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A UK specialist non-life insurance investor company is proposing to redomicile to Bermuda this year. Randall & Quilter (R&Q), which acquired Bermuda’s Quest Group of captive management companies in 2008, is seeking to move its holding company to the ...

It has been a strong start to the year for Montpelier Re, with the company recording a net income of $96.6 million for the first quarter. Taking into account dividends declared, the converted book value per common share has risen to $27.49, an increa...

Brit Insurance has acquired the renewal rights and underwriting platform of Bermuda-based Maiden Holdings Ltd’s excess and specialty unit. The terms of the deal have not yet been disclosed, but Amsterdam-based Brit’s global specialty unit will assum...

The number of new re/insurers setting up in Bermuda has nearly doubled year over year with 13 new companies incorporating in the first quarter of 2013 — eight of them in March alone. This is marked increase from the seven new insurers registered dur...

Bermuda-based Ironshore Inc. has launched a new service that will provide companies with coverage for crisis situations that pose potential public-image risks. The product, “Ironshore CrisisShield,” will be provided through the insurer’s US professio...

Asset management group Schroders is moving into the insurance-linked securities (ILS) space. The UK-listed asset manager with operations here in Bermuda has bought a 30 percent stake in Switzerland-based ILS and reinsurance investment fund manager, S...

Bermuda-based Platinum Underwriters reported a net income of $86.5 million for the first quarter of 2013. The reinsurer attributes its $2.63 per share profit for the quarter to no losses from major catastrophes in the first three months of this year....