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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...

Insurance and reinsurance firm Argo has appointed a new chief risk officer. Alex Hindson has joined the company from Amlin, where he had the same role. Argo chief financial officer Jay Bullock said: “We are excited to have Alex join our management te...

Qatar Reinsurance Company intends to move its headquarters to Bermuda later this year as it redomiciles from Doha, Qatar. The decision has been hailed as “a big vote of confidence” in Bermuda and comes only two years after the company set up a Qatar ...

A $100 million catastrophe bond to cover Turkey against earthquakes has been set up in Bermuda. Now the Turkish Catastrophe Insurance Pool (TCIP) plans to continue to build its relationship with the market. The Bosphorus Ltd bond provides reinsurance...

Blue Capital Global Reinsurance Fund Ltd saw the net asset value of its ordinary shares increase by 1.9 per cent in the first half of this year, after accounting for dividends declared. The company had $212.9 million invested in Blue Capital Global ...

Fitch Ratings believes that the emerging trend of catastrophe bond issuance will catch on in the Asia-Pacific region, particularly for catastrophe-prone markets such as Japan and China. It said this was likely as the region steps up efforts to streng...

Amlin is not looking for a buyer, its chief executive officer Charles Philipps said in a conference call yesterday. The London-headquartered insurer and reinsurer, which has an office in Hamilton at 141 Front Street, has been the subject of buyout ru...

MADRID (Bloomberg) — A rare insurance deal gave Borussia Dortmund, Germany’s only publicly traded football club, a financial boost even as the team had its worst performance in the Bundesliga championship in seven years. Dortmund finished seventh in ...

Almost 40 women with prominent positions in the insurance and reinsurance sector in Bermuda have been featured in a special edition of the trade magazine Bermuda: Re+ILS. In its ‘Influential Women of Bermuda’ edition, the magazine profiles 38 women i...

The holding company for two Bermuda firms is to discontinue in Bermuda and base itself in Switzerland. Canopius Holdings Ltd announced it would make the move in a statutory notice in The Royal Gazette this week. But Stephen Hartwig, CEO of Canopius i...

The president and CEO of Blue Capital Management has quit in the wake of the merger between Montpelier Re and Endurance. Blue Capital Management, now part of Endurance, said that William Pollett had resigned. Mr Pollett, who was also treasurer and co...