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Maiden Holdings Ltd has reported it turned a fourth quarter profit of $47.7 million, compared to a net loss of $21.5 million a year earlier. The company said operating earnings were $45 million compared to an operating loss of $3.5 million for the sa...

Independent specialist insurance and reinsurance broker Miller is to set up a new platform in Bermuda. The company said the office will be led by industry veteran Charlie Simpson, who joins Miller as Head of Bermuda. Miller said Mr Simpson will conce...

PartnerRe Ltd has raised $200 million through the issue of eight million 4.875 per cent preferred shares. The Bermudian-based re/insurer said 4.875 per cent fixed rate non-cumulative redeemable preferred shares, Series J have a liquidation value of ...

A subsidiary of Bermudian-based re/insurer Arch Capital Group has launched a new transport and logistics insurance division, which will be based in London. ACG subsidiary Arch Insurance International said the unit will be led by insurance veteran St...

AM Best has revised its outlook to stable from negative and affirmed the credit ratings for Argo Group International Holdings Ltd and its subsidiaries. The rating agency said the change reflects “all of the positive actions taken by management to add...

A UK-based specialist motorist insurer which has already backed a Lloyd’s of London syndicate plans to launch a Bermuda-based vehicle and an insurance linked securities manager on the island. ERS announced a $350 million capital raise led by Abry Pa...

The insurance industry posted more merger and acquisition activity in 2020 than anticipated, despite Covid-19 related uncertainty, reveals the latest Deloitte 2021 Insurance M&A Outlook. The annual report examining insurance industry merger and acqui...

Hiscox has vowed to learn from the past after being bruised by the Covid-19 pandemic, particularly with regard to disputes around business interruption claims. The Bermudian-headquartered global specialist insurer said it recognised that its brand ha...

Legacy specialist DARAG Group Ltd has acquired Bermudian-based SunPoint Holdings Ltd, the company announced today. DARAG said SunPoint will be integrated into DARAG Bermuda Ltd and will provide the company with a platform for further expansion. The c...

Bermudian-headquartered specialty insurer Mosaic has begun underwriting war, terrorism and political violence risks globally out of offices in London and New York. Mosaic said it will offer tailored coverage for a full spectrum of commercial, industr...

Bermudian-based Athene Holdings Ltd and Apollo Global Management have entered into a definitive agreement to merge in an all-stock transaction that implies a total equity value of approximately $11 billion for Athene, the companies announced. The com...

Bermuda has been given a boost by the arrival of new players in the insurance and reinsurance sector in Bermuda, even amid the turmoil of the Covid-19 pandemic. Mark Allitt, managing director and insurance sector lead at KPMG in Bermuda, said: “2020 ...