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Bermuda-based reinsurance company Sequant Re has appointed a new chief underwriting officer. Victor Baillargeon, who has 35 years of experience in the industry, will lead the development of the company’s underwriting strategies to allow a range of in...

A total of 25,193 shares worth $97,707 traded on The Royal Gazette/BSX Index. The Bank of Butterfield fell one cent to $1.76 after 19,393 shares traded. The bank’s preference shares also dropped, down 22 cents to $1137.28, after 26 shares changed han...

Bermuda’s Catco Investment Management Ltd is to be acquired by US financial holding company Markel Corporation. Markel will acquire “substantially all of the assets of Catco”, according to a joint statement from the two companies. The deal is expecte...

Barely has the dust settled on the last consolidation deal among insurers and reinsurers, than another one has been agreed. This time it is Lloyd’s of London insurer Amlin that is the acquisition, after Tokyo-based MS&AD Insurance Group Holdings yest...

LONDON (Bloomberg) — Amlin Plc’s $5.3 billion takeover by a Japanese competitor has put the remaining four publicly traded Lloyd’s of London insurers in the spotlight for a possible takeover. Beazley Plc, Bermuda-based Hiscox Ltd, Lancashire Holdings...

Reinsurance firm Axis Re has awarded speciality reinsurer of the year by a UK-based business magazine. The Hamilton company was given the award by Reactions at its North American awards dinner held in New York. Axis Re CEO Jay Nichols said: “This dis...

A senior spa consultant from Bermuda has been featured in the industry magazine Pulse. Dorota Wysocka Bradshaw is president of Smart Spa Solutions, which has offices in Bermuda and Poland. She has been invited to join Pulse’s panel of spa business ex...

Bermuda’s Rosedon hotel has become the first on the Island to win a special green award from a global travel site. The Pitts Bay Road fixture was given silver GreenLeader status by TripAdvisor. The hotel is already rated number two in Bermuda on Trip...

Financial services investment Somers last month bought 3,700 of its own shares for cancellation. The firm, which owns the Bermuda Commercial Bank, said it paid an average price of $13 a share.

Insured losses from the explosions at Tianjin Port, in China, could be as high as $3.3 billion, making it one of the Asia’s biggest insured man-made loss events. A report by Guy Carpenter & Co estimates the potential insured losses to be between $1.6...