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Industry veteran Vincent Tizzio is to become the CEO of Axis Insurance on June 1. He will succeed Peter Wilson, who leaves the company at the end of the year upon the completion of his contract. Following the transition to Mr Tizzio taking up the top...

Canopius Group, the global specialty re/insurer, has appointed Neil Robertson as group chief executive officer. Among his responsibilities, the company said, will be developing its Bermudian operation. Mr Robertson, formerly at AXA XL, joined Canop...

Jenni Estis has been promoted to the position of managing director at Guy Carpenter (Bermuda) Ltd. The global risk and reinsurance specialist, a business of Marsh McLennan, said Mrs Estis joined Guy Carpenter in 2002, and has previously worked in the...

Velocity Risk Underwriters LLC, the catastrophe-focused property and specialty insurance risks managing general agent founded by Bermudian-headquartered Nephila Capital, has been acquired by funds managed by Oaktree Capital Management LP. Oaktree is ...

One Communications gave more than $65,000 towards supporting local businesses, valued customers and charity this holiday season. The company teamed up with more than 30 retailers across the island to reward customers for shopping local with 7,000 sc...

Bermudian-based offshore drilling company Valaris Limited has been awarded four contracts for work in the Gulf of Mexico, offshore Australia and the North Sea. A one-well contract with Kosmos Energy in the US Gulf of Mexico for semi-submersible Valar...

Skuld, the Norwegian-based marine insurance provider with an office in Bermuda, has announced its participation as mission partner in a global initiative to decarbonise the maritime industry. Skuld has joined the Maersk Mc-Kinney Moller Center for Ze...

Bermudian-based Athene Holding Ltd and New York-headquartered Apollo Global Management Inc have completed their previously announced merger. The combined entity will operate as Apollo Global Management Inc, a high-growth alternative asset manager wit...

Bermuda is one of six “low tax” jurisdictions with companies working on ten Covid-19 pharmaceuticals. Bermuda-headquartered Kiniksa Pharmaceuticals is developing the biologic mavrilimumab for Covid-19 and other indications. Two stem cell therapies fr...

Bermudian-based multi-line reinsurer Fortitude Re has acquired two third-party administrators from AIG. Parent company Fortitude Group Holdings LLC said the acquisitions of Fortitude Life & Annuity Solutions Inc, a licensed life and annuity TPA, and ...