Log In

The Bermuda office of London-based re/insurance specialist Neon is to close. Personnel in Bermuda and London will be impacted by the move, the company said yesterday, adding that details have not been finalised. The on-island office of Neon is though...

Lloyd’s of London announced a new campaign to encourage more people to speak up against “unacceptable behaviour”. The campaign is part of a programme of measures put in place to “accelerate progress towards a culture of integrity, respect and inclusi...

Hamilton Insurance Group has introduced a new parental/caregiver leave policy that reflects the company’s commitment to diversity and inclusion. The Bermudian-based re/insurer will grant five months’ paid maternity leave for mothers/primary caregiver...

Bermudian-based re/insurer Hamilton Insurance Group Ltd has announced that it is placing Acappella Syndicate 2014 into run-off. Acappella is a third-party-capital-supported Lloyd’s syndicate included in Hamilton’s recent acquisition of Pembroke Manag...

A new chief executive officer is to lead Bermudian-based Sompo International Holdings Ltd from the start of the new year. Mikio Okumura will assume the role on January 1, taking over from Nigel Frudd, subject to regulatory approvals. He will report t...

Is big where it’s at, or is being small, nimble and unburdened by legacy issues preferable for success? That was an issue a group of chief executive officers pondered during a wider conversation about where to find growth in the insurance and reinsur...

Bermuda could become the world’s leading global centre for life reinsurance, an industry leader told attendees at the PwC Insurance Summit. Frank (Chip) Gillis, chairman, Athene Life Re, said: “We’ve gone from a handful of companies to more than 48 c...

Bermuda will not become a more expensive domicile for captive insurers as a result of economic substance rules, the island’s leading financial-services regulator has assured. Jeremy Cox, executive chairman of the Bermuda Monetary Authority, said the ...

Climate warming is changing the weather like steroids change a baseball player, a leading expert told a conference of insurance executives. Roger Grenier, senior vice-president of the global resilience practice at catastrophe modelling firm AIR World...

Argo Group International Holdings Ltd’s former chief executive officer Mark Watson is set to place $2.2 million of his shares into an escrow account, to be used to reimburse Argo if an investigation finds that certain personal expenses of his were pa...

PartnerRe Ltd made a profit of $216 million in the third quarter, compared to a loss of $106 million for the same period last year. The Bermudian-based reinsurer reported net realised and unrealised investments gains of $41 million on fixed maturitie...

More than 250 delegates, many from overseas, heard from chief executives of the world’s largest insurers and reinsurers at the PwC Insurance Summit yesterday. The event is now in its 14th year and was presented by the Financial Times and two of its l...