Log In

More people are potentially putting themselves at risk by relying on third-party coverage. Since 2004 Colonial Insurance has seen a rise of 100 percent in third-party insurance for cars as people look to cut their bills. The increase is not as signif...

Allied World Assurance Company Holdings, AG has agreed to acquire the Hong Kong and Singapore operations of Royal & Sun Alliance Insurance plc (RSA) for around $215 million. Switzerland-based Allied World, which started up in Bermuda after the 9/11 t...

AM Best is revising its outlook for the reinsurance sector to negative. The ratings agency said that while reinsurers are currently financially strong, they continue to be squeezed by market conditions and low interest rates. “It has become even more...

Bermuda’s insurers and reinsurers are getting better at agreeing terms and conditions with their customers. Yesterday, the 15 participating members of the Association of Bermuda Insurers and Reinsurers (ABIR) reported a record high contract certainty...

Florida is continuing to offload policyholders from its state-backed insurer Citizens onto private insurance companies — potentially boosting business for Bermuda’s reinsurers. Insurance regulators in the Sunshine State have approved four companies t...

Captive insurers are outperforming their commercial counterparts on every key financial measure, according to rating agency AM Best. Captives provide self-insurance for their corporation owners and some write third-party business as well. Best said t...

Standard and Poor’s (S&P) said yesterday that the hedge fund reinsurers philosophy of running a higher risk portfolio in order to underwrite at lower rates could be flawed. The idea that hedge-fund reinsurers will earn higher investment returns than ...

Shares of Bermuda-based reinsurer Third Point Reinsurance Ltd gained nearly four percent in New York trading after posting earnings that beat analysts’ expectations. The company, whose investments are managed by billionaire hedge fund manager Dan Loe...

The Montpelier Re Foundation has awarded scholarships worth a combined $15,000 to two Bermudian students. Meteorology student Michael Cavin Johnston receives $9,000, while the Foundation awarded $6,000 to medical student Erek Tivon McLaine Fox. Both ...