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Long-time partner Brad Adderley will become the new office managing partner in Bermuda of Appleby, the international law firm. as of the beginning of next year. He takes over from fellow partner Tim Faries, who has completed two terms in the role and...

Howden, the international insurance broker, has acquired Bermuda-based Foram Brokerage Ltd, the independent re/insurance broker. Howden said that the acquisition affirms its commitment to the Bermudian market and provides clients with access to an ex...

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a+ (Excellent) of Hiscox Insurance Company (Bermuda) Limited and related Hiscox companies at Lloyd’s, in Guernsey, Chicago ...

The Bermuda-based Aeolus Keystone fund, which specialises in property catastrophe insurance coverage, is about to lose a key client as a result of Monday’s vote of the Arkansas Teacher Retirement System's trustees. After advice from a consultant, the...

The RG/BSX Index closed up 69.42 points (2.63 per cent) at 2,705.02 with two advances on the Bermuda Stock Exchange. LOM Financial Limited was active with 2,000 shares trading, and closing at $5.75, up by $2.15. The Bank of Butterfield had $163 share...

When Sandys entrepreneur Charmaine Russell received an Instagram message asking to feature her in Essence magazine, she thought that it was a hoax. The message claimed to be from Jill Dill, public relations projects manager at the Bermuda Tourism Aut...

Bermuda-based Axis Capital Holdings Limited has bolstered its existing fossil fuel underwriting and investment policy by committing to phase out thermal coal business from its insurance, facultative reinsurance and investment portfolios. The company ...

Bermuda-based Hamilton Insurance Group Ltd has decided to cease writing property treaty reinsurance through Syndicate 4000 in London. Adrian Daws, CEO of Hamilton Managing Agency Limited, said: “We regularly review our book to ensure that we continue...

HSBC Asset Management (HSBC AM) has launched its first healthcare fund focused on sustainability and impact. HSBC GIF Global Equity Sustainable Healthcare Fund is aligned with the United Nations Sustainable Development Goal 3, Good Health and Wellbei...

Elementum, an alternative investment manager specialising in collateralised natural catastrophe event reinsurance investments, has appointed Jacqueline Muschett as managing director, head of actuarial and valuations, in its Bermuda office. The compan...