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It’s not even a month into the year and already nearly 50 job losses have been announced in the international business sector, affecting mostly Bermudians. Before the hedge fund industry job cuts were confirmed yesterday by Jupiter and BNY Mellon, th...

PartnerRe Ltd has announced that it expects to record a charge of approximately $120 million in the fourth quarter for the Thailand floods of October and November 2011. This is in line with the company’s previous announcement that its losses related ...

XL Group plc has announced that its wholly-owned subsidiary XL Capital Finance (Europe) plc has repaid at maturity the $600 million principal amount of 6.5 percent guaranteed senior notes due this year.

Bermuda’s re/insurers overall have been able to weather the recent storm of heightened catastrophe losses and should be well-positioned to take advantage of improvements in the underwriting environment, according to a report released by Fitch Ratings...

One of the largest family office investors in Japan has launched a $30-million catastrophe re/insurer in Bermuda. Triton Re was launched as a Special Purpose Insurer (SPI) in December 2011, with a mandate to write property and casualty risks as well ...

Bermuda-based CATCo Investment Management Ltd has announced that Alastair Barbour has been appointed a non-executive director of CATCo Reinsurance Fund Ltd, effective from January 1, 2012.

A shift in the catastrophe bond business from the Cayman Islands to Bermuda has resulted in the Island attracting more insurance companies to set up on its shores. Andre Perez, CEO of Horseshoe Group, said that the reason behind the increase was that...