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Endurance Specialty Holdings has completed its acquisition of fellow Bermuda-based reinsurer Montpelier Re Holdings. The $1.83 billion cash-and-shares deal was announced in March when the boards of directors of both companies unanimously approved the...

Aspen Insurance Holdings yesterday reported profits of $49 million for the second quarter of the year. The figure is equivalent to 62 cents a share, with a corresponding figure of $1.82 for same period in 2014. Operating income after tax amounted to ...

Bermuda-based White Mountains Insurance Group has struck a $2.23 billion deal to sell its Sirius reinsurance arm to a Chinese investment firm. Sirius, based in Stockholm, Sweden, has offices in several countries, including Bermuda. The deal will see ...

Bermuda-based Blue Capital Reinsurance Holdings posted a $5.5 million profit in the second quarter. The figure broke down to 63 cents per share. The firm ended June with a book value per share of $20.59 — a 3 per cent increase for the quarter and a 6...

Market conditions, regulation and cyber risk are seen as the top three risks for Bermuda insurers and reinsurers, according to a new survey. The fifth survey by the Centre for the Study of Financial Innovation (CSFI) indicates how high a concern they...

A Bermuda insurance industry body has written to the US Treasury urging it not to penalise long-established reinsurers as part of its efforts to clamp down on what the US sees as hedge funds masquerading as reinsurance companies to lower their tax bi...

Sixteen Bermuda students have completed an international interns programme designed to prepare them for a career in insurance. The students worked in Bermuda, Atlanta, Chicago and London on attachment to a variety of companies under an ambitious sche...

Zurich International (Bermuda) has donated $15,000 to the Bermuda Foundation for Insurance Studies. The firm has supported the organisation since 1998. “We are very pleased to continue our support of the Bermuda Foundation for Insurance Studies as it...

Profits plunged to $9.5 million at Allied World Assurance Company in the second quarter, down from $151.9 million during the same period in 2014. The company was hit by a mark-to-market loss of $60.1 million on investments, together with a double-dig...

Bermuda’s insurance industry has awarded a massive $445,000 in scholarship funds. The latest round of Bermuda Foundation for Insurance Studies awards to 12 Island students brings the total funding of new and current scholars to $708,000 for 26 studen...