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Business rivals swapped suits for cricket whites at the weekend in a bid to raise cash for charity. Two teams — one of brokers and one of underwriters — clashed on the cricket field at the National Stadium. One of the organisers, Claire Salmon, a br...

Global insured losses for the first half of this year have plunged to $16.5 billion, which is close to half the ten-year average of $29 billion. That is the finding of Swiss Re, the world’s second-largest reinsurer, in its preliminary estimates for t...

Bermuda has signed up for an international catastrophe insurance scheme designed to cover the Island and the Caribbean for natural disasters. The Island is one of 16 members of the Caribbean Catastrophe Insurance Facility (CCRIF), a not-for-profit sc...

Ratings agency AM Best has withdrawn its rating on Bermuda-based hedge fund-backed reinsurer PaCRe at the company’s request. PaCRe, backed by the John Paulson hedge fund and Validus Re, was placed under review with negative implications in January du...

NEW YORK (Bloomberg) — Hedge fund manager Dan Loeb said he’s looking for opportunities in energy-related debt after oil prices resumed their decline. “Energy is presenting some very interesting opportunities in credit right now,” Loeb said in a confe...

Only a considerable natural disaster or a market disruption is likely to stem the proliferation of mergers and acquisitions now impacting the insurance and reinsurance sector. That is the conclusion of a mid-year report from Guy Carpenter & Co, which...

Reinsurance firm Maiden Holdings has posted profits of $20.5 million for the second quarter of the year. Equivalent to 27 cents per share, the figure is down $5.3 million from the $25.8 million reported for the same period last year (34 cents per sha...

Reinsurance firm Third Point Re saw its profits almost halved in the second quarter of the year compared to the previous year. The company posted profits of $15.7 million for the three months to the end of June — in the same period of 2014, profits a...

Insurance brokerage and risk management firm Integro, which has an office in Bermuda, is to be bought by US private-equity firm Odyssey Investment Partners for an undisclosed sum. The acquisition is expected to be completed in the fourth quarter of t...

Bermuda’s international insurance sector pumped more that $900 million into the Island’s economy last year. The $901.5 million figure was up $14.8 million on 2013. The figures came in the annual economic survey by the Association of Bermuda Insurers ...

Insurance and reinsurance firm Argo Group yesterday reported $27.9 million in profits for the second quarter of the year. The net income was nearly 28 per cent down on the $38.6 million recorded for the same quarter last year. The latest figure is eq...