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Investment management firm Catco has signed up two new specialist underwriters. It has hired Simon Moore and Lindsay Watson to strengthen its underwriting team. CEO Tony Belisle said: “As Catco continues to grow and provide new, innovative products f...

Bermuda’s business regulator has linked up with the US National Association of Insurance Commissioners (NAIC) to improve the exchange of information. The Bermuda Monetary Authority (BMA) has signed a new memorandum of understanding with the associati...

Insurance group Ace has announced its 2015 graduate trainee. Dominique Richardson will now join the company’s professional lines department on a two-year graduate training programme. Ms Richardson, a business administration graduate of Barry Universi...

A high-flyer aircraft engineer has launched a website for expatriate Bermudians to keep in touch. Emily Dunne, a scholarship-winning engineering graduate of the prestigious Massachusetts Institute of Technology, who now works for Boeing, set up the n...

A former Berkeley Institute pupil has won a top scholarship from reinsurance firm RenaissanceRe. Ryan Robinson Perinchief will get $25,000 a year for up to four years to assist him with his studies at Durham University in the UK. Mr Robinson Perinchi...

Business rivals swapped suits for cricket whites at the weekend in a bid to raise cash for charity. Two teams — one of brokers and one of underwriters — clashed on the cricket field at the National Stadium. One of the organisers, Claire Salmon, a br...

A Bermuda-based management services firm is taking on the world — with plans to expand into the Cayman Islands. Management Solutions, which opened three years ago and already has an office in the UK, now employs 25 people around the world. Founder Do...

Bermuda has signed up for an international catastrophe insurance scheme designed to cover the Island and the Caribbean for natural disasters. The Island is one of 16 members of the Caribbean Catastrophe Insurance Facility (CCRIF), a not-for-profit sc...

Ratings agency AM Best has withdrawn its rating on Bermuda-based hedge fund-backed reinsurer PaCRe at the company’s request. PaCRe, backed by the John Paulson hedge fund and Validus Re, was placed under review with negative implications in January du...

The Italian company that won a bidding war for Bermuda’s PartnerRe reinsurance firm has bought up a $448 million stake in a prestigious British business magazine. Exor, controlled by the billionaire Agnelli family, has become the largest shareholder ...