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David Carter has been appointed chief underwriting officer and executive vice-president of the Sompo Global Risk Solutions strategic business unit, reporting to Michael Chang. The unit is part of Bermudian-based Sompo International Holdings, a speci...

Liz Cunningham has joined Watford Holdings Ltd as chief risk officer. The re/insurer said Ms Cunningham is based in Watford’s Bermuda office and will report to Jon Levy, the company’s president and former CRO. John Rathgeber, the company’s chief exe...

Edward Mishambi of RenaissanceRe and Gemma Carreiro of Hamilton Insurance Group have been appointed chairman and deputy chairwoman, respectively, of the policy committee at the Association of Bermuda Insurers and Reinsurers. The committee reviews ins...

JetBlue Airways will become the first major US airline to offset carbon dioxide emissions from jet fuel for all its domestic flights. In addition to becoming carbon-neutral for its US flights from July, it will use sustainable aviation fuel on flight...

Bermuda could become an exporter of life insurance expertise, says the executive director of an island-based insurance industry body. Ronnie Klein, executive director of the Bermuda International Long Term Insurers and Reinsurers organisation, was in...

Shares of Argus Group Holdings Ltd surged 7.5 per cent in Bermuda Stock Exchange trading. The insurer gained 22 cents to close on $3.17 as 7,900 shares changed hands. Rival insurer BF&M Ltd was the most actively traded stock, with 9,162 shares tradin...

Bermuda’s declining population, rather than residents’ penchant for shopping online, is behind the decline of the island’s retail sector, says a leading retail boss. Paula Clarke, chief executive officer of Gibbons Company and former chairwoman of th...

A worst-case scenario stress test for insurers who write cyber policies shows that they would see their capital and surplus reduce by 5 to 8 per cent on average. That would leave them still able to meet their enhanced capital requirements. However, t...

Athene Holding Ltd, a life reinsurer and retirement services company, reached $6 billion in total pension risk transfer transactions for 2019 — more than double the volume of the previous year. The Bermudian-based company’s 2019 total includes about ...

The Bermuda Stock Exchange yesterday released its year-end report for 2019. Greg Wojciechowski, the BSX’s president and chief executive officer, said highlights included Miami International Holdings’ acquisition of a controlling interest in the excha...