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A Singapore-based executive is to join insurance and reinsurance underwriters Argo Group. William Wharton has been appointed to head professional lines operations in Bermuda. He joins Argo from Catlin Insurance Singapore, where he served as head of f...

The world is changing fast and insurers must change with it if they want to survive, reinsurance veteran Brian Duperreault said yesterday. The Hamilton Insurance Group chief executive officer told conference delegates that “technology and talent will...

Catalina Holdings (Bermuda) has completed its acquisition of a Swiss reinsurance company. The deal was completed after approval by Swiss regulators for the takeover. Catalina has bought Allianz Suisse Ruckversicherungs-Gesellschaft AG — Allianz Suiss...

Bermuda-based BCB Holdings is to change its name. The firm is to become Caribbean Investment Holdings. A spokesman said the board believed “the new name is better suited to the company’s strategic focus and aspirations.” BCB Holdings is a holding com...

The Royal Gazette/BSX Index closed unchanged at 1,313.24. The only movement was 9,000 shares worth $35,530 in insurance firm Argus, which closed unchanged at $3.95. The BSX Insurance Index ended the day down 19.03 points (1.16 per cent) at 1,618.07.

PartnerRe has become the Bermuda-based reinsurer this week to announce it is setting up a branch office in oil-rich Dubai. The firm received approval to open an office from Dubai regulators and will begin underwriting operations at the start of next ...

Butterfield Bank will not raise residential mortgage rates in the wake of the US Federal Reserve hike of 0.25 of a percentage point. Speaking after the first Fed increase in nearly a decade, a Butterfield spokesman said that it would not raise its ra...

WASHINGTON (Bloomberg) — The Federal Reserve raised interest rates yesterday for the first time in almost a decade in a widely telegraphed move while signalling that the pace of subsequent increases will be “gradual” and in line with previous project...

Bermuda-based insurance services company Randall & Quilter Investment Holdings Ltd (R&Q) has completed its first deal in Vermont. The deal involves the novation of liabilities from Automobile Dealers Insurance Company, Inc (ADIC), a group captive, to...

Inflation dropped to 0.6 per cent in October compared to the previous month, according to the latest Government figures. Inflation fell 0.4 per cent from the 1 per cent rate in September. Consumers in October paid 0.6 per cent more for a standard bas...