Log In

Aspen Insurance Ltd yesterday became the 12th Bermuda-based reinsurer approved for lower collateral requirements by the state of Florida. The Florida Office of Insurance Regulation made the announcement yesterday. The state approves effectively allow...

Serious investing in earthquake mitigation measures for properties need to be made to protect Americans in areas of high seismic risk. That was one of the conclusions to come out of the Seismic Risk Mitigation Leadership Forum, which had Bermuda rein...

Ram Holdings Ltd posted a $13.5 million net loss for the fourth quarter of 2010. This compares to net income of $6 million for the same period in 2009. Net income available to common shareholders for the full year 2010 was $11.8 million or 45 cents p...

LONDON (Bloomberg) Hiscox Ltd, the second-biggest Lloyd’s of London insurer by market value, said first-quarter sales fell eight percent amid a “tough” market. Gross written premiums declined to 453.5 million pounds ($743.4 million) in the year to Ma...

LONDON (Reuters) - British bank Lloyds took a shock £3.2 billion ($5.3 billion) charge yesterday to cover compensation for people sold insurance they could never claim or did not know they were buying. The hefty charge signalled far higher than expec...

NEW YORK (Bloomberg) American International Group Inc., the insurer rescued by the US government, said profit declined 85 percent on costs tied to repaying its rescue and claims from the earthquake and tsunami in Japan. First-quarter net income attri...