Bermuda-based (re)insurers continue to be tested by challenging market conditions, including heightened catastrophic losses and diminishing competitive advantage resulting from U.S. tax reform. However, the Bermuda market “remains resilient given its strong global position, demonstrated underwriting expertise, robust and effective …
Continuing its repositioning as a specialty insurer, OneBeacon Insurance Group Ltd. is selling its runoff business to an affiliate of Armour Group Holdings Limited. OneBeacon said it will transfer to Armour certain legal entities within the OneBeacon group, which will …
Following near-record global catastrophe losses in 2011, Bermuda-domiciled reinsurers are positioned to benefit from an improved underwriting and somewhat better pricing environment this year, according to analysts at Fitch Ratings. Fitch Ratings said it sees the Bermuda market as fundamentally …
