Fidelity increases investment in Bermuda insurance market

By David Marchant

18 years ago

Topics

Bermuda Insurance Listed Securities

Keywords

ACE Ltd. Arch Capital Group Aspen Insurance AXIS Capital Bermuda Insurance Market

Endurance Specialty Everest Re Fidelity IPC Holdings Montpelier Re PartnerRe Platinum Underwriters PXRE Group Quanta Capital RAM Holdings RenaissanceRe Scottish Re Wellington Management XL Capital

[ 14 more... ] [ top 5 ]

Mutual fund firm Fidelity has increased its position as the largest single investor group in the Bermuda insurance and reinsurance market.The Boston, Massachusetts-based group owns at least five per cent of the common shares of 12 of the 16 companies whose ownerships were reviewed by InsideBermuda, compared with eight of 14 companies in a similar review last year. As of June 30, 2006, Fidelity’s total stake in the Bermuda market had a stock market value of approximately $5.6 billion.

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