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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...

Registration is now taking place for the Bermuda Insurance Market Conference, taking place on October 17 and 18. Called the premier insurance/education conference, over 150 industry leaders will be offering insights and practical information from loc...

CATCo Investment Management’s investment funds have produced “very satisfactory” performance, according to chairman Nigel Barton in a half-year report released yesterday. CATCo has built a burgeoning share of the retrocessional reinsurance market an...