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Randall & Quilter has completed the acquisition of AstraZeneca Insurance Company Ltd, the captive insurer of biopharmaceutical company AstraZeneca UK Ltd. The insurance company was formed in 1993 and stopped active underwriting in 2004. R&Q, a Bermud...

Nearly half of property purchases at a leading estate agents this year were funded with cash. And Coldwell Banker Bermuda Realty said that the average price paid last year was more than $975,000 up on the 2008 market peak of nearly $950,000. Susan Th...

Insurtech in the US will be the topic of a panel discussion next week at the Hamilton Princess. The event is being hosted by the Bermuda Foundation for Insurance Studies and Drinker Biddle’s Insurance Regulatory and Transactional Team. It will look a...

Fidelis Insurance has appointed Ian Turner as its new group chief actuary. Previously, he was head of capital modelling at Bermudian-based Fidelis. Before joining the company last year he was head of capital model applications at XL Catlin. He spent...

Bermudian insurer Axis Capital Holdings announced tonight it is acquiring Lloyd’s of London insurer Novae for $604 million. Axis is paying 700p per share for the London-listed insurer — an approximately 20 per cent premium on today’s closing price. N...

Peter Zaffino, the chief executive officer of Marsh LLC, has joined American International Group. He has been appointed as the company’s new executive vice-president, global chief operating officer, effective from August 1. Marsh LLC is a leading glo...

Utilities group Ascendant jumped $1.44 to $8.95 on The Royal Gazette/BSX Index. The rise, equal to 19.2 per cent, came after 2,000 shares traded. The Bank of Butterfield went up 50 cents, or 1.5 per cent, to $34 after 1,439 shares moved. Insurance fi...

Doing business online has surged among consumers worldwide — including Bermuda. And the insurance sector globally has rocketed from being one of least used fintech services in 2015 to the second most popular this year. Chris Maiato, advisory leader f...

Somers Ltd has announced the surprise sale of its entire investment in Britain’s Ascot Lloyd Holdings. The price of the transaction has not been disclosed, however Somers held a 51 per cent controlling stake in independent financial advisers Ascot Ll...

The island’s telecoms regulator is acting outside the law, a major player in the industry has claimed. Now One Communications has gone to Supreme Court to seek a ruling that the Regulatory Authority of Bermuda has failed to keep up with its responsib...