News relating to the Bermuda and international insurance and reinsurance industry.
Validus moves to acquire Flagstone Re
Validus sources have indicated that the company intends to purchase all issued and outstanding shares from Flagstone Re, with Flagstone shareholders receiving 0.1935 of voting common shares and $2 in cash for each Flagstone share.
Montpelier acquires Torus's property cat re business
Montpelier Re announced on August 19 that it has acquired the renewal rights of Torus’s property cat reinsurance business, with Torus continuing its involvement in the business through a sidecar arrangement.
M&A: turning hostile
Three reinsurers—Berkshire Hathaway following in the earlier footsteps of Allied World and Validus— pursue a deal with New York-based Transatlantic Re in what has become an increasingly acrimonious affair.
RenRe to pay a December dividend on common shares
RenaissanceRe Holdings will pay a quarterly dividend of $0.35 per common share on its common shares.
Aspen CRO departs amidst management changes
Aspen Insurance Holdings announced that co-founder Julian Cusack will be stepping down from his position as chief risk officer, effective immediately.
Everest Re’s Mt. Logan unveils new CUO amid leadership reshuffle
The collateralized insurer has made three new appointments.
Everest Re to pay a dividend in March
Everest Re Group will pay a dividend of $1.55 per share to its shareholders.
Bermuda formations slow for Summer
Bermuda formations slowed somewhat in July to eight new registrations, according to statistics from the Bermuda Monetary Authority.
Vantage boss in US cybersecurity talks as the business launches new products
New re/insurer has up to $15 million excess capacity, according to ex AXA XL boss, fresh from Washington talks.
Hamilton hires Guy Carp exec to break into US
A former Guy Carpenter executive has joined Bermuda based Hamilton Insurance to help the company break into the US market.
