News relating to the Bermuda and international insurance and reinsurance industry.
Bermuda-based Arch Reinsurance is to take complete ownership of specialty reinsurer Gulf Reinsurance.
The reinsurance fund managed by Montpelier Re subsidiary Blue Capital Management has managed to secure $21.2 million in its latest share placement.
RenaissanceRe's agreement to acquire Platinum Underwriters could spur merger and acquisition (M&A) activity among reinsurers.
Bermudian reinsurer Everest Re has confirmed it will launch operations in Zurich.
Renaissance Reinsurance has been placed on negative watch by rating agencies AM Best and Moody’s.
The co-founder of Bermuda-based Endurance Specialty has resurfaced as chairman of Orchid Underwriters.
Bermuda-based multi-line insurer Argus has acquired Malta-based Millennium Insurance Agency.
Bermuda-based RenaissanceRe is set to acquire Platinum Underwriters for $1.9 billion.
The atmosphere of fear that has been propagated lately in the reinsurance industry is unfounded, Catlin’s chief executive officer told delegates at the PwC/S&P Bermuda Reinsurance 2014 conference.
Bermuda-based Everest Re has approved 27 percent increase to its regular quarterly dividend from $0.75 to $0.95 per common share.