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Bermuda-based re/insurance management consultancy, Horseshoe Group, has announced they have selected Eurobase Insurance Solutions to provide the company’s new underwriting platform. Named synergy2, the new system will allow the Horseshoe Group, which...

Canopius Group’s Bermuda reinsurance platform, Omega Specialty Insurance Limited, has been renamed Canopius Reinsurance Limited. The change comes hot on the heels of last week’s sale of Canopius Holdings Bermuda Limited and its merger with Tower Grou...

Canopius Group Ltd. posted a pretax profit of £49 million ($73.9 million) for 2012, compared with a loss of £61 million ($95.6 million) for 2011, the company announced yesterday. The privately held Guernsey-based insurer and reinsurer, whose Bermuda ...

The board of Bermuda-based, American Safety Insurance Holdings, has indicated that the company is exploring “strategic alternatives, including a potential sale of the company”. The insurer has turned to Bank of America Merrill Lynch to advise on its ...

Bermuda-based Montpelier Re Holdings Ltd. has announced it will issue a quarterly dividend on both its common and preferred shares. The company declared a dividend of $0.115 per common share and a quarterly dividend of $0.554688 per 8.875 percent non...

State-backed insurer of last resort Florida Citizens is looking to bring another catastrophe bond issuance to market via Everglades Re. According to insurance website Artemis, the transaction has an initial size of $250 million which would cover Flor...

Oil Insurance Limited (OIL), which has offices in Bermuda, announced yesterday the launch of the OTA (Oil Technical Accreditation), OIL’s innovative online technical accreditation course for members and global energy brokers. The OTA is OIL’s first e...

Lancashire Holdings has announced the appointment of Darren Redhead as head of Lancashire Capital Management division after the sudden departure of Simon Fascione last week. Mr Redhead previously served as the chief underwriting officer of DE Shaw Re...