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Allied World has reported a 79.9 percent combined ratio for the first quarter of 2014, an achievement which has pleased chief executive officer Scott Carmilani as earnings crushed analysts’ expectations. The Switzerland-headquartered re/insurer’s und...

Aspen Insurance Holdings Ltd’s first-quarter profit rose by nearly a third compared to the same period last year to $120.4 million, as the company trounced Wall Street’s expectations. The Bermuda-based insurer and reinsurer, which is the subject of a...

Member companies of the Association of Bermuda Insurers and Reinsurers (ABIR) saw their profits increase in a year of low catastrophe activity. Releasing 2013 underwriting results on Thursday, ABIR said profits totalled $11.7 billion in 2013 for the ...

Shares of Bermuda reinsurer Platinum Underwriters Holdings Ltd climbed nearly four percent in New York trading on Thursday after the company reported first-quarter net income of $63.7 million. Platinum shares were up $2.35, or 3.9 percent, to close a...

Allied World Assurance Company Holdings, AG is expanding its North American insurance operations with the opening of a branch office in Toronto, Canada. Gord Kerr has been appointed senior vice-president, chief agent and branch manager for the region...

WASHINGTON (Bloomberg) — A bipartisan group of US senators has agreed on legislation to extend the government’s financial backstop of terrorism insurance for seven years. The legislation would raise private insurers’ co-payments to 20 percent from 15...

The Bentley Friendly Society, set up in October of 2012 to provide property, home, automobile and motorcycle insurance, has been told the Transport Control Department (TCD) will no longer accept their certificate of motor insurance documents “with im...

Business interests ranging from Walt Disney to Dow Chemical are among 260 organisations who have signed a letter to the US Congress calling for the Terrorism Risk Insurance Act (TRIA) to be reauthorised. The US Chamber of Commerce rallied those who s...

Freisenbruch-Meyer Insurance Services Ltd.(FMIS) has announced it has been invited to be a member of Assurex Global as the exclusive ‘partner’ in Bermuda. A press release announcing the invitation stated: “After a thorough vetting process, the world...