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Reinsurance executives gathered in Monte Carlo this week believe there are good reasons why property and catastrophe rates should rise but there is less confidence that there will be any broader market turn. Massive catastrophe losses, estimated as h...

The Bermuda Stock Exchange (BSX) has announced that the value of Insurance Linked Securities (ILS) listed on the BSX has doubled in the past year and has now surpassed the $2 billion mark for the first time. The Exchange has been striving to attract ...

Bermuda-based Omega Insurance Holdings Ltd has agreed to sell a quarter of its shares to Mark Byrne’s Haverford (Bermuda) Ltd. Haverford will buy up to 60 million shares in the insurer in a tender capped at 83 pence ($1.32) per share, a premium of 26...

Bermuda is well represented this week in Monte Carlo where the reinsurance industry is holding its annual get-together with record catastrophe losses, a turbulent hurricane season and the prospect of rising rates likely to be hot topics. Earthquakes ...

Pressure is building for an increase in reinsurance rates after massive catastrophe losses this year have substantially diminished reinsurers’ capital. That is the conclusion of a report by rating agency AM Best, which states that companies “are hopi...

New Bermuda reinsurer Third Point Re has $500 million in capital, two investors involved revealed to Bloomberg News. And Third Point LLC, the $8 billion New York-based hedge fund founded by Daniel Loeb that is behind the new company, aims to raise a ...

BOSTON / NEW YORK (Reuters) - Investor Dan Loeb is setting up a new reinsurance firm in Bermuda, becoming the latest hedge fund manager to jump into the business of underwriting risk. Loeb, who runs the $7.9 billion hedge fund Third Point LLC, told ...