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All ten graduates who were this year awarded scholarships by the Bermuda Foundation for Insurance Studies (BFIS) have secured jobs in the industry. BFIS chairman Gail Martin said that all the students were working in Bermuda or overseas. “I am please...

Bermuda-based Ironshore insurance and its affiliated companies are to remain under review with negative implications, ratings agency AM Best said yesterday. The agency said that Ironshore’s financial strength rating of A (excellent) and issuer credit...

Expect more merger activity in a tough insurance industry that is getting tougher, top executives told conference delegates in Hamilton yesterday. A wave of consolidation has swept through Bermuda’s flagship industry this year, highlighted by the Ren...

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...