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It is one of the biggest buys ever made by the Japanese insurance firm. Michael Watson, chairman and CEO of Canopius, said: “We have a long-standing business relationship with the NKSJ Group and are very proud to become the specialist insurance platf...

The Bermuda Foundation For Insurance Studies (BFIS) received an early Christmas present in the form of a donation of $15,000 from Bermuda-based insurance company Lancashire. John Ringold, Lancashire’s Bermuda operations manager said: “We are delighte...

Home Affairs Ministers Michael Fahy has praised an internship programme for Bermudians, which was launched this week by the Lancashire Foundation. Senator Fahy described the scheme, which will see two college graduates sent to Lancashire Holdings Ltd...

NEW YORK (Bloomberg) — Funds specialising in insurance-linked risks such as catastrophe bonds are benefiting as the $30 trillion pension industry increases bets in a market that hasn’t posted an annual loss. At Leadenhall Capital Partners in London, ...

Bermuda needs to roll out the red carpet at home and abroad to attract new business, a major seminar on captive insurance heard yesterday. And the key to attracting more business from the booming markets of Latin America is personal visits, as well a...

Bermuda’s reinsurers will be among those paying out estimated claims of between $960 million and $1.9 billion related to high winds that battered parts of Western Europe last week. The range represents the preliminary estimate of catastrophe modellin...

Bermuda’s property and casualty re/insurers will likely see their profit margins come under pressure in 2014, according to stock research analysts Keefe, Bruyette & Woods (KBW). In a report published this week, KBW said the sector faced pricing press...

Investors led by insurance industry veteran Brian Duperreault have made a deal to buy out Bermuda reinsurer SAC Re. The company, which was launched with the backing of billionaire trader Steve A Cohen last year, will be renamed Hamilton Re on the clo...

An Island-based international insurer and reinsurer has opened an office in Texas to take advantage of a $100 billion boom in shale oil and gas production. Aspen announced the move to capitalise on the emerging market — and continue its expansion pla...

Five leading executives in Bermuda’s captive insurance industry have been ranked on the “Power 50” list published in Captive Review magazine’s December issue. The London-based publication, with more than 12,000 subscribers, annually selects 50 figure...

Professional services firm PwC is to hold its sixth annual seminar to examine the latest updates in captives, the company has announced. Next Monday’s seminar will look at changes in accounting rules, tax and regulatory matters affecting the captive ...