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LONDON (Bloomberg) — Amlin Plc’s $5.3 billion takeover by a Japanese competitor has put the remaining four publicly traded Lloyd’s of London insurers in the spotlight for a possible takeover. Beazley Plc, Bermuda-based Hiscox Ltd, Lancashire Holdings...

Insured losses from the explosions at Tianjin Port, in China, could be as high as $3.3 billion, making it one of the Asia’s biggest insured man-made loss events. A report by Guy Carpenter & Co estimates the potential insured losses to be between $1.6...

A new reinsurance firm has won a top award from an industry magazine in the US. Hamilton Re, part of the Hamilton Insurance Group founded by veteran Brian Duperreault, has been awarded Bermuda Reinsurer of the Year by Reactions magazine. Hamilton Re ...

LONDON (Bloomberg) — Japan’s Mitsui Sumitomo Insurance Co is in talks to buy Lloyd’s of London insurer Amlin Plc in a deal that could be announced as soon as today, according to a person with knowledge of the matter. The acquisition could cost the Ja...

Aspen Reinsurance has appointed Christian Dunleavy as head of global property catastrophe. He takes over the role from Stefan Long, who earlier this year was promoted to head of Aspen Re in London. Mr Dunleavy joined the company today. He previously ...

This year’s El Niño weather phenomenon is the strongest since the record-setting event of 1997-98, and its peak months are still to come. While its impact on insurers and reinsurers is largely unpredictable, indicators are emerging showing billions o...

PartnerRe Ltd is Bermuda’s largest writer of reinsurance and the ninth biggest in the world, according to data published by rating agency AM Best. The company, which wrote $5.93 billion in reinsurance gross premiums last year and recently agreed to b...

Insurance and reinsurance firm Argo has appointed a new chief risk officer. Alex Hindson has joined the company from Amlin, where he had the same role. Argo chief financial officer Jay Bullock said: “We are excited to have Alex join our management te...

Qatar Reinsurance Company intends to move its headquarters to Bermuda later this year as it redomiciles from Doha, Qatar. The decision has been hailed as “a big vote of confidence” in Bermuda and comes only two years after the company set up a Qatar ...

A $100 million catastrophe bond to cover Turkey against earthquakes has been set up in Bermuda. Now the Turkish Catastrophe Insurance Pool (TCIP) plans to continue to build its relationship with the market. The Bosphorus Ltd bond provides reinsurance...

Blue Capital Global Reinsurance Fund Ltd saw the net asset value of its ordinary shares increase by 1.9 per cent in the first half of this year, after accounting for dividends declared. The company had $212.9 million invested in Blue Capital Global ...

Fitch Ratings believes that the emerging trend of catastrophe bond issuance will catch on in the Asia-Pacific region, particularly for catastrophe-prone markets such as Japan and China. It said this was likely as the region steps up efforts to streng...