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Insurance workers have come together to present $1,000 to two charities over the festive period. The Chartered Property Casualty Underwriter (CPCU) Society donated $500 in food vouchers to the Eliza DoLittle Society and $500 to the Women’s Resource C...

A new reinsurance company has launched in Bermuda with the aim of expanding the reach of insurance-linked securities (ILS). Sequant Re Holdings Ltd announced today that its new Class 3 Bermuda reinsurer had completed its financing. The company said S...

A flood of alternative capital into reinsurance could cause instability and put the industry’s reputation at risk. And XL Group CEO Mike McGavick called for a renewed focus to enhance “trust in the system”. Mr McGavick said at a conference in Bermuda...

Bermuda-based Third Point Re is to launch a US subsidiary, the firm announced yesterday. Jonathan Norton has been hired in a dual role which we will see him become chief reserving actuary in Bermuda while spearheading the new business with another ne...

Fitch Ratings believes that merger and acquisition (M&A) activity may gather pace in the reinsurance sector after RenaissanceRe Holdings struck an agreement to acquire fellow Bermuda reinsurer Platinum Underwriters Holdings last month. Fitch said in ...

A Bermuda businessman has made the top ten of a list of 50 of the major power brokers in captive insurance. Peter Mullen, the chief executive of Aon Captive and Insurance Management, is the highest placed of five Island business chiefs to make the li...

A one-time leading figure in Bermuda reinsurance, Kenneth LeStrange, has re-entered the market as the new chairman of Florida-based Orchid Underwriters Agency, LLC, industry media are reporting. The appointment comes after a management buy-out of th...

Bermuda-based Hamilton Insurance Group has snapped up a Lloyd’s managing agent and a City insurance broker. The double acquisition gives Hamilton a major presence at the Lloyd’s of London market through leading sports and leisure insurance company Sp...