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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...

A Los Angeles-based firm has launched a new Bermuda reinsurer. Crabel Re, set up by global alternative investment firm Crabel Capital Holdings, will use the Multi-Strat Re platform for its underwriting and reinsurance operations. The move allows Cra...

Stephen Catlin, chief executive officer of Catlin Group Ltd, has been elected chair of the Association of Bermuda Insurers and Reinsurers (ABIR), for a two-year term beginning January 1, 2015. Mr Catlin succeeds XL Group plc CEO Mike McGavick who com...

The insurance industry will have to look at the risk involved in the aviation war sector, an expert warned. Michael Millette, partner and managing director at US-based banking giant Goldman Sachs, said hundreds of millions of dollars in losses after ...

‘The capitalisation of the reinsurance industry in five years’ was the topic discussed a panel of industry leaders at the ILS Bermuda Convergence 2014 conference at Pier Six yesterday. The moderator for the discussion was Paul Schultz, chief executiv...

Bermuda has been recommended for approval as a qualified jurisdiction by a working group of the US regulatory support organisation the National Association of Insurance Commissioners (NAIC). If the recommendation is approved, it will reduce collater...

RenaissanceRe Holdings Ltd’s Peter Durhager is to step down as chief administrative officer (CAO), while Jeff Kelly is to become chief operating officer (COO), the Bermuda reinsurer said today. A press release making the announcement stated that Mr D...

The Bermuda insurance market writes £25 billion of business, which makes it more than half the size of the dominant London market, now at a “tipping point” with its position “under threat,” according to a just-released study reported in the London Ma...