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Oil Casualty Insurance Ltd has hired Christopher Carpol as senior reinsurance underwriter. Mr Carpol, who will be responsible for overseeing Ocil’s assumed reinsurance operations, was previously with Tokio Millennium Re Bermuda as assistant vice-pre...

HSBC Holdings is considering pulling out of some of the smaller markets in which it operates — such as Bermuda — according to a report by Bloomberg News. John Flint, chief executive officer of the global bank, and Mark Tucker, the chairman, are consi...

Bermuda’s global insurance expertise will be spotlighted in an executive forum during this month’s Risk & Insurance Management Society annual Conference and Exhibition in San Antonio, Texas. The Bermuda Executive Forum, hosted by the Bermuda Business...

A gourmet popcorn business has upgraded its packaging to preserve the freshness of its product for longer. The business, Paddled Popped Popcorn was founded by Malachi Symonds and launched in 2015. The popcorn is made in a custom-made kettle, in whic...

White Mountains Insurance Group Ltd announced it has agreed to acquire a majority equity stake in NSM Insurance Group. NSM is a specialty insurance programme administrator and the deal values the company at about $388 million. Bermudian-based insura...

WASHINGTON (Bloomberg) — The US Supreme Court rejected an appeal by Maurice “Hank” Greenberg’s Starr International Co, refusing to revive its bid to sue the federal government over the $85 billion bailout of American International Group a decade ago....

NEW YORK (Bloomberg) – American International Group awarded Brian Duperreault a $43.1 million pay package last year after he took over as the insurer’s chief executive officer. The compensation includes $12 million in cash to replace awards Mr Duperr...

XL Catlin has enhanced an online underwriting platform to give design professional brokers capabilities for quick, single-point access to rate, bind and issue professional liability insurance coverage for architects, engineers, and other design profe...

It was a quiet day on The Royal Gazette/BSX Index with no trades. The exchange closed unmoved at 2,479.01. On the New York Stock Exchange, shares of Butterfield Bank were up 69 cents, or 1.58 per cent, at $44.26. The BSX Insurance Index was down 17....

Bermudian-based Fidelis Insurance has hired Alison Clarke as a senior underwriter on its London underwriting team. Ms Clarke will focus on continuing the growth of the group’s bespoke product offering, as well as assuming management responsibilities ...