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Bermuda-based CatCo Investment Management has announced it is establishing a retrocessional loss reserve for the expected impact of hurricane Sandy. The specialist reinsurance-linked investment manager, which manages an estimated $2 billion of retro...

Ace Bermuda has just announce a new insurance internship for Bermudian university students. Ace Select is a paid internship that will run from May 27 through August 9 of next year. It will be offered to just six students interested in pursuing a car...

Equity investors in the UK have put more than $100 million into Montpelier Re’s new Blue Capital Global Reinsurance Fund, which completed its first share offering this week. Montpelier provided $50 million of the $100 million allocated to the fund wh...

Bermuda has moved “ahead of the rest” by showing international leadership in the field of global insurance regulation. That is the view of Karel Van Hulle, the architect of the European Union’s Solvency II enhanced regulatory regime for insurers, who...

The office of US Representative Eleanor Holmes Norton has confirmed that she is looking to reintroduce a bill that would bring tax advantages for re/insurers who base there and potentially turn Washington DC into ‘Bermuda on the Potomac’. The new dra...

Montpelier Re has launched a third-party managed catastrophe reinsurance fund on the London and Bermuda Stock Exchanges. The fully collateralised reinsurance and retrocessional linked investment fund will be launched in the market through the Bermud...

It used to be that whenever there was a large catastrophe in the US, investors would scramble to set up a reinsurance company in Bermuda. But those days may be over, according to analysts from ratings firm AM Best. Speaking at the AM Best’s 2012 Ber...

XL Group CEO Michael McGavick has been elected as the new chairman of the board for the Association of Bermuda Insurers and Reinsurers (ABIR), effective January 2013. He succeeds Arch Capital Ltd’s president and CEO Constantine (Dinos) Iordanou who ...

Claims related to Hurricane Sandy appear set to be split almost 50-50 between primary insurers and reinsurers, according to a report by DowJones. The report cites estimates from JP Morgan, which estimates Sandy will cost the industry up to $25 billi...

The Bermuda Insurance Development Council (IDC) has recognised insurance industry volunteers who became Island “ambassadors” at the Bermuda exhibit during the week of the Risk & Insurance Management Society (RIMS) Conference in Philadelphia this past...