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Executives of Allied World Assurance Company celebrated the re/insurer’s tenth birthday by ringing the bell to signal the start of trading at the New York Stock Exchange last week. CEO Scott Carmilani pressed the button as a group of colleagues appla...

Some 40 participants took part in a 13-mile charity walk to raise money to support insurance-related studies for young Bermudians. The Georgia State University Bermuda Railway Trek, which follows a route from Somerset to Shelley Bay, was hosted by P...

If legislation to increase the US tax burden on Bermuda reinsurers were to pass, American consumers would end up paying more for insurance. That is the view of Hiscox Bermuda CEO Charles Dupplin, who said yesterday that with the ever-increasing press...

Reinsurers may increasingly invest with other people’s capital rather than their own, according to industry experts. Multiple pressures on traditionally structured reinsurance companies, from investors, ratings agencies and regulators, is likely to l...

The barriers for Bermuda reinsurers doing business in the US are set to be lowered after regulators recommended a reduction of collateral requirements. The National Association of Insurance Commissioners (NAIC) approved the change that will significa...

Bermuda still retains and may well be gaining some competitive advantage over its many of its rivals and is now effectively the world’s number one capital centre for wholesale capital for risks within the insurance industry. That is according to Mich...

Tokio Millennium Re Ltd’s financial strength rating has been upgraded to A++ (superior) from A+ (superior) and its issuer credit rating to “aa+” from “aa-” by AM Best Co. The outlook for both ratings is stable. Tokio Millennium is a wholly-owned subs...

Bermuda-based reinsurer Q Re is set to close after billionaire backer George Soros unexpectedly pulled his funds. The decision to close was taken on Wednesday, according to a report in London-based Trading Risk. Q Re was founded last year by two for...