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Traditional reinsurers are facing challenges to their profit margins as capital flows into the market from a variety of sources, including catastrophe bonds, according to Willis Re, the reinsurance arm of Willis Group Holdings. And many reinsurers s...

London has held onto its position as the world’s leading financial centre, but not when it comes to insurance. According to the Global Financial Centres Index 2013 (GFCI 13), New York has taken over the top spot as the most attractive city for insur...

Hiscox Bermuda has expanded its US property catastrophe team with the appointment of Bill Lazzaro as vice president — Underwriting. Reporting to Bevis Tetlow, senior vice president at Hiscox Bermuda, Mr Lazzaro joins from Aon Benfield where he held a...

The Bermuda Monetary Authority in February approved three insurers and one broker to do business on the Island. The new registrants are Mt. Logan Re Ltd., Lorenz Re, Safe Harbor Management Ltd and broker International Specialty Brokers Ltd. Mt. Logan...

With a new name after the sale of Canopius Holdings Bermuda to Tower Group Inc, Canopius Reinsurance is looking to recruit more employees and expand on the Island, the company confirmed. Canopius last week renamed its Bermuda-based reinsurance platfo...

A raft of Bermuda-based and Bermuda-linked insurance and reinsurance companies have seen their stock prices hit one-year highs this week. While the Dow Jones Industrial Average has been posting records this month, reaching an all-time high of 14,547 ...

Allied World has promoted close to 20 percent of its Bermuda staff base so far in 2013, with appointments spanning every level and department of the company. Out of an office of 128 employees, 25 have been promoted, pending immigration approval. The...