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A new estimate from catastrophe modelling firm, Karen Clark and Company (KCC) yesterday puts the insured loss from Hurricane Ida close to $18 billion – including $40 million in the Caribbean and the rest from wind and storm surge losses in the US. Ea...

The Royal Gazette/BSX Index finished down 26.82 (1.03 per cent) at 2,567.50 in light trading on the Bermuda Stock Exchange. The BSX Insurance Index remained unquoted. The Bank of Butterfield fell 15 cents (0.45 per cent) to close at $33.16 on the New...

Bermuda market veteran Neville Weston has joined the reinsurance platform of Sompo International as head of global distribution and product development. The Bermuda-based specialty provider of property and casualty insurance and reinsurance, said Mr ...

Auto Solutions is to continue as the exclusive provider of Volkswagen vehicles in Bermuda. The Pembroke dealership said that Volkswagen (Latin America) has renewed its exclusivity agreement. Glen Smith, managing director of Auto Solutions, said: “We ...

Bittrex Global GmbH, the digital asset exchange, has appointed Michael Schröder as chief compliance and risk officer and a member of the Management Board for Liechtenstein. The company said Mr Schröder's employment with Bittrex Global GmbH begins Sep...

Sompo International Holdings Ltd, the Bermuda-based specialty provider of property and casualty insurance and reinsurance, has announced a new tailored cyber insurance offering. The company said that it will be available through its Sompo Global Risk...

Strategic Risk Solutions, the independent insurance company manager with an operation in Bermuda, has appointed Kathryn Anderson to the position of director in SRS’s European Consulting Practice. Ms Anderson, who joins the company next month, will re...

Axis Insurance, the specialty insurance business segment of Bermuda-based Axis Capital Holdings Limited, has promoted Usman Malik to the position of chief pricing actuary. In this role, the company said Mr Malik will lead pricing strategy across the ...

Two board members of Bermuda-based Nordic American Tankers Ltd, the oil tanker company, have purchased shares in the company. NAT said US-based Doug Penick bought 50,000 NAT shares at $2.30 per share. He holds a total of 125,000 NAT shares. Mr Penick...

Insurance industry veterans Tim Glover and David White have joined Bermuda-based Mosaic Insurance, the global specialty insurer. The company said Mr Glover joins as chief underwriting officer and Mr White as underwriting director. Based in London, bo...