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Jeff Clements has been named the new chief executive officer of Validus Re, the Bermudian reinsurer owned by American International Group. He takes over from Kean Driscoll, who has been appointed AIG’s global chief underwriting officer for property a...

Aspen Re has hired Meredith Head from Tokio Millennium Re as its head of North American property catastrophe. Ms Head will report to Christian Dunleavy, Aspen Re’s chief underwriting officer and chief executive officer of Aspen Bermuda Ltd. Working ...

Bermudian life reinsurer Athene Holding today revealed the scale and pricing of its planned preference share offering. Athene will offer $750 million worth of shares with a fixed-to-floating yield of 6.35 per cent. Athene said the offering was expect...

Bermudian-based holding company Colonial Group International has received regulatory approval for the acquisition of a minority interest in The Beacon Insurance Company Ltd of Trinidad and Tobago. The approval was issued by the Central Bank of Trinid...

Butterfield Bank stocks were down $1.20, or 3.5 per cent, at $33.30 after 229 traded on The Royal Gazette/BSX Index. On the New York Stock Exchange, the banks shares were down 22 cents, or 0.64 per cent, at $34.06. Meanwhile, on the local exchange, s...

Staff from Schroders (Bermuda) Ltd celebrated the company’s 50 years on the island with a clean-up day held in conjunction with Keep Bermuda Beautiful. Members of Schroders’ offices in the US, UK, Jersey and Guernsey were on-island for the anniversar...

SS&C Technologies Holdings has announced the appointment of Ken Mahadeo as the head of fund administration for SS&C Fund Services (Bermuda) Ltd. Mr Mahadeo has over 20 years’ experience in the financial-services sector and is responsible for leading...

Bermudian lawyer Sara Schroter Ross has become the youngest member of the Institute of Directors in Bermuda to achieve chartered director status. She was also the first and youngest woman in the branch to complete the certificate in company direction...

Shares of Argus Group Holdings Ltd fell 1.3 per cent in Bermuda Stock Exchange trading. The insurer dipped four cents to close on $3.01 on the trading of 8,050 shares. The most actively traded stock was One Communications Ltd, which gained three cent...

Public schools in Bermuda are set to benefit from greater resources thanks to the Bermuda Human Resource Association partnering with community organisation Support Public Schools Bermuda, also known as SPS.bm. SPS.bm was formed a year ago to answer t...