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Bermudian George F Hutchings is stepping down as chief operating officer of Everen Limited on April 1, the company has announced. Mr Hutchings, who will retire at the end of 2023, will remain at Everen for the balance of the year as special adviser. ...

Insurance industry veteran Don Bailey has joined American International Group as global head of distribution and field operations. He reports to Peter Zaffino, chairman and chief executive officer. For more than 30 years, Mr Bailey has held a variety...

The January 1 renewals have proven to be one of the most challenging reinsurance markets the sector has experienced as reinsurers and cedents worked to establish a new market equilibrium, a leading global risk and reinsurance specialist has said. Guy...

Darag Group, the international legacy acquirer, has concluded a reinsurance agreement with a large US carrier. The transaction, written into Darag Bermuda, had a value at the reference date of approximately $15 million. Darag Bermuda will provide the...

A long-time member of the board of directors of Everest Re Group Ltd, the Bermudian-based global re/insurer, has died. The company said John Arthur Weber passed on December 25. “It has been an honour for me and my fellow directors to serve alongside ...

American Overseas Group Limited, the Bermudian-based holding company, has reported a consolidated net loss available to common shareholders of $0.4 million for the three months ended September 30. This compares to a consolidated net loss available to...

BMS Group, the independent specialist re/insurance broker with an operation in Bermuda, has announced that a definitive agreement has been entered into with Eurazeo, the global investment company headquartered in Paris, for an additional investment i...

Darag Group, the international legacy acquirer, has appointed Till Mathis Wagner as head of M&A, Europe. His appointment will come into effect in Q1 of 2023. Mr Wagner joins Darag from Guy Carpenter where he was most recently managing director of str...

AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit ratings of “aa” (Superior) of Hannover Rück SE (Germany) and its main subsidiaries, including Hannover Re (Bermuda) Ltd and Hannover Life Reassurance ...

James Anfossi has joined Vesttoo as AVP, portfolio manager. Mr Anfossi, who will be based on the island, joins from Aeolus Capital Management, where he served as an analyst. He previously worked at Fidelis Insurance as a risk analyst, and at Axis Cap...