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The new boss of Tokio Millenium Re yesterday said the firm was committed to Bermuda. And Stephan Ruoff, who took over as CEO at the start of the month, said that the Island would continue to play a key part in the firm’s plans. Mr Ruoff said: “Defini...

Reinsurance firm Markel has appointed co-heads of their global operation in Bermuda. Andrew Barnard and Peta White, both managing directors, will jointly run global reinsurance in the Bermuda office. Mr Barnard leads the international property and re...

The chairman of Aspen Insurance, Rupert Villiers, is to step down, the company has said. Mr Villiers, who is also president of Aspen International Insurance, will leave the company at the end of October. He will be replaced as president of internatio...

Almost 20 years after it was established, the Bermuda Foundation of Insurance Studies (BFIS) has matured into a support organisation that is making the most of its own rich alumni to further enhance networking opportunities for new and past members. ...

Aspen Insurance Holdings achieved a profit of $128 million in the first quarter of this year, up from the $120.4 million reported over the same period last year, the Bermuda-based insurance and reinsurance company has reported net income of $1.87 per...

Allied World Assurance Company got off to a strong start in 2015, said president and CEO Scott Carmilani, as he commented on first quarter results that included a combined ratio of 88.1 per cent, up from 79.9 per cent during the same period last year...

Insurance companies Aspen and Starr Companies have joined forces in a joint underwriting agreement concentrating on European industrial firms. The joint operation by the two firms, who both have offices in Bermuda, will be called Aspen Starr Property...

The next big wave of mergers in the insurance industry could involve companies from the Asia Pacific region, according to experts. The news came as financial services firm Deloitte released its 2015 outlook for the insurance and reinsurance market — ...

A visual image of how a spate of mergers and acquisitions will impact the global reinsurance market has been produced by Aon Benfield. It shows a combined XL/Catlin entity moving ahead of Hannover Re, by way of comparison, in rankings based on premiu...

The US and Bermuda reinsurance market outperformed Lloyd’s of London in underwriting last year, according to ratings agency AM Best. The combined underwriting ratio of 87.5 per cent narrowly beat Lloyd’s figure of 88.1 per cent. Lloyd’s, however, had...

Profits fell slightly last year for the member companies of the Association of Bermuda Insurers and Reinsurers (ABIR), the industry body announced. The 19 of ABIR’s 21 members who agreed to be surveyed racked up a combined $11 billion in net income ...