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Bermuda’s reinsurers will be among those paying out estimated claims of between $960 million and $1.9 billion related to high winds that battered parts of Western Europe last week. The range represents the preliminary estimate of catastrophe modellin...

Bermuda’s property and casualty re/insurers will likely see their profit margins come under pressure in 2014, according to stock research analysts Keefe, Bruyette & Woods (KBW). In a report published this week, KBW said the sector faced pricing press...

Investors led by insurance industry veteran Brian Duperreault have made a deal to buy out Bermuda reinsurer SAC Re. The company, which was launched with the backing of billionaire trader Steve A Cohen last year, will be renamed Hamilton Re on the clo...

An Island-based international insurer and reinsurer has opened an office in Texas to take advantage of a $100 billion boom in shale oil and gas production. Aspen announced the move to capitalise on the emerging market — and continue its expansion pla...

Five leading executives in Bermuda’s captive insurance industry have been ranked on the “Power 50” list published in Captive Review magazine’s December issue. The London-based publication, with more than 12,000 subscribers, annually selects 50 figure...

Professional services firm PwC is to hold its sixth annual seminar to examine the latest updates in captives, the company has announced. Next Monday’s seminar will look at changes in accounting rules, tax and regulatory matters affecting the captive ...

A Bermuda reinsurance firm has set up a new arm with backing of $65 million. Aspen Re has created Silverton Re, run by Aspen Capital Markets, to tap into new sources of finance. Brian Tobben, managing director of Aspen Capital Markets, said: “This is...

A personal take on setting up shop in Bermuda was the focus of a Bermuda captive breakfast in the Canadian province of Calgary. An audience of top managers were told that Bermuda is strategically positioned near Canada and is the oldest and largest c...

Bermuda’s reinsurers are operating in an increasingly competitive market with margins likely to be squeezed further by a combination of growing competition from third-party capital and decreasing demand for reinsurance. That is the picture painted by...

Bermuda is leading the world in the issuance of insurance-linked securities (ILS). A report published by the Bermuda Monetary Authority shows that $3.5 billion of ILS, predominantly catastrophe bonds, were issued by Bermuda-based Special Purpose Insu...