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Industry veteran Sima Ruparelia is to join PartnerRe Ltd, the Bermudian-based global re/insurer, as chief actuarial and risk officer. Ms Ruparelia will be responsible for risk and capital, non-life reserving and pricing and life reserving (2nd line)....

For the first time, American International Group has been recognised as one of the 50 most community-minded companies in the United States. AIG was given the honour by Points of Light, a non-partisan, global non-profit that inspires, equips and mobil...

BMS, the independent specialist insurance and reinsurance broker has acquired SRG Group, the Australian corporate retail broker with operations in Perth and Queensland. This comes ten months after BMS Re launched in Bermuda to expand its global footp...

Borrowers will pay more for their loans and mortgages after Butterfield Bank raised its rates in response to the historic 75 basis point increase by the US Federal Reserve

Ignite Bermuda has launched its annual eight-week internship programme for aspiring young entrepreneurs. The Young Adult Entrepreneurial Internship, now in its second year, aims to support local young adults’ passions for entrepreneurship through wor...

Pine Walk Capital Limited, the London-headquartered specialist MGA platform that is a subsidiary of Bermudian-based Fidelis Insurance Holdings Limited, has launched a seventh MGA. Pine Walk said Pernix Specialty Limited specialises in political risk ...

Apex Group Ltd, the Bermudian-based global financial services provider, is to expand its presence in Malta with the announcement of the planned acquisition of ZASMalta, a specialist provider of regulatory compliance and risk management services. The ...

John Duda has joined the Bermuda office of Miller, the independent specialist re/insurance broker, as head of ILS development and capital management products. In his new role, Mr Duda will focus on developing Miller’s business in the Bermudian market...

KBRA has affirmed the following insurance financial strength ratings of the insurance subsidiaries of the Tower Hill Insurance Group: A- for Tower Hill Prime Insurance Company (TH Prime) and BBB+ for Tower Hill Preferred Insurance (TH Preferred), Tow...

The RG/BSX Index fell 24.14 points (1.13 per cent) to 2,116.51 for the day. The decline was driven by the only issue trading, Bank of N.T. Butterfield Ltd., which fell 45 cents or 1.5 per cent to $29.50, after the trading of 2,412 shares ($71,160.60)...