11/13/2023
Brookfield Re takeover of Argo on track for end of year close
Argo announced in February it was being bought by Brookfield Re, also based in Bermuda, for $1.1 billion.
AIM and Hedge Funds
11/13/2023
Arch unit to buy run-off mortgage insurance business of property insurer
“Our teams are experienced and proficient at acquiring and integrating mortgage insurance companies, which we expect will help us quickly maximize the value of this acquisition.”
11/13/2023
United Finance redeems €8.5m bonds
Trading suspended as bondholders receive
11/10/2023
SiriusPoint turns underwriting profit in third quarter
It said the improvement in net underwriting results was driven by lower catastrophe losses and improved favourable prior year loss reserve development.
11/10/2023
Argo Group readies for merger, reports Q3 net loss of $49.5m
Argo said the merger agreement outside date for completing the transaction has been automatically extended to February 8, 2024
11/10/2023
777 Re downgraded by AM Best, cites concerns
This resulted from the company’s significant exposure to investments in various 777 Partners originated assets resulting in higher risk charges.
11/10/2023
Hamilton prices IPO shares
The offering is expected to close on or about November 14, 2023, subject to the satisfaction of customary closing conditions.
11/09/2023
Cost of living and increased interest rates make Guernsey property buyers more cautious
The raw median price (realty only) of the 12 Open Market transactions in the third quarter of 2023 was £1,443,438.
11/09/2023
James River sells casualty reinsurance operations
Frank D’Orazio, the company’s chief executive officer, said: “Today’s announcement represents a key milestone for James River and is strategically significant for both our Company and Fleming.
11/09/2023
ABIR congratulates RenRe on purchase of Validus Re
Bermuda’s internationally recognised regulator, world-leading talent base and culture of innovation drive the market’s leadership in finding solutions to large and complex risks such as climate change and cyber.
11/09/2023
Enstar Group records Q3 net earnings of $38m
That compares with a net loss attributable to ordinary shareholders of $432 million in the prior year quarter.
11/08/2023
Assured Guaranty reports Q3 net income of $157m
Third-quarter capital returned to shareholders was $80 million including share repurchases of $64 million and dividends of $16 million.
11/08/2023
US life insurer CNO forms Bermuda-based captive
It said the goal of the company was to “enhance competitive position through a structure that enables disciplined capital deployment” and to increase capital efficiency.
11/07/2023
White Mountains reports Q3 income of $23m
The company reported book value per share of $1,542 and adjusted book value per share of $1,588 as of September 30.
11/07/2023
SRS launches Altitude MGU
SRS said it has recruited several seasoned ART and corporate insurance industry experts that will join in the coming months.
11/07/2023
Brookfield Infrastructure reports Q3 net income of $104m
Brookfield said its take-private acquisition of Bermudian-based Triton International closed on September 28.
11/07/2023
ABIR Congratulates RenRre On Acquisition
The combination of two Bermuda-born companies to create a top-five, diversified global reinsurer speaks volumes about the Bermuda market’s growth, evolution and continuing relevance.
11/06/2023
Palomar Holdings reports Q3 net income of $18.4m
The results included record quarterly gross written premium, adjusted net income growth of 153 per cent, and an adjusted return on equity of 22.3 per cent.
11/06/2023
Financial planner shares expertise with 100WF Bermuda chapter
On average, women in Bermuda live to the age of 94 compared to men's average life span of 92
11/06/2023
Hiscox retains A+ rating from AM Best
Strong underwriting performance and a rebound in investment performance resulted in the group reporting a robust profit after tax of $250 million for the first six months of 2023.