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Industry veteran Sven Wehmeyer has been promoted to the position of executive vice president, head of international, at Bermudian-based Validus Re, the reinsurance arm of AIG. The appointment was effective June 1. Based in Bermuda, Mr Wehmeyer will a...

The Bermuda Business Development Agency is to host a climate risk finance seminar on June 23 in association with Rims, the risk management society. Roland Andy Burrows, chief executive officer of the BDA, said the online seminar will feature climate ...

Bermuda has responded after seven of the biggest economies in the world issued an accord supporting the outlines of a new global tax system, and a commitment to a minimum corporate tax rate of at least 15 per cent. More details are needed before the ...

Curtis Dickinson, Minister of Finance, has responded to a statement from the finance ministers of the Group of Seven nations in which they committed to a global minimum corporate tax rate of at least 15 per cent on a country by country basis. The G7 ...

Keitha Caines has been appointed director of finance, data and administration at the Bermuda Economic Development Corporation. The BEDC said Mrs Caines was selected to join the organisation’s executive management team after a competitive interview pr...

Gallagher has appointed Tom Wakefield as chief executive officer of its reinsurance business, Gallagher Re, subject to regulatory approval. The company said Mr Wakefield will take over the role from current CEO Simon Behagg, who will transition to th...

A company that has applied for a digital asset business license in Bermuda has won a pitch competition at the Bitcoin 2021 conference in Miami. 24 Exchange Bermuda Ltd said it was selected as one of 12 finalists from more than 140 applicants as a sho...

Canopius Group has launched its algorithmic underwriting platform, Vave, as an managing general agent. Devised and developed in-house, the company said Vave began trading in May 2019, and has since quoted on more than 1.2 million risks, representing ...

There were no trades on The Royal Gazette/BSX Index, which closed unchanged at 2,553.64. On the New York Stock Exchange, shares of Butterfield Bank were up eight cents, or 0.21 per cent, at $37.50. The BSX Insurance Index improved 27.81 points, or 1....

Andrew Rippert has joined Aspen Insurance Holdings Ltd, the Bermudian-based re/insurer, in the newly created role of EVP, head of mortgage. Aspen said Mr Rippert joins the company with more than 20 years’ experience in shaping and building global mor...