Bermuda companies have been at the centre of changes in the aviation insurance business at the Lloyd’s of London market this week.
Yesterday, Catlin Group announced the formation of the General Aviati...
Reinsurers had a “miraculous” year of strong profitability in 2013 — despite a slew of challenges which ratings agency AM Best expects to weigh on the industry’s future prospects.
In its special repor...
Premier Craig Cannonier will lead a strong Bermuda contingent travelling to Denver next month for the Risk & Insurance Managers Society’s annual conference.
Two of his Cabinet colleagues — Education a...
Bacardi chief executive officer Ed Shirley is to leave the company after two years in the top job, the Bermuda-based beverage giant announced last night.
“Mr Shirley expressed his plans to return to r...
Hiscox Re has beefed up its senior management with two appointments announced today.
Reeva Bakhshi has been named chief financial officer and Paresh Thakrar as chief operating officer.
Hiscox brought ...
A British resident of Bermuda and long-time customer of HSBC Bermuda was told by a bank employee that if she could not produce evidence of her ties to the Island, her account could be frozen.
The 39-y...
Mutual insurer OIL is to pay a total $300 million dividend to its energy industry members after it booked a full-year profit of $631.9 million.
The Bermuda-based company told shareholders at its annua...
Bermuda’s AA- credit rating has been affirmed by Standard & Poor’s Rating Services — but the negative outlook on the rating remains in place.
Finance Minister Bob Richards said he “expected” Standard ...
Bermuda-based Enstar Group Ltd and Stone Point Capital LLC have completed the previously announced acquisition of Torus Insurance Holdings Ltd, the firms announced in a joint statement today.
Enstar, ...
Brand-new Bermuda reinsurer Watford Re is all set to open for business.
The multi-line reinsurer’s parent company Watford Holdings said in a statement released yesterday that the company had “raised c...
