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Aspen Insurance Holdings Ltd reported earnings in line with analysts’ estimates as it overcame $24.9 million in catastrophe losses. The Bermuda insurer and reinsurer posted operating income after tax of $69.3 million in the third quarter, or 97 cents...

Reinsurance firm Everest yesterday reported after tax operating income of $273.2 million for the third quarter of this year. The figure is equivalent to $6.53 per common share and compared to operating income of $200.2 million or $4.53 per share for ...

Neon has lured Bermudian underwriter Dwayne Hunt from Chubb as the London-based insurer expands its new Bermuda office. Mr Hunt will join Neon as senior vice-president, property insurance, and will be based in the Victoria Street office Neon opened i...

Profitable opportunities in the marine insurance sector have been sighted by Hamilton Underwriting Ltd, which has applied to Lloyd’s for permission to write that class of business next year. The company, which is the is the managing agency of Syndica...

Almost 200 deals worth $18 billion took place in Bermuda in the first half of the year, according to a report by law firm Appleby. This marked a slowdown from the rapid pace of mergers and acquisitions activity on the island in a record-breaking 2015...

A Chinese property development and investment company has proposed moving its registration to Bermuda from the British Virgin Islands. Among the reasons why it wants to migrate, it has cited the adverse publicity the BVI has faced following the publi...

Bermudian-based Catalina Holdings (Bermuda) Ltd has completed the acquisition of a UK insurer in run-off. Catalina Holdings UK Ltd, the company’s wholly owned subsidiary, has acquired AGF Insurance Ltd from a subsidiary of Allianz SE, following appro...

Staff who prefer a quiet place to work, and those who do better in a busier environment, are both catered for in Sun Life Financial International’s new office. Elsewhere, there are shared workspace areas that allow colleagues who might not normally s...

The long-serving managing director of professional services firm KPMG is to retire at the end of the year. Richard Lightowler, who is also head of insurance, will leave after 23 years at the firm. Neil Patterson, KPMG Bermuda chairman, said: “Richard...

A former Customs officer has a new duty — with law firm MJM. Jordan Knight, who left HM Customs to study law in England, has signed up with the firm’s dispute resolution team as an associate after serving part of his pupillage at MJM. Alan Dunch, dir...

Bermuda made its mark on the New York Stock Exchange yesterday as Butterfield Bank sold its first US shares, a troupe of Gombeys took to the trading floor and Michael Dunkley rang the opening bell. It was all to mark Butterfield’s initial public offe...

Advertising and marketing agency Cosmic has recruited a new senior member of staff. Jossie Clayton — who has worked on global projects for major multinational firms like McDonald’s and Unilever — is Cosmic’s new marketing and brand strategist. Ms Cla...