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Catalina Holdings (Bermuda) has completed its acquisition of a Swiss reinsurance company. The deal was completed after approval by Swiss regulators for the takeover. Catalina has bought Allianz Suisse Ruckversicherungs-Gesellschaft AG — Allianz Suiss...

Bermuda-based insurance services company Randall & Quilter Investment Holdings Ltd (R&Q) has completed its first deal in Vermont. The deal involves the novation of liabilities from Automobile Dealers Insurance Company, Inc (ADIC), a group captive, to...

Bermuda specialty reinsurer MultiStrat has appointed a former Bank of Bermuda senior manager to its board of directors. Raymond O’Neill — a specialist in asset management — held senior posts at the bank, now HSBC. Bob Furness, chairman and chief exec...

On January 1 Bermuda will be handed a golden opportunity to further differentiate itself as a leading jurisdiction for insurance and reinsurance as Solvency II equivalence ‘goes live’. From that moment, Bermuda (re) insurance companies will be placed...

Bermuda-based Qatar Reinsurance Company has been granted a licence to operate a branch office from the Dubai International Financial Centre (DIFC) in the United Arab Emirates. The approval was given by the Dubai Financial Services Authority and becam...

Two former staff of Montpelier Re have joined Novae Group, and will work for the insurer’s US direct and facultative (D&F) team at the company’s Bermuda office. Keerome Maybury has joined Novae as a senior associate underwriter. He was formerly an as...

An $18 billion merger deal between Willis Group Holdings and Towers Watson has been approved by shareholders in both firms — despite some opposition. A spokesman for Willis, in a statement on preliminary results from the vote, said: “Shareholders of ...

Aspen Re has renewed its special purpose insurer Silverton Re for 2016 with increased capital. Aspen Re is the reinsurance segment of Bermuda-based Aspen Insurance Holdings Ltd and its Aspen Capital Markets division set up Silverton two years ago wit...

Reinsurance firm Blue Capital is to cut its target return by two percentage points. And the levels for a performance fee paid to the investment manager will also be changed — with the performance trigger reduced by two percentage points to eight per ...

Michael Butt, the Axis Capital Holdings chairman, has won a top industry lifetime achievement award. The near-50-year veteran of the insurance industry was given the award at a ceremony in London by Insurance Day magazine. Insurance Day editor Michae...

Bermuda-based insurance and reinsurance company Fidelis has won approval to set up business in London. The new arm of the firm is led by Dan Burrows as UK chief executive officer and will begin underwriting immediately. He is joined by chairman of sp...

Michael Dunkley, the Premier, lined up yesterday alongside the Bermuda Monetary Authority (BMA) team that spearheaded the country’s drive to win European Union equivalence under its Solvency II rules, which puts the Island on an equal footing with Eu...