Enstar Group Ltd’s net income plunged by more than two thirds on investment losses.
The Bermuda-based insurer, which specialises in buying companies or units that have stopped writing new business and...
Assured Guaranty’s shares rose 3.5 per cent yesterday as the Bermuda-based bond insurer’s second-quarter profits beat expectations and fears over its exposure to Puerto Rican debt eased.
Net income fo...
Around 40 people will lose their jobs as the result of Endurance Specialty Holdings’ takeover of Montpelier Reinsurance, according to one source who claimed to have knowledge of the matter.
The source...
PartnerRe has agreed to be bought out by Italian investment firm Exor in a $6.9 billion deal.
The reinsurer has scrapped its previous plan to merge with fellow Bermuda firm Axis Capital.
Exor, which i...
Endurance will keep on nearly half of the worldwide staff of its new acquisition Montpelier Reinsurance, The Royal Gazette has learned.
The deal closed on Endurance’s takeover of its fellow Bermuda-ba...
Validus Holdings Ltd took a $48 million hit from claims related to an oil rig explosion that left four people dead, the Bermuda reinsurer revealed last night.
The platform, which was owned by Mexican ...
Global insurance and reinsurance broker Marsh & McLennan Cos (MMC) is looking for ways to trim its tax bill.
In a conference call yesterday, Dan Glaser, the New York-based company’s chief executive of...
Bermuda-based insurer and reinsurer Hiscox saw half-year pre-tax profits rise by 8.4 per cent, fuelled by strong growth in its retail insurance business.
Hiscox reported earnings of £135.1 million ($2...
PartnerRe last night reported a net loss of $103.1 million as a fall in the value of its investments took its toll.
The Bermuda reinsurer said operating earnings were $112.5 million, or $2.35 per shar...
A Bermuda insurance industry body has written to the US Treasury urging it not to penalise long-established reinsurers as part of its efforts to clamp down on what the US sees as hedge funds masquerad...
