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Bermuda’s Third Point Reinsurance has filed paperwork for a potential initial public offering of its shares. The property and casualty reinsurance company is owned by billionaire Daniel Loeb, who is CEO of Third Point LLC. The reinsurance company wa...

Bermuda’s Third Point Reinsurance has filed paperwork for a potential initial public offering of its shares. The property and casualty reinsurance company is owned by billionaire Daniel Loeb, who is CEO of Third Point LLC. The reinsurance company w...

A Bermuda special purpose insurer is behind the first storm-surge catastrophe bond. MetroCat Re Ltd, a Bermuda domiciled special purpose insurer established for issuing series of catastrophe bond notes, has been set up to support the risk transfer ne...

A barrage of litigation could soon be hitting everyone from the US rail company to the Canadian government in the aftermath of the deadly Quebec train crash. XL Group, which has executive offices in Bermuda, has confirmed it was an insurer of train o...

AM Best has placed the ratings of Torus under review with negative implications following the announcement on Tuesday that Bermuda’s Enstar Group has entered into a definitive agreement to acquire the insurer. Both companies are domiciled in Wilming...

Arch Insurance, a member of Bermuda’s Arch Capital Group, has launched a new blogger insurance programme. Partnering with CalSurance Associates, a division of Brown & Brown Program Insurance Services, Arch Insurance said it will provide a new liabil...

XL Group plc announced this evening an approximate $135 million preliminary net loss estimate in the second quarter of 2013, relating to natural catastrophes, according to a press release from the re/insurer. XL Group plc, which is a global insurance...

Bermuda’s Enstar Group, which assumes risks from insurers seeking to exit businesses, agreed to buy Torus Insurance Holdings Ltd for $692 million to expand into direct sales of coverage. Enstar will pay $415 million and Stone Point Capital LLC, led ...

The Bermuda Foundation for Insurance Studies (BFIS) is co-hosting a data breach and cybercrime presentation along with Drinker Biddle & Reath LLP. In a press release announcing the event, BFIS said: “Data breaches and cybercrimes ... continue to gro...

Bermuda’s Enstar Group, which assumes risks from insurers seeking to exit businesses, agreed to buy Torus Insurance Holdings Ltd. for $692 million to expand into direct sales of coverage. Enstar will pay $415 million and Stone Point Capital LLC, le...

Tokio Millennium Re Ltd. (TMR) held its ‘Eighth Summit on Global Warming and Climate Change — Implications for the Insurance Industry’ in Atlanta at the end of June. Tatsuhiko Hoshina, its President and chief executive officer said: “TMR recognises t...