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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 ...

Bermuda College students Bathsheba Jones and Khaleel Daley are the recipients of ILS Bermuda Scholarships enabling them to enrol in the Bermuda Insurance Institute ‘Career Pathways’ education initiative. Ms Jones graduated from CedarBridge Academy i...

A special half-day forum bringing together distinguished past leaders with current chief executives of Bermuda’s global insurance market will be held to mark the 25th anniversary of the Association of Bermuda Insurers and Reinsurers. The quarter-cent...

Working on what is probably the world’s largest canvas sail job for a private yacht, Steve Hollis still found time to talk about the business that has been his life’s work since 1980. He and his wife Suzanne run Ocean Sails in St George. It provides ...

Victor Richards has been appointed director in the corporate department of Conyers Dill & Pearman’s Bermuda office. “We congratulate Victor on his well-deserved promotion. He is a talented lawyer who brings much expertise to our corporate practice an...