Log In

Everest Re Group saw its fourth-quarter profit jump 43 percent to $58.8 million compared to $41 million in the 2011 quarter — despite Hurricane Sandy and record crop losses. For the whole of 2012, Everest reported net income of $829 million, or $15.7...

Bermuda re/insurer Argo Group International Holdings Ltd made a loss of nearly $5 million in the fourth quarter, owing to claims related to Hurricane Sandy. The company said last night that all of its estimated pre-tax catastrophe losses of $47.9 mil...

AM Best Co has lowered the outlook on the ratings of the operating subsidiaries of Bermuda-based American Safety Insurance Holdings Ltd (ASI) to negative from stable. The ratings agency said the change reflected “unfavourable underwriting results rep...

Oil Casualty Insurance, Ltd (OCIL) has announced the introduction of a new line of insurance. Beginning in December, the company began writing all risk property insurance on a direct and facultative reinsurance basis for energy companies. OCIL’s div...

Bermuda-based Kalista Global, an insurance and reinsurance services company with a focus on the alternative reinsurance sectors, has partnered with Bermuda-based New Grange Brokers to launch a type of parametric index-based insurance weather product....

Hearings continue this week within the Florida state legislature to discuss the potential downsizing of the Citizens Property Insurance Corporation — a move that would greatly benefit Bermuda’s reinsurance market. Citizens, in theory was created to a...