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Montpelier Re Holdings Ltd has announced that Clement Dwyer has resigned from the company’s board of directors, effective from September 30, 2011. Mr Dwyer has served on the board since 2006. Michael Eisenson has been appointed as his replacement, e...

Bermuda’s business leaders were out in force at the Captive Live USA conference held in Chicago this week. The event, which was sponsored by Business Bermuda and ran from Monday to Tuesday, was attended by Shelby Weldon, director of insurance licensi...

Ace has managed to cut its electricity bill by 12 percent compared to five years ago in the process of becoming Bermuda’s first LEED (Leadership in Engineering and Environmental Design) certified building. The Ace Building, which received LEED Gold c...

British American policy holders want to know why they still haven’t been paid two years after the insurer went into receivership. Shawnette Somner accused the liquidators of giving her and thousands of other out-of-pocket policy holders “the runaroun...

Argo Group International Holdings Ltd has announced the formation of an new insurance operation in the heart of the Dubai International Financial Centre (DIFC). The new company Argo Re (DIFC) Ltd is a subsidiary of Argo Re Ltd in Bermuda, and a fully...

Bermuda-based Validus Holdings Ltd has a agreed a confidentiality agreement with US reinsurer Transatlantic Holdings, Inc. The deal clears the way for Validus, which made a takeover bid of $47.41 per share for Transatlantic last month, to exchange no...

More than 100 budding young insurance professionals turned out to receive their newly-attained qualifications at the Bermuda Insurance Institute’s (BII) Insurance Education Awards Luncheon held at the Fairmont Hamilton Princess yesterday. A total of ...

Bermuda-based Torus Insurance Holdings Ltd is set to buy its way into the Lloyd’s of London market after agreeing to purchase Broadgate, which underwrites through syndicate 1301, from Clal Insurance Enterprise Holdings. Torus will retain Broadgate’s ...

Bermuda re/insurer Montpelier Re Holdings Ltd has agreed to sell its US excess and surplus lines business to Selective Insurance Group in a deal worth $55 million. The sale of Montpelier US Insurance Company (MUSIC) will allow the company to allocate...

XL Insurance, the global insurance underwriting operations of XL Group plc, has announced an increase in its property insurance capacity from $600 million to $750 million. Joseph Tocco, head of XL Insurance’s North America Property unit, said: “More ...