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Former Montpelier Re senior vice-president Nik Lucking has joined Lloyd’s listed Novae Group, and is based in the company’s Bermuda office. Mr Lucking, who has also previously worked for Willis in Bermuda, is Novae’s unit head for US direct and facil...

A total of 71,910 shares worth $267,694.90 traded on The Royal Gazette/BSX Index. Insurance firm Argus Group saw 48,900 of its shares change hands, leaving its price up 14 cents (3.7 per cent) at $3.95. Telecoms firm KeyTech stood up 45 cents (12.7 p...

Bermudian Corinne Hewson has joined the commercial and business law firm of Bennett Jones (Bermuda) as senior associate and corporate team leader. With over 13 years of corporate transaction legal experience, Ms Hewson’s practice concentrates on the ...

NEW YORK (Bloomberg) — Third Point Reinsurance Ltd, the Bermuda-based reinsurer that counts on hedge fund manager Dan Loeb to oversee investments, posted its worst loss as a publicly traded company on declines in the hedge-fund manager’s portfolio. T...

Reinsurance firm PartnerRe has recruited a top executive from Axis — the firm that made an unsuccessful bid to merge with PartnerRe. Dan Bolgar, formerly chief executive officer at Axis Accident & Health Insurance, will become head of health at Partn...

Aspen Insurance Holdings has appointed David Cohen as president and CEO of its insurance arm. Mr Cohen, former president and US global casualty chief underwriting officer at underwriters Liberty International, will join Aspen Insurance, reporting to ...

NEW YORK (Bloomberg) — American International Group chief executive officer Peter Hancock dismissed activist investor Carl Icahn’s proposal to split the company into three insurers, saying a division would limit earnings diversity and reduce the valu...

Reinsurance firm Blue Capital posted profits of $4.4 million for the third quarter of the year. The specialist in insurance-linked securities (ILS) said that was equivalent to 50 cents a share. Reinsurance premiums written for the quarter were $5.9 m...

A financial analyst who blew the whistle on Bermuda-based Gerova Financial Services four years ago yesterday said he felt “vindicated” now that seven men were last month charged in the US in connection with an alleged $16 million fraud involving the ...

A beauty and massage salon is celebrating nearly two years in business by expanding. Northern Rose Salon has recruited experienced beauty therapist Ella Gerassimova to the team — increasing the range of treatments on offer. Owner Caroline Foster said...