Some reinsurance bosses believe the industry needs a major catastrophe to thin out a crowded marketplace and to reverse the ongoing trend of falling reinsurance prices.
That is something that industry...
Western World Insurance Company, the US insurer acquired by Bermuda-based Validus Holdings Ltd last month, has been downgraded by ratings agency AM Best.
Best said last night that it had cut the finan...
Alternative capital is likely to survive alongside traditional reinsurance companies as the industry finds an effective balance between the two.
That is the view of Lixin Zeng, the chief executive off...
For underwriters of event-driven risks, the odd rough quarter is an occupational hazard.
But, as Bermuda-based Validus Holdings Ltd believes, underwriting a more volatile mix of business than many pee...
Bermuda-based beverages giant Bacardi is looking forward to returning some operations to Cuba once the US embargo of the country is lifted.
Bacardi was expelled from the Caribbean island in 1959, afte...
Bermuda re/insurer Argo Group International Holdings Ltd saw third-quarter profits rise on improved underwriting results.
Argo posted net income of $44.7 million compared to $31 million in the corresp...
The lion’s share of the insurance claims made in Bermuda in relation to Hurricane Gonzalo will not be shouldered by local insurers — but instead by the companies that reinsure them.
That is the view o...
The parent company of dock services firm Stevedoring Services Ltd today reported an annual loss of $1.8 million for the year ended March 31, 2014.
Polaris Holding Company Ltd said in a statement that ...
Telecommunications firm the KeyTech Group reported that earnings fell more than 30 percent in its last fiscal year as expenses related to acquisitions took their toll.
KeyTech, which owns Logic Commun...
Validus Holdings Ltd’s third-quarter net income tumbled by three-quarters as the company was hit by more than $60 million in aviation, war and energy claims.
The Bermuda-based insurer and reinsurer re...
