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A willingness to grow in new lines of business will help to ensure the future success of the Island’s re/insurance sector. This was a key theme that emerged at the Bermuda Insurance Institute’s third annual Bermuda Insurance Market Conference. Organi...

Specialty insurer Hiscox has announced further expansion in their non-property catastrophe business in Bermuda. Based in Bermuda and led by Ian Thompson, the Casualty team will expand on Hiscox’s existing healthcare products with the addition of fur...

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...