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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...

Christopher Beazley has stepped down as chief executive officer of global reinsurer MS Amlin AG. Mr Beazley will pursue opportunities outside of MS Amlin after leading MS AAG as CEO for the past three years. He originally joined MS Amlin in 2007 and...

Hurricane Ida will be more of an earnings hit as opposed to a capital event for the insurance industry, A.M. Best posits in its latest commentary. The rating agency said that because a number of Louisiana writers are regional players with lower level...

Bermuda is home base for 14 of the world’s top 50 reinsurers, a new list published yesterday by global rating agency AM Best reveals. The list which reflects the latest available 2020 compilation, confirms the continued concentration of reinsurance e...

Restaurateur Emilio Barbieri really wanted to turn everything gold, to celebrate half a century with the Little Venice Restaurant on Bermudiana Road. “Gold is the colour for a 50th anniversary,” said Mr Barbieri who took over the restaurant on Septem...

The RG/BSX Index closed unchanged at 2,594.32 in the absence of trading on the Bermuda Stock Exchange. The BSX Insurance Index remained unquoted for continuing technical reasons. The Bank of Butterfield closed at $33.31, down two cents (0.06 per cent...

Bermuda-based Arch Capital Group Ltd has completed the previously disclosed acquisition of Australia’s Westpac Lenders Mortgage Insurance Limited. WLMI is an Australian Prudential Regulation Authority authorised captive lenders mortgage insurance pro...

Borr Drilling Limited, the Bermuda-based oilfield services company, has reported a net loss of $59.9 million for the second quarter of 2021. The company said that was an increase of $5.5 million compared to the first quarter of the year, impacted by ...