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Mortgage insurer Essent Group has acquired $495.9 million of reinsurance coverage from the capital markets for mortgage insurance policies it has written. The insurance-linked securities transaction was done through Radnor Re 2020-1 Ltd, a newly form...

Watford Holdings has strengthened its loss reserves by about $28 million and expects to report a fourth-quarter net loss as a result. The Bermudian-based insurer and reinsurer said the loss reserve strengthening is in response to higher than projecte...

Everest Insurance, the insurance division of Bermudian-based Everest Re Group Ltd, has engaged with Dovetail, a Victor company, to offer its workers’ compensation product online, the company announced. Dovetail’s online platform enables agents and b...

Sarah Carr has joined Bowring Marsh as financial and professional liability placement leader in Bermuda, the firm announced. Bowring Marsh is the international placement specialist of insurance broker and risk adviser Marsh. Ms Carr will report to Ch...

Hudson Structured Capital Management Ltd has led a $50 million capital raise for Gracie Point Holdings, LLC, a global provider of life insurance premium finance. Hudson carries out its re/insurance business on the island as HSCM Bermuda. The infusion...

Everest Insurance has joined with digital insurance brokerage Embroker to provide a new online lawyers’ professional liability programme for law firms with up to ten employed attorneys. Everest said the new policy offers several value added coverage ...

Bermudian-based Sompo International Holdings Ltd has said Julian James will join the organisation to lead the London market and international insurance platforms. Subject to regulatory approval and after a short period of transition, he will succeed...

A former minister in the Government of Barbados has been found guilty of two counts of money laundering and one of conspiracy to commit money laundering. In the US District Court for Eastern District of New York, Donville Inniss was alleged to have r...

The world’s largest asset manager, BlackRock Inc, which is among the biggest shareholders in a number of coal insurers, has placed sustainability at the centre of its approach to investments. It is now in the process of removing from certain of its i...

Bermudian-based insurers and reinsurers will likely see continued firming of pricing in 2020, with surplus growth and modest gains in underwriting profits driven by organic growth opportunities and solid capital levels, according to Fitch Ratings. R...

Bermuda maintained its position as the premier jurisdiction for captives last year, with a total of 715 captives writing gross premiums of approximately $40 billion, according to the Bermuda Monetary Authority. Twenty-two new captives registered in 2...

Ahead of its fourth-quarter earnings report, Axis Capital Holdings Ltd has said its results will be impacted by a pre-tax loss of $140 million for catastrophes and other weather-related events. The Bermudian-based insurer and reinsurer said those los...