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Bermuda-based Maiden Holdings, Ltd released its first quarter earnings last night reporting a net income of $20.4 million compared with $19.3 million in the first quarter of 2011. Net operating earnings for the first quarter of 2012 came in at $19.4...

Kevin McCarty, President of the National Association of Insurance Commissioners (NAIC) has said the US has “no intention” of going through a checklist of proposed Solvency II directives, reports the Financial Times. If the US does not achieve "equiva...

Bermuda-based insurer American Safety Insurance Holdings Ltd has agreed to acquire Cayman-based insurer Bluestone Surety Ltd. The company announced yesterday that its wholly-owned subsidiary, American Safety Holdings Corp, has signed a definitive sto...

Willis Holdings Group Ltd reported its latest earnings last night reporting it made a first quarter profit more than six times larger than it made in the same period last year. The global insurance broker posted a net income of $225 million or $1.28...

Hardy Underwriting Bermuda Ltd shareholders have voted to approve CNA Financial Corporation’s proposed acquisition of Hardy. The acquisition is expected to close by the end of the second quarter, subject to regulatory approvals. “We are delighted to...

On the heels of last year’s contingent business interruption fallout from the Japan earthquake and Thai flooding, global modelling firm, AIR Worldwide (AIR), has announced that it has expanded its offerings to include catastrophe-related supply chain...

Everest Re Group yesterday announced a first-quarter profit of $304.7 million as the reinsurer saw strong rate increases. The company’s net income of $5.68 per diluted common share for the period ended March 31 compared to a net loss of $315.9 millio...

Global insurance broker Marsh & McLennan Companies (MMC) has become a minority partner in Bermuda-based insurance asset manager Juniperus Capital Holdings Ltd. Juniperus also announced plans to rebrand itself and expand its current management team. ...