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Legal & General Re turned a profit of $578 million in 2019 — impressive for a company that set up in Bermuda with a couple of employees just five years ago. The company, a subsidiary of the UK-based Legal & General Group, is a member of Bermuda’s boo...

Blue Capital Reinsurance Holdings Ltd intends to delist itself from the New York Stock Exchange and the Bermuda Stock Exchange. The voluntary delisting is part of Blue Capital’s previously announced decision to cease active operations and pursue an o...

Colonial Group International is inviting applications for a student internship programme. The company welcomed 12 students, aged 17 to 21, for its inaugural internship initiative last year. A CGI spokesperson said: “We were delighted with the ability...

Students from Dellwood Middle School visited the offices of Axa XL to learn about international business in Bermuda. They were joined by Diallo Rabain, Minister of Education, who said: “We welcome this opportunity for our students to learn more about...

PartnerRe Ltd has reported an $108 million loss for the fourth quarter, compared with a loss of $32 million for the same period in 2018. The loss includes net realised and unrealised investment losses of $50 million on fixed maturities and short-term...

The Bermuda office of London-based re/insurance specialist Neon is to remain open for at least another four months, a spokesperson said. “Neon is keeping an office open until at least June as it manages an orderly run off,” she said. It was announced...

A deal that presents the opportunity for Athene Holding Ltd to be included in a major S&P index, such as the S&P 500, has been concluded. The Bermudian-based retirement services company has concluded a “strategic transaction” with its partner Apollo ...

A profit of $29.7 million, or 32 cents per share, has been reported by Third Point Re for the fourth quarter. That compares to a $298 million loss for the same period in 2018. The Bermudian-based reinsurer had net income of $200.6 million, or $2.16 p...

Qatar Re chief executive officer Michael van der Straaten has been appointed CEO of QIC Global (International), effective from the beginning of March. It is a year since he took over the reins at Bermudian-based Qatar Re following the resignation of ...

American International Group Inc has entered into an accelerated share repurchase agreement with Citibank, N.A. to repurchase $500 million of AIG’s common stock. It is part of AIG’s existing share repurchase authorisation of $2 billion announced a y...

Industry veteran Christopher Conway has joined the Bermuda office of TigerRisk Partners LLC. He takes up a newly-created senior role on its reinsurance and retrocession teams, where he will report to Alex Bridges, partner and head of retrocession. Mr...

Two veterans of the island’s captive insurance sector have been added to the Captive Review Hall of Fame. David Ezekiel and Roger Gillett are among the three new hall of famers named this year. At the same time, a number of Bermudian-based insurance ...