Log In

Tokio Millennium Re has completed its redomestication from Bermuda to Switzerland. TMR will become registered as Tokio Millennium Re AG, effective yesterday, the company said. It is now looking to establish an operation in the US. Tokio Millennium Re...

Bermuda’s Arch Reinsurance paid the Tennessee Valley Authority (TVA) $42 million to help pay for more than $1 billion in expenses stemming from the cleanup at the 2008 ash spill at the Kingston Fossil Plant. The deal reportedly resolves one of three ...

A Bermuda investment manager is at the forefront of marketing insurance linked securities directly to pension funds. Overseas pension funds are increasingly turning to ILS and catastrophe bonds — once considered an exotic investment for specialists o...

Tower Group International’s shares fell again yesterday on concerns about the re/insurance company’s plans to take hundreds of millions of dollars in charges. Shares fell more than 50 cents, a 13 percent decline, to $3.81 yesterday, a 52-week tradin...

Bermuda-based Tower Group International is reviewing a “range of strategic options” after the re/insurer determined it had to add $365 million to reserves and take a $215 million impairment of goodwill tied to its commercial, specialty and reinsuranc...

In the wake of the Boston bombing and the Kenyan mall attack, Ironshore Inc. has announced that its global terrorism and sabotage programme, to protect against diverse risk exposure worldwide, has increased capacity to up to $300 million. The insuran...

Montpelier Re Holdings is launching a new Bermuda company called Blue Capital Reinsurance Holdings. Blue Capital Re, a property catastrophe reinsurance company, which will invest in insurance-linked securities, filed with the SEC to raise up to $100 ...

A Bermuda-based provider of insurance-linked securities has appointed a new executive. Kane LPI Solutions has picked Matthew Charleson to head up its fund administration services. Kane LPI’s John Uprichard said: “The fund administration sector is a v...

Bermuda is playing a key role in the evolution of the re/insurance market by encouraging the growth and development of insurance securitisation or insurance-linked securities (ILS). This from corporate attorney Lynda Milligan-Whyte, writing in the Se...