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XL Catlin has opened a new office in Washington DC, and also reported a doubling of its gross written premiums for construction business insurance in the USA. The Bermudian-headquartered group’s Political Risk, Credit and Bond Insurance team has open...

Bermudian-based Axis is to set up its own Lloyd’s managing agency after winning approval from UK regulators. From next month, Axis Managing Agency will manage Axis syndicate 1686 at Lloyd’s in London. Mark Gregory, CEO of Axis Managing Agency and Axi...

Full year profit at insurance company Argus Group Holdings Ltd has soared to $12 million, increasing from $7.3 million the previous year. Investment income increased by $16.9 million year-on-year. The results for the year to March 31 represent a retu...

A new book by Stephen Catlin, one of the Bermuda insurance industry’s best known leaders, hits bookstores today. In it the founder and former chief executive officer of Catlin Group Ltd provides unique insights into the inner workings of the commerci...

The son of an employee Bermuda Aviation Services subsidiary has won the firm’s $10,000 annual chairman’s scholarship award. Raequan Rochester, whose father Anthony Seymour works at energy efficiency firm Besco, is a student at Georgia State Universit...

Car dealer Auto Solutions is to host its first ladies’ night to teach women the basics of car maintenance. The free event, which will also feature road safety tips from the Bermuda Police Service, aims to build women’s confidence, teach them basic ma...

A new technology focused subsidiary of American International Group will be headed by Seraina Macia, who was chief executive officer of Hamilton USA. In May it was announced that AIG intended to acquire Hamilton USA, the US platform of Hamilton Insur...

A first-of-its-kind conference to be held in Bermuda bringing together representatives of governments, the finance sector and the insurance industry. Specific risks posed by changes to the world’s oceans caused by climate change and other man-made im...

A Google operations director has been appointed by PartnerRe Ltd to the new position of chief corporate and people operations officer. Dorothée Burkel will be a member of PartnerRe’s executive management team, and have executive responsibility for hu...

Artificial intelligence, insurtech and crewless ships are technological advancements that pose opportunities and risks for businesses, including insurers and reinsurers. Concepts that were once the realm of science fiction are now a reality, and they...

Chubb has named Bill Stewart as the man to lead its stand-alone global cyber-risk practice. He will lead the development and implementation of Chubb’s strategy to deliver the next generation full suite of property and casualty cyber insurance offerin...

As part of a drive to remove debt from its balance sheet, Somers Ltd has increased the volume of its issued shares by more than 50 per cent since the end of March. That includes two significant transactions involving its major shareholders that resul...