Bermudan-based Endurance Specialty Holdings has bought the majority of Hartford Financial Services Group's reinsurance operation.
Endurance claimed the acquisition of HartRe would boost its level of premium income by $400m (£246m). Endurance generated $765m (£471m) in premiums in 2002.
Endurance is one of a handful of rapidly growing reinsurers set up in Bermuda to take advantage of soaring premium rates.
A year ago Endurance bought some of the business of LaSalle Re, a unit of struggling reinsurer Trenwick Group.
The deal follows Hartford's announcement last week that it plans to quit the reinsurance sector.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
