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German insurance giant Allianz has been eyeing two Bermuda insurers as potential takeover targets after it lost out on a deal to acquire XL Group Ltd, according to an international business news service. Bloomberg News reported that Argo Group Intern...

Captive insurance organisations are under pressure to keep up with evolving risks, amid mounting regulation, and are experiencing difficulty finding professionals with the right skills. Those were some of the challenges expressed to AM Best TV in a s...

From refugee to chief executive officer, Derreck Kayongo had a remarkable tale to tell at the Bermuda Captive Conference. A key moment in that story occurred when he checked into his first US hotel. At that time the country was throwing away 800 mill...

Clarien Bank said today it would raise its Bermuda dollar mortgage rates by quarter of a percentage point, while Butterfield will increase Bermuda dollar corporate loans and US dollar loans by the same amount. The announcements came after the US Fede...

Shares of Ascendant Group Ltd and Butterfield Bank rose in Bermuda Stock Exchange trading. Ascendant, which owns power utility Belco, gained 5 cents, or 0.3 per cent, to close on $15.85, as 10,000 shares traded. Butterfield climbed 50 cents, or 1.1 p...

David Furby, who was president of Bermudian-based Ace Tempest Re Group between 2002 and 2005, is to lead Chubb in the European region. Mr Furby has been named as regional president, European Group, and takes on his new role on July 1. He is currently...

Rosemont City Place units are now up for sale with a starting price of just over $1 million. Nikki Thomas, real estate assistant at Coldwell Banker Bermuda Realty, said the properties have been on the open market since the beginning of last month and...

Aspen Insurance is relocating its chief executive officer, from Britain to Bermuda, amid reports that the company is considering takeover bids. The Bermudian-domiciled company is widely reported to be up for sale. Unconfirmed reports of bids from Ame...

Justine Blakesley has been promoted to the newly created role of global head of client services at Conyers Dill and Pearman. She will be responsible for the strategy and development of Conyers’ client services business in Bermuda, the British Virgin ...

Andrew Coutts has joined XL Catlin’s insurance operations as global practice leader for Cargo. He previously worked as a cargo underwriter for Brit Global Specialty. Robert McAdams, XL Catlin’s chief underwriting officer for Global Marine, said: “In ...