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Reinsurance veteran Don Kramer’s latest Bermuda start-up venture has got off to a flying start. In its first full year of operations, ILS Capital Management Ltd generated a 19.7 per cent return for investors in its 1609 Fund. The company invests in i...

Bermuda has positioned itself to attract future clients from Latin America and elsewhere after a 20-member delegation attended the World Captive Forum in Florida. The Island’s strong presence at the four-day event in Boca Raton was noted by many of t...

A training programme aimed at helping school pupils on to the career ladder in the insurance and reinsurance industry has taken off. Pupils at the Island’s two senior schools, the Berkeley Institute and CedarBridge Academy, are taking part in the ind...

Many members of the US Congress in catastrophe-prone states oppose President Barack Obama’s plan to raise the US tax burden on foreign reinsurance companies — so it could be years until the issue is resolved. That is the view of Robert DeRose, an ana...

The private insurance market can shoulder more of the risk now taken on by governments — but the spread of affordable insurance is threatened by a protectionist trend. That is the view of Brad Kading, president of the Association of Bermuda Insurers ...

Profits at insurance and reinsurance firm Aspen jumped to $355.8 million last year — up $26.5 million on 2013. The figures came as the firm released its results for the last quarter and full year for 2014. The company also recorded $2,902.7 million i...

A string of companies with Bermuda bases, together with the Association of Bermuda Insurers and Reinsurers (ABIR), have attacked president Barack Obama’s budget proposal to deny tax deductions for reinsurance premiums paid to foreign affiliates. Now ...

A $250 million payoff is on the table if the proposed $11 billion merger between Axis and PartnerRe fails to go ahead. Each firm will be liable to pay a break fee to the other if the deal — which would create the fifth-biggest reinsurance company in ...

Bermuda faces strong competition for lucrative insurance-linked securities business, the Island’s stock exchange chief warned yesterday. Greg Wojciechowski, president and CEO of the Bermuda Stock Exchange (BSX) said that established rivals like the C...