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NEW YORK (Reuters) - Catastrophe modeller Eqecat released a defence of its loss estimate of $3 billion to $5 billion for last Monday’s Christchurch earthquake, saying its models suggested that would be the incremental damage to the city over and abov...

Global property and casualty insurer Ace Ltd said yesterday it acquired the 49 percent of its Malaysian joint venture that it did not already own, from Advance Synergy Capital Berhad for $39 million in cash. The purchase of Ace Synergy Insurance Ber...

Maiden Holdings Ltd has announced that its wholly-owned US holding company Maiden Holdings North America Ltd has priced the offering of $100 million aggregate principal amount of 8.25 percent senior notes due June 15, 2041. The notes, which are fully...

PartnerRe Ltd has raised $373.75 million on the capital markets after completing a sale of 14.95 million preference shares. The Bermuda reinsurer, which recorded more than $1 billion in catastrophe losses in the first quarter, said yesterday that the...

The Florida Office of Insurance Regulation has signed two consent orders that allow Bermuda-based reinsurers Ariel Reinsurance Co Ltd and DaVinci Reinsurance Ltd to post reduced collateral and operate in Florida as eligible reinsurers. The Consent O...