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A major market for Bermuda’s reinsurers, Florida, is in danger of becoming largely uninsured if legislators there do not make the right decisions, according to one top-level British insurer. Patrick Tiernan, Lloyd’s chief of markets, this week told ...

Bermudian-based Convex Re Limited has appointed Paul Simons as deputy chief executive officer and has promoted Richard Slater to chief underwriting officer. Both will assume their roles this month and will be based on the island. They will report to ...

The Hamilton Princess & Beach Club is calling their newest retail store the “pinnacle of high fashion”. The hotel on Pitts Bay Road in Pembroke launched Blank Canvas this month as the final boutique to complete its retail arcade. The store offers ma...

Hurricane Ian and other extreme weather events such as the winter storms in Europe, flooding in Australia and South Africa as well as hailstorms in France and in the US resulted in an estimated $115 billion of natural catastrophe insured losses this ...

Apex Group Ltd, the Bermudian-based global financial services provider, has appointed Anne Storie as country head, Cayman Islands. Ms Storie will be based in Grand Cayman and report to Georges Archibald, chief innovation officer and managing director...

Axis Capital Holdings Limited's environmental business unit has launched a Specialty Package Policy for manufacturers. The SPPm policy covers a range of general and environmental liability exposures facing manufacturers, all in one integrated insuran...

Brian First has been promoted to president of Arch Insurance North America. He was promoted from chief underwriting officer of programmes, property and specialty, and will continue to report to Matt Shulman, CEO of Arch Insurance North America. Mr Fi...

The RG/BSX Index rose 7.15 points (0.30 per cent) to finish at 2,421.12. Argus Group Holdings shares rose 30 cents (5.5 per cent) to close at $5.75 with a volume of 5,000. The Bank of N.T. Butterfield & Son Limited finished down 28 cents cent (0.80 p...

Tax specialists Will Gay and Ze’ev Deutsch have joined Mosaic Insurance’s transactional liability team, boosting the firm’s tax-risk capability. Based in London, Mr Gay will be head of International Tax, Transactional Liability for Mosaic, the Bermud...

Bermudian-headquartered Frontline Ltd, a shipping company engaged primarily in the ownership and operation of oil tankers and product tankers, has reported net income of $154.4 million for the third quarter of the year. The company reported adjusted ...