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Multi-billion dollar wealth manager gets new name

A Bermuda-based company has changed the name of a multi-billion dollar London subsidiary. Somers Ltd — itself formerly known as Bermuda National Ltd, owner of the Bermuda Commercial Bank — announced its JO Hambro Investments Management, which has $7 ...
Jan 13, 2014
Other

Capital G deal sparks hope for new jobs

The Capital G Bank Ltd (CGB) amalgamation agreement is expected to yield new jobs. And the deal to take a controlling interest in CGB by the newly formed Clarien Group Ltd will leave former sole owner Edmund Gibbons Ltd with a 20 percent ownership st...
Jan 09, 2014
Local Business

Capital G strikes merger deal

A newly formed Bermuda company has agreed a deal that will give it a controlling interest in Capital G Bank Ltd. Yesterday, Capital G Ltd announced it had agreed to amalgamate with Clarien Group Ltd, a wholly owned subsidiary of Bermuda exempted comp...
Jan 08, 2014
Other

Capital G agrees to merge with newly formed company

Capital G Ltd announced today that it had entered into a formal agreement to amalgamate with Clarien Group Ltd, a wholly owned subsidiary of newly formed Bermuda exempted CWH Ltd. Through Clarien, CWH will assume the majority ownership of Capital G B...
Jan 07, 2014
Reinsurance

Catlin Bermuda establishes Singapore branch

Catlin Group has founded a branch in Singapore. It began operations on January 1, writing specialty lines of direct insurance in Singapore and reinsurance throughout the Asia-Pacific region. The international specialty property/casualty insurer and r...
Jan 06, 2014
Local Business

No announcement yet on Cap G partnership deal

Capital G Bank Ltd will be making a formal announcement about the outcome of potential partnership discussions “in the very near future”, a spokesman said yesterday. At the beginning of December the privately held bank confirmed it was in discussion...
Jan 03, 2014
Reinsurance

RenRe enters MidCap 400 index

Bermuda-based RenaissanceRe is to replace another firm in a Standard & Poors top 400 index. The company is to take over the spot held by Lender Processing Services (LPS) in the S&P MidCap 400 after LPS was taken over by existing MidCap 400 firm Fidel...
Jan 02, 2014
Local Business

KeyTech raises $4,500 for charities

KeyTech and its employees raised more than $4,500 for two charities in the run-up to Christmas. The company’s Social Committee donated $1,000 to the Salvation Army’s Secret Santa and $3,520 to Action on Alzheimer’s & Dementia. Some of the funds were...
Jan 02, 2014
Reinsurance

Greenberg leads ethics complaint against New York prosecutors

ALBANY, New York (AP) — Former American International Group executives are pursuing an ethics complaint against the New York prosecutors still bringing the charges that cost them their jobs at the insurance giant in 2005. The complaint at the Joint C...
Dec 24, 2013
Other

Three charities benefits from Marsh / Guy Carpenter donations

Two Bermuda sister firms have teamed up to donate an $8,150 Christmas present to three Island charities. Insurance brokers and risk managers Marsh and risk and reinsurance specialist Guy Carpenter presented cheques to the trio of charities yesterday....
Dec 24, 2013
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