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Bermuda-based Mosaic Insurance has extended its war, terrorism and political violence coverage to offer up to $600 million per risk. The global specialty insurer said that the increased capacity allows the company to serve clients via domestic US or ...

Costas Miranthis, the former Partner Re president and CEO, has been appointed as an independent non-executive director to the group board of RiverStone International, the acquirer and reinsurer of legacy and discontinued insurance business. Mr Mirant...

The RG/BSX Index climbed 80.46 points (3.15 per cent) to close at 2,635.61, buoyed by Bank of Butterfield shares rising $1.50 to close at $38.00. The Bermuda Stock Exchange also had BF&M trading. The bank stock declined 38 cents (0.97 per cent) to cl...

Two thirds of new jobs created in Bermuda in the next two years will come from entrepreneurs, a tech summit has been told. But while there has been a 300 per cent increase in businesses using online and e-commerce, there remains an urgency to re-tool...

Bermuda is poised to play an important global role in building resilience to climate risk, a sovereign surveillance report on the country has determined. But the island lags in steps needed to address its own defence. The report points to gaps in the...

AXA XL has promoted Danielle Roth to the position of practice leader and head of Cyber Claims, North America. Based in Stamford, Connecticut, the company said Ms Roth is responsible for developing and implementing the claims strategy and best practic...

Axis Insurance, the specialty insurance business segment of Bermuda-based Axis Capital Holdings Limited, has made three appointments within its financial institutions London team. Beth Convey, Julieta Moya and Mark Sutton all join as senior underwrit...

Carrick Holdings (Bermuda) has entered into an agreement with the Bank of Montreal to provide funding of up to $40 million for legacy transactions. The Bermuda-based company is a subsidiary of Carrick Specialty Holdings LLC, an international non-life...

A Bermuda investment banker 30 years ago, who subsequently became involved in the financing of insurers and reinsurers, has just launched a new Puerto Rico reinsurer, Taussig Capital Re. Well known in Bermuda, Joe Taussig announced on Monday that Tau...

Christopher Coleman is to succeed Kevin Chidwick as group chief financial officer at Bermuda-based Aspen Insurance Holdings Limited. The re/insurer said that Mr Coleman will take up the role, based in Bermuda, next Tuesday and will join the company’s...