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ILS Fund Services Ltd. (ILS) has exceeded $1bn in assets under administration just 18 months after the company commenced operations., The company is a Horseshoe Group and ISIS Fund Services Ltd. joint venture, which was founded to provide fund admini...

Zurich Insurance Group, the biggest Swiss insurer, said Chief Financial Officer Pierre Wauthier was found dead at his home this morning. The police are investigating the exact circumstances of his death, the Zurich-based company said in an e-mailed ...

The impact of the Insurance Linked Securities (ILS) market and other convergence vehicles has had a significant influence on pricing now it may offer more cost effective coverage, according to reinsurance specialists. Recent reports have seen such en...

American International Group has agreed to accept $905 million from Brookfield Asset Management to resolve a dispute tied to interest-rate swaps. Brookfield, Canada’s largest alternative-asset manager, said the payment will terminate the swaps and br...

Assured Guaranty and JP Morgan Chase & Co. agreed to settle lawsuits filed by the bond insurer accusing the bank’s EMC Mortgage and Bear Stearns units of making misrepresentations about mortgage-backed securities. Assured Guaranty Corp., a New York-b...

Fairfax Financial Holdings Limited (Fairfax) announced on Monday that it will acquire American Safety Reinsurance Ltd, and then ‘promptly’ sell it on to Catalina Holdings (Bermuda) Ltd. To accomplish this, Fairfax also entered into an agreement with ...

Bermuda is one of sixteen member governments of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) that have renewed their hurricane and earthquake insurance for the 2013/14 policy year that started June 1, the organisation has announced. In a...