Bermuda
Lloyd's underwriters join forces to boost Bermuda property D&F capacity
Lloyd’s catastrophe-exposed property underwriter Icat and Lloyd’s underwriter Neon have teamed up in a capacity arrangement to bring additional capacity to the Bermuda property D&F market.
Endurance sets date for shareholder vote on Sompo takeover
Endurance has set the date when shareholders will vote on the company’s $6.3bn (£4.96bn) takeover by Sompo.
Liberty Mutual to acquire Ironshore for $3bn
Liberty Mutual Insurance is to acquire Ironshore, a global specialty lines company, from Chinese conglomerate Fosun International.
Argo Group acquires Ariel Re for £187m
Argo Group is to acquire Ariel Re for approximately $235m (£187m).
Blenheim brings together former Cathedral team
Blenheim syndicate has confirmed new appointments in its property treaty and direct and facultative property teams.
Nephila Capital and Blenheim strike capital deal
Nephila Capital and Blenheim Syndicate have entered into a capital relationship.
Catalina buys run-off Allianz book
Bermuda-based Catalina Holdings has purchased AGF Insurance Limited.
Japanese Sompo aims to become a 'truly global insurer'
Sompo's president and CEO, Kengo Sakurada has said the Japanese insurer aims to build a business which competes on a global scale with its purchase of Endurance.
Sompo reaches agreement with Endurance's board for $6.3bn acquisition
Japanese property and casualty insurer Sompo Holdings has agreed to acquire Bermuda based P&C insurer Endurance Specialty for $6.3bn (£4.96bn) or $93 a share.
AIG sells Ascot stake to Canadian pension firm
Insurance giant AIG has sold its 20% stake in Ascot Underwriting and fully-owned subsidiary Ascot Corporate Name to the Canada Pension Plan Investment Board for $1.1bn (£840m).
Europe: Bermuda and its Solvency II equivalent meet the highest standards
Bermuda has been granted equivalent status under the Solvency II directive, besides being approved as a qualified jurisdiction by the US National Association of Insurance commissioners.
XL Group to redomicile to Bermuda from Ireland
XL ordinary shareholders have approved a scheme of arrangement that will change the place of incorporation of the parent holding company to Bermuda from Ireland.
Neon expands into Bermuda
The specialist Lloyd’s insurer is growing its international footprint and access to both the Bermudian and US markets.
Towergate's Nathan takes on Primary Group role
Former Towergate Underwriting CEO Clive Nathan is to join Primary Group leading its investment in specialist underwriting and distribution across the UK and Europe.
Europe: Bring on Bermuda
Following six years of regulatory work, Bermuda is poised to receive European Parliament approval for Solvency II equivalence
Clinton criticises Bermuda "reinsurance loophole"
Democratic presidential hopeful Hillary Clinton has criticised tax law loopholes which allow wealth managers to set-up reinsurance companies in Bermuda to reduce tax bills.
IIS top award for Bermuda-based "trailblazing" CEO Kramer
The International Insurance Society will give its top honour to Donald Kramer, chairman and CEO of Bermuda-based ILS Capital Management.
Speciality insurer Fidelis to start underwriting in UK
Fidelis Insurance will launch in the UK after receiving approval from the Prudential Regulatory Authority.
Qatar Re to trade from Bermuda
Qatar Re will re-domicile in Bermuda after receiving approvals from the regulatory body.
Fosun to step up integration after Ironshore completion
Chinese conglomerate Fosun is to increase its integration efforts among its insurance assets following the confirmation of its 100% ownership deal with Ironshore.
Bermuda's ILS Capital Management opens London office
ILS Capital Management, the Bermuda-based investment manager in insurance-linked securities and collateralised reinsurance, has opened an office in London.
Chinese investment firm buys Sirius International
Chinese investment firm China Minsheng has bought Sirius International Insurance for $2.24bn (£1.4bn) from White Mountains.
Flood Re to launch £2.1bn reinsurance procurement
Flood Re is to begin the process to secure £2.1bn of reinsurance cover and is anticipating interest from Bermudian and US companies as well as collateralised reinsurers.
$1.5bn Fidelis aims to shake-up global (re)insurance market
Bermuda-based new entrant Fidelis is aiming to provide significant competition in the global (re)insurance sector after a significant investment.