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Validus Holdings Ltd., the Bermuda- based reinsurer, agreed to buy Western World Insurance Group Inc. for $690 million in cash to expand in specialty lines of coverage in the U.S.

Three Bermuda insurers reported higher first-quarter earnings as combined ratios improved thanks in part to lower catastrophe losses.

Three Bermuda insurers reported higher first-quarter earnings as combined ratios improved thanks in part to lower catastrophe losses.

Validus Holdings reports a fourth-quarter net loss of $90.7 million on losses tied to Superstorm Sandywhich affected its two biggest classes of business.

Agents discuss life circumstances that led them to insurance careers and reveal their mantras for success.

Superstorm Sandy is expected to result in a net negative impact of about $333.1 million for Validus Holdings.

Less than one year after its unsuccessful pursuit of Transatlantic Holdings, Validus Holdings says it has reached an agreement to buy Flagstone Reinsurance Holdings for about $623 million in cash and stock.

Less than one year after its unsuccessful pursuit of Transatlantic Holdings, Validus Holdings says it reached an agreement to buy Flagstone Reinsurance Holdings for about $623 million in cash and stock.