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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...

Steven A. Cohen, the billionaire founder of SAC Capital Advisors LP, is seeking a buyer for the reinsurer in Bermuda he formed last year as his hedge fund fights US insider-trading charges, Bloomberg reports, citing a person familiar with the matter....

The Lloyd’s of London insurance market saw its pre-tax first-half profit decline as falling bond prices hit investment returns, offsetting robust trading by its members. In a trading statement today, Lloyd’s said that investment returns fell to 247 m...