still to come. While its impact on insurers and reinsurers is largely unpredictable, indicators are emerging showing billions o...

PartnerRe Ltd is Bermuda’s largest writer of reinsurance and the ninth biggest in the world, according to data published by rating agency AM Best. The company, which wrote $5.93 billion in reinsurance gross premiums last year and recently agreed to b...