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Bermuda’s insurance and reinsurance market proved to be a reliable partner for the US during the second worst year for catastrophe losses on record. That is the view of John Huff, who took over as president and chief executive officer of the Associat...

Shares of Argus Group Ltd were down five cents, or 1.3 per cent, at $3.92 after 17,500 traded on The Royal Gazette/BSX Index. A total of 1,000 shares of Ascendant Group, 700 shares of BF&M Ltd, and 100 shares of Butterfield Bank were also exchanged, ...

XL Group’s profit for the fourth quarter dropped to $28.3 million, or 11 cents per share, a 90.5 per cent year-on-year decrease, after it suffered $315.3 million of pre-tax catastrophe losses. It took a $100.5m non-recurring tax charge as a result of...

XL Catlin’s Global Excess Casualty business has appointed John Kopach as new regional manager for the south east region of the US. Mr Kopach was previously with Everest National Insurance, where he was vice-president, excess casualty, East region. Ba...

Bermudian-based Armour Group Ltd has acquired the run-off business of a Gibraltar-based insurer. Elite Insurance Company Ltd and affiliate Elite Business Development Ltd had gross reserves associated with the run-off business of £250 million ($355 mi...

Bermudian reinsurer Validus Holdings reported a net loss of $8.7 million for the fourth quarter of last year, as wildfires in California racked up more than $120 million in losses. Validus, which last month announced it had struck a $5.6 billion deal...

A multi-specialty medical practice offering a fresh approach to healthcare services is set to open in Hamilton within weeks. The Bermuda Medical Specialties Group practice, located in a 6,500-square-foot space on the third floor of Reid Hall on Reid ...

A workshop focused on how to deal with difficult people will be held in Bermuda next month. Business trainer Jan Fraser leads the event, which will suggest solutions on how to deal with demanding and difficult people. The class is recommended for man...

Insurers and government-sponsored programmes globally faced total payout claims of $134 billion last year, only marginally below the record $137 billion of 2011. The biggest factor in those costs were weather related disasters, including hurricanes H...

Willis Towers Watson’s charity committee and its employees have made donations to ten local charities totaling $10,000. In addition, employees took up a personal monetary collection that resulted in $700 of food and goods for the Women’s Resource Cen...