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A major US insurer has successfully closed a $160 million 144A catastrophe bond completed through a newly established, Bermudian-based special purpose insurer. Farmers Insurance Exchange said that it and its subsidiaries and affiliates comprising the...

Veteran underwriter Kate Vacher was looking for her next challenge earlier this year. She was on the original team for start-up Aspen Insurance in 2002, and was promoted to group director of underwriting there four years later. But after Apollo Mana...

Market Forces, the UK activist group, put Bermuda insurance executive Stephen Catlin and Convex Insurance on Santa’s naughty list today, staging a demonstration outside the Hamilton offices newly occupied by the global insurer. Following a simila...

The Ministry for the Cabinet Office released the September 2021 Consumer Price Index (CPI) from the Department of Statistics. In summary, during September 2021 consumers paid 2.2 per cent more than they did in September 2020 for the basket of goods a...

Christian Dunleavy has been appointed to the newly-created position of group chief underwriting officer at Aspen. Mark Cloutier, executive chairman and group chief executive officer of Aspen Insurance Holdings, announced Mr Dunleavy’s appointment and...

National Security Agency/Central Security Service – December 22 – WASHINGTON – The Cybersecurity and Infrastructure Security Agency (CISA), along with the Federal Bureau of Investigation (FBI), National Security Agency (NSA), Australian Cyber Securit...

Bermudian-based reinsurer Ariel Re has sponsored a 144A index-triggered catastrophe bond issued by Bermuda special purpose insurer Titania Re Ltd. The company said Titania Re will provide $175 million of multiyear collateralised reinsurance cover to ...

SiriusPoint Ltd, the Bermudian-headquartered global specialty re/insurer, has announced a strategic investment in PolicyMe Corp, a digital life insurance provider specialising in Canadian individual term life insurance. The company said PolicyMe aims...

Banyan Risk Ltd, the managing general agent that set up in Bermuda this summer, is to launch its first international subsidiary in Canada. Banyan underwrites directors’ and officers’ insurance risk solutions in complex risk areas including life scien...

The RG/BSX Index finished unchanged at 2,595.09 on the Wednesday before Christmas, in the absence of activity on the Bermuda Stock Exchange. On the New York Stock Exchange, the Bank of Butterfield was up 22 cents (0.59 per cent), closing at $37.55.