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Only a few months after Exor completed its acquisition of PartnerRe, the forward trajectory for the Bermudian reinsurer has become clearer. There has been a restructuring of the company, with its business units now consolidated into three worldwide s...

A furious customer yesterday blasted Clarien Bank for blocking access to his account. And the client said the bank had hit him with late payment fees for his mortgage after it refused to process transactions on his account. The man, who asked not to ...

Sean McPhillips has been appointed as senior vice-president, head of US primary casualty, at Aspen Insurance. He will lead planning, strategy and execution of the primary casualty operation of the company throughout the US. Aspen Insurance is the ins...

Hedge fund reinsurers need to bridge the gap between the risk cultures of hedge funds and reinsurers, if they are to remain viable in the long-term. That is the view of analysts from Standard and Poor’s Global Ratings, who note that HFRs have managed...

Harneys Corporate Services (Bermuda) Ltd has joined the Bermuda Stock Exchange as a listing sponsor. Harneys, an international law firm, established itself on the island last year when it merged with Hurrion and Associates. Greg Wojciechowski, the B...

Utilities firm Ascendant rose 10 cents, or 1.9 per cent, on The Royal Gazette/BSX Index. The move came after 20,000 shares worth a total of $107,000 traded. The Royal Gazette/BSX Index closed up 0.96 points, or 0.08 per cent, at 1220.47. The BSX Insu...

A TV company has launched a lawsuit claiming more than $6.9 million from Bermudian-based insurance firm OneBeacon Insurance Group. The legal action against OneBeacon arm Atlantic Specialty Insurance by NBC Universal Media’s Universal Cable Production...

The Bermuda arm of insurer International General Insurance has had its A- financial strength and counterparty credit ratings affirmed by Standard & Poor’s. The agency also reaffirmed Dubai-based IGI’s A- rating for insurer financial strength for the ...

Long-established AS Cooper is to launch a total of three new stores — and create jobs. The company is to open a store dedicated to lifestyle clothing brand Vineyard Vines, a sponsor of the America’s Cup, in its former children’s shop on Front Street ...

CedarBridge Academy’s head boy has won a $5,000 scholarship from law firm Conyers Dill & Pearman. Jordan Simmons-Trott, who will go to Mount Allison University in New Brunswick, Canada, to study English Literature in the autumn, won the company’s Lea...