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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...

Some reinsurance bosses believe the industry needs a major catastrophe to thin out a crowded marketplace and to reverse the ongoing trend of falling reinsurance prices. That is something that industry analyst Taoufik Gharib, of Standard & Poor’s Rati...

Alternative capital is likely to survive alongside traditional reinsurance companies as the industry finds an effective balance between the two. That is the view of Lixin Zeng, the chief executive officer of Validus Re’s alternative capital managemen...

Montpelier Re Holdings logged operating income of $40 million for the last quarter, the firm revealed yesterday. The Hamilton-based reinsurance firm took in 86 cents per common share — a shade below analysts’ expectations of 89 cents a share. The fir...

Ace Ltd, Allianz and XL Group, all with significant presences in Bermuda, are among just nine insurance sector players best prepared to manage climate change-related risk, according to US-based advocacy group Ceres. In a report that authors Ceres des...

PRESS RELEASE BF&M and Argus announced today that they will be waiving the right to apply separate deductibles for those unfortunate residential customers who incurred damage during both Tropical Storm Fay and Hurricane Gonzalo. The companies report...

Bermuda insurance firm Freisenbruch Meyer has swung into post-Hurricane Gonzalo mode with military efficiency. The firm’s William Madeiros, a former Bermuda Regiment Major, said: “We’ve got a plan, we’re sticking to it and working our way through.” ...

Allied World Assurance Company Holdings’ profits fell plunged in the third quarter as the company booked nearly $30 million in catastrophe losses. The company, which is based in Zug, Switzerland, and has a substantial underwriting operation in Bermud...

Catastrophe modelling firm AIR Worldwide estimates that insured losses in Bermuda from Hurricane Gonzalo will range between $200 million and $400 million. AIR conducted a damage survey across Bermuda on Sunday and Monday. In a statement, AIR said: “I...

Ace Ltd, Allianz and XL Group, all with significant presences in Bermuda, are among just nine insurance sector players best prepared to manage climate change-related risk, according to US-based advocacy group Ceres. In a report that authors Ceres des...