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International insurance broker Willis Group Holdings has appointed David Spear to co-lead a team specialising in insurance and reinsurance for US healthcare institutions. Mr Spear, who will be based in Bermuda, will be vice-president, senior healthca...

Aurigen Capital Limited has announced it has filed a preliminary prospectus with securities regulatory authorities in each of the provinces and territories in Canada in connection with a proposed initial public offering of its common shares. Accordi...

Allied World’s new managing agency in the Lloyd’s insurance market opened for business in London yesterday. Allied World Managing Agency Ltd received approval from Lloyd’s, the Prudential Regulation Authority and the Financial Conduct Authority to la...

NEW YORK (Bloomberg) — JPMorgan Chase & Co will manage funds for a new Bermuda-based reinsurer that raised $1.13 billion in capital, concentrating the investments in junk bonds. JPMorgan’s Highbridge Principal Strategies LLC will oversee the assets f...

Brand-new Bermuda reinsurer Watford Re is all set to open for business. The multi-line reinsurer’s parent company Watford Holdings said in a statement released yesterday that the company had “raised capital and expects to commence reinsurance operati...