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LF Wade International Airport is the place to hang out if you want to find out who’s buying whom in the reinsurance industry, according to XL Group chief executive officer Mike McGavick. His comments led to the headline “For Front-Row Seat in Deal Ac...

NEW YORK (Bloomberg) — Third Point Reinsurance Ltd, the Bermuda-based company co-founded by hedge-fund manager Dan Loeb, said buying a competitor in the US or Europe could clash with its business model. “One of our strengths is we can tell people tha...

Montpelier Re chief Christopher Harris yesterday said his firm was performing well on its own — even as larger rivals are merging in a tough reinsurance market. Mr Harris said: “We’ve always said we try and focus on being better not bigger.” And Mr H...

LONDON (Bloomberg) — Stephen Catlin, who is selling his Bermuda-based insurer to XL Group Plc for $4.2 billion, expects the pace of mergers among smaller insurers to gather pace. “Anyone who has got a market value of less than $5 billion wherever the...

The mega-merger between Axis and PartnerRe is set to go ahead without an outside bidder disrupting the deal, an industry chief said yesterday. Validus CEO Ed Noonan — who successfully launched a hostile takeover of IPC Holdings after it had agreed a ...

Four days remain for the public to comment on the proposed purchase of the Bermuda Telephone Company by Digicel. A reminder issued by the Regulatory Authority of Bermuda today requested that all comments for consideration be received by 4pm on Frida...

Bermuda’s oldest electrical contractor has been bought out. Bermuda Air Conditioning (BAC) Group has stuck a deal to take over Universal Electric Ltd (UEL). The joint firm will now be known as BAC Universal Electric Ltd. BAC Group managing director C...

Bermuda-based Athene Holding Ltd has branched out into the German life insurance market by acquiring Delta Lloyd Deutschland AG (DLD). DLD is a German subsidiary of Delta Lloyd NV, an Amsterdam-based financial services provider. Terms of the transact...

XL’s purchase of Catlin could encourage acquisition raids from Bermuda on the Lloyd’s market. That’s the view of Eamonn Flanagan, an equity analyst at Shore Capital. Mr Flanagan told Best’s News Service the $4.1 billion deal announced last Friday “mi...

Bermuda-based Armour Group Holdings Ltd has completed the acquisition of the OneBeacon run-off business. Armour said last night that the transaction included the acquisition of the legal entities, including the assets, liabilities and capital, which ...

Executives of Bermuda-based Armour Group Holdings Ltd are hoping their investors can benefit from the acquisition of Mexico’s largest title insurer. The acquired company, Fidelity National Title de Mexico, SA de CV, has been renamed Armour Secure Ins...