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The Zurich Group has been working to replace outgoing Centre Solutions president David Brown, who is opting for early retirement at the end of the year. Officials believe the company can name a new boss to replace the 44-year-old chartered accountant...

catastrophe reinsurance division, as Tempest Re chairman, Donald Kramer, is moving to a new position within the ACE group. ACE announced months ago that a strategic business development unit was being set up in the US after the group purchased Tarqui...

Key elements of global markets are converging in Bermuda, an association of women insurers heard in New York yesterday. The developments were outlined to the Association of Professional Insurance Women by two Bermuda executives -- Roger Gillett and S...

a state court ruling denying her petition for receivership of Electric Mutual Liability Insurance Co. (Emlico). She will consider the efficacy of pursuing the remains of the insolvent insurer which purportedly moved from Massachusetts to Bermuda in 1...

keeping a close watch on the movements of Hurricane Georges, after its devastating visit to the Caribbean islands. Chairman and CEO of Tempest Re, Donald Kramer conceded there was some anticipation of a more severe year of catastrophe claims than in ...

Giant Swiss-based insurance and financial services company, The Zurich Group is developing a Zurich Group Financial Service Centre in Bermuda. The centre, for the first time, will unite several key entities of the group in one location here, the just...

Hong Kong business executives have been enlightened as to how Bermuda developed into the largest captive domicile in the world. They were attending the 1st East Asian Captive Forum at the JW Marriott Hotel in Hong Kong, sponsored by leading captive s...

core infrastructure for the development of widespread trading and distribution of securitised insurance products, insurers were told yesterday. And Bermuda Stock Exchange (BSX) CEO William Woods also pointed out that the Island was blessed with the b...

The Bermuda International Business Association (BIBA) is still trying to come to grips with its latest survey that highlighted that Bermuda still has some way to go regarding how black Bermudians in particular perceive their involvement with internat...

A new division has been formed by Commercial Risk Partners Ltd. to take advantage of the converging insurance and capital markets. Commercial Risk Capital Markets will develop new products utilising both the distribution of insurance risk into the ca...