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Insurers and reinsurers have been told that the climate crisis is the problem of our time, even more so than Covid-19. Marshall Shepherd, a leading meteorologist, said it was crucial for scientists to make people understand that climate change is hap...

Bermudian-based Colonial Group International has rebranded, changing its legal name to Coralisle Group Ltd. All companies in the group, in Bermuda and across the Caribbean, will operate under the CG brand. The changes take effect from today, the ins...

An insurance firm was accused yesterday of outsourcing jobs from Bermuda to Canada. It was claimed Argus Group plans to shift between 15 and 20 jobs to One Team Health, a Toronto-based third-party overseas care administration firm it bought last year...

Argo Group and Allied World have joined a growing number of insurers and reinsurers to rule out providing services to a giant coalmine project in Australia. The Bermudian-based companies were among those with Lloyd’s of London insurance syndicates ap...

Bermudian-based White Mountains Insurance Group has agreed to invest up to $1 billion of fresh capital into Ark Insurance Holdings Ltd and acquire a majority stake in the Lloyd’s of London insurer. One of the results of the deal will an upgrade of Ar...

Third Point Reinsurance Ltd has announced that David Junius has been appointed chief operating officer effective from tomorrow. Upon the company’s anticipated closing of its merger transaction with Sirius International Insurance Group Ltd. Mr Junius ...

Chaucer has applied to the Bermuda Monetary Authority to form a new Class 4 reinsurance company. The Lloyd’s insurer, which is owned by China Re, made the application through its Ireland subsidiary Chaucer Insurance Company DAC and is awaiting approv...

Leaders of hospitality and global business associations in Bermuda have welcomed the news that British Airways will switch London gateways to Bermuda from Gatwick to Heathrow Airport’s Terminal 5 from March 28. The agreement, announced yesterday by ...

Michael Doak will be leaving Bermudian-based RenaissanceRe Holdings Ltd to launch Griffin Highline Capital, a new private investment firm focused on the insurance industry. Mr Doak is a senior vice-president and portfolio manager for RenRe’s strategi...

PartnerRe has appointed Nicholas Hughes to the newly created role of head of retrocession, and made two hires to further expand its retrocession team. Mr Hughes, who joined the company in 2008, was head of global catastrophe, which included responsib...

A new Bermudian company is planned to reinsure $5 billion of annuities issued by American Equity Investment Life Holding Company. Värde Partners, a hedge fund, will establish the new reinsurer. The plan is the product of a strategic partnership betwe...

Life reinsurer Athene Holding Ltd is donating 200 laptops to the Bermuda public school system for the 2020-2021 school year. The donation aligns with Athene’s commitment to education-based initiatives in its communities as part of its broader corpora...