Log In

Paraline, a Bermuda-domiciled insurance and reinsurance holding company, has appointed Paul Rayner as active underwriter of Paraline Syndicate 4242 and SPA 6123. Mr Rayner will also become a member of the group’s board. Mr Rayner has more than 18 yea...

Mergers and acquisitions are a hot topic in many sectors again, certainly in insurance, with the news that Axa is to buy XL Group. The allure of growing at a speed that is impossible to achieve through organic growth is often the objective combined w...

It is unlikely that there will be significant job losses in Bermuda’s insurance sector as a result of US tax changes, however direct investment flows from the US could fall. Those are among the thoughts presented by Moody’s Investors Service, part of...

Kane LPI has appointed Alain Fournier as head of fund administration services. Based in the firm’s Bermuda head office, Mr Fournier, a 15-year veteran of the industry, will be responsible for all aspects of the management of the life, pension and inv...

The Bermuda Government is seeking candidates to sit on the Regulatory Authority’s Board of Commissioners. The RA oversees the electronic communications and energy sectors and reports to the board. The commissioners’ posts have been advertised and app...

American International Group’s takeover of Bermudian reinsurer Validus Holdings could be a sign of further deals in the industry this year. That is the view of Fitch Ratings, which says the effects of US tax reform and catastrophe losses last year is...

Bermudian-based Armour Group Ltd has acquired the run-off business of a Gibraltar-based insurer. Elite Insurance Company Ltd and affiliate Elite Business Development Ltd had gross reserves associated with the run-off business of £250 million ($355 mi...

Paul Ashworth has joined Bermudian-based Sompo International as head of marine insurance at the company’s London insurance platform. Sompo said he would manage a diverse portfolio, including hull and liability, and cargo and specie marine classes. M...

In this article, I will discuss a topic which, according to the Institute of Directors, is the most pernicious of psychological conditions in board decision making. This is “groupthink”. Frequently found among tight-knit groups (any boards come to mi...

Stephen Postlewhite, chief executive officer of Aspen Insurance, is leaving with immediate effect after 15 years with the company. The Bermudian insurer and reinsurer announced the news a day after it estimated an underwriting loss of $245 million fo...

Several Bermudian-based entrants have cleared a hurdle on the way to becoming chartered directors. The Institute of Directors Bermuda announced the names of those who passed examinations in Certificate in Company Direction modules, stage one of the I...

Real estate brokers who trade without a valid licence are breaking the law, the Government warned yesterday. The Superintendent of Real Estate said failure to renew licences for the 2017-18 period while continuing to trade is an offence under the Rea...