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Expect the consolidation trend to continue in the insurance industry in the coming years. That’s the view of experts from EY, the global professional-services firm, who see the drivers of the combinations that have swept the industry as being very mu...

Bermuda-based reinsurer Monument Re has announced the completion of its acquisition of Dutch insurer Robein Leven NV from Amerborgh Financial Services BV. The deal, which was first announced in July last year, was closed after receipt of regulatory a...

The total value of merger and acquisition deals in Bermuda topped $70 billion in 2018, more than double the previous year’s tally, a report released today by offshore law firm Appleby found. The island was home to four deals of more than $5 billion...

Chris O’Kane has stepped from his role as group chief executive officer of Aspen Insurance Holdings Ltd after the completion of the company’s takeover by US private-equity group Apollo Funds. Mr O’Kane has led the insurer and reinsurer since it was s...

Bermudian-domiciled high-end hotel operator Belmond Ltd is to be bought out by French luxury giant LVMH in a deal worth $2.6 billion. Belmond’s shares surged by nearly 40 per cent in New York Stock Exchange trading on Friday after the news was annou...

Catalina Holdings (Bermuda) Ltd has agreed to acquire a $2 billion run-off portfolio of employers’ liability policies from Zurich Insurance. The Bermudian-based run-off specialist was boosted by a $700 million capital raise in October that increase...

Catalina Holdings (Bermuda) Ltd has closed a $700 million equity capital raise, which has resulted in funds run by private-equity firm Apollo Global management becoming the majority shareholder. The deal also involved Bermudian reinsurer RenaissanceR...

The total value of merger and acquisition transactions in Bermuda more than doubled to nearly $34 billion in the first half of 2018, driven by two major re/insurance takeovers. Bermuda was home to three of the ten biggest offshore deals in the first ...

Bermudian-based property and casualty insurance and reinsurance run-off group, Premia Holdings Ltd, has announced the acquisition of Alan Gray LLC, an international claims, audit and risk management advisory firm. Alan Gray was established in 1988 as...

Credit rating agencies view Markel’s proposed buyout of Bermudian-based Nephila Capital positively. The deal, which will result in Nephila being run as a stand-alone company by existing management as part of the Markel portfolio, was announced last ...

Maiden Holdings’ sale of its US reinsurance unit to a subsidiary of fellow Bermudian company Enstar Group makes sense for both companies, according to investment research company Zacks. Maiden will receive net proceeds of $307.5 million for its Misso...

Bermudian-based Nephila Capital, the world’s largest manager of insurance-linked securities, has agreed to be bought out by US insurer Markel Corporation. Nephila has about $12.2 billion of assets under management and Markel indicated today that the ...