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Shares of Bermuda-based insurer Tower Group International Ltd surged more than 30 percent yesterday after the company announced an amendment to its merger agreement with fellow Bermuda company ACP Re Ltd. In Nasdaq trading in New York, Tower shares w...

Bermuda reinsurer Maiden Holdings Ltd’s chief financial officer John Marshaleck has decided to retire at the end of this year, the company announced last night. In the interim, Mr Marshaleck will serve as chief operating officer focusing his efforts ...

Aspen Insurance Holdings Ltd is the subject of a $3.2 billion takeover bid from Bermuda rival Endurance Specialty Holdings Ltd. Last month, the unsolicited $47.50-per-share, cash-and-shares bid was made public by Endurance, whose chairman and chief e...

The largest catastrophe bond transaction in history completed today and was admitted for listing on the Bermuda Stock Exchange (BSX). The $1.5 billion issuance through Bermuda special purpose insurer Everglades Re Ltd, will provide reinsurance covera...

Montpelier Re Holdings Ltd’s book value per share rose nearly six percent during the first quarter as the Bermuda reinsurer benefited from a lack of catastrophe activity. The company posted operating earnings of $72 million, or $1.48 per share, crush...

Robin Spencer-Arscott has been hailed as a “true ambassador for Bermuda” as he was named winner of the Bermuda Insurance Institute’s Lifetime Achievement Award. Bermudian Mr Spencer-Arscott has been heavily involved in organising the Bermuda Receptio...

Hamilton Insurance Group has appointed Keith Bernhard as head of internal audit. In this newly-created position, Mr Bernhard is responsible for developing and executing a risk-based internal audit plan for Hamilton Insurance Group and its subsidiari...

The Palm Beach Post is reporting that state-run insurer Citizens’ board chairman has been twice to Bermuda and once to London as approval was given for the purchase of private reinsurance costing up to $300 million in 2014. Chairman Chris Gardner sho...