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Robert Cartwright is the new president of the Risk and Insurance Management Society, the organisation that hosts the Rims Annual Conference and Exhibition in North America. Mr Cartwright succeeds Nowell Seaman in the top role. He is the division mana...

Reinsurers saw lower rate increases than they had hoped for after one of the biggest insured loss years on record during the January 1 renewals, a leading broker has reported. Willis Re, in its report entitled Extreme Weather — Calm Market, said pric...

The University of Vermont Health Network is to move its captive insurance company from Bermuda to Vermont. The cost of the move is expected to be between $35,000 and $50,000, and the state of Vermont will collect about $50,000 annually in premium tax...

Google uses two structures, known as a “Double Irish” and a “Dutch Sandwich,” to shield the majority of its international profits from taxation. The set-up involves shifting revenue from one Irish subsidiary to a Dutch company with no employees, and ...

Bermudian-based Sompo International’s US insurance platform has reached an agreement to buy the operating subsidiaries of Lexon Surety Group. Lexon, the second largest independent surety insurer in the US, is comprised of Lexon Insurance Company, B...

A total of 600 shares of One Communications traded on The Royal Gazette/BSX Index, but there was no change to the closing price of $3. The stock was the only one traded on the exchange, which was unchanged at 2,199.48. On the New York Stock Exchange,...

Bermudian-based Qatar Re has struck a deal to buy Markerstudy’s Gibraltar-based insurance companies. Markerstudy underwrites more than 5 per cent of the UK motor insurance market, generating premiums of £750 million ($1.01 billion). Under the sales p...

Bermudian run-off specialist Armour is to launch a new reinsurer after raising up to $500 million in equity commitments from an investor group led by New York private-equity firm Aquiline Capital Partners. The new reinsurance company Armour Group Ltd...

“Utility tokens” is set to be a buzzphrase in Bermuda in 2018 as the island increases its presence in the world of digital assets and blockchain technology. With the Bermuda Government stating its intention to embrace new technologies and opportuniti...

Bermudian life reinsurer Athene Holding Ltd is spinning off Ager Bermuda Holding Ltd, the holding company of its European operations. Ager’s main subsidiary is Athene Lebensversicherung, based in Wiesbaden, Germany, and it specialises in life run-off...