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John “Jay” Nichols will join Axis Capital Holdings Ltd from Bermuda rival RenaissanceRe to take the role of chief executive officer of Axis Re effective April 2, 2012, Axis announced last night. Mr Nichols will report to the CEO and president of AXIS...

Bermuda-based re/insurer Aspen Insurance Holdings Ltd last night reported a net loss after tax of $105.8 million for 2011. The company stated its reinsurance results were materially impacted by a high frequency and severity of natural catastrophes in...

Capital G announced three senior appointments in their risk and accounting departments. Frank Morisano has been appointed to the newly created position of executive vice-president, chief risk officer with responsibility for the Group’s credit, marke...

Meyer Group of Companies has announced the promotion of George Butterfield to the new position of manager, Meyer Freight. Mr Butterfield is now responsible for Meyer Freight operations and will report to Joe Simas, vice-president of marine operations...

Shares of Golar LNG Ltd., an owner of tankers hauling liquefied natural gas, erased losses after Dahlman Rose & Co. raised its rating to “buy” from “hold,” saying demand will grow three times faster than the fleet. Shares will climb 22 percent to $50...

Appleby, the world’s largest provider of offshore legal, fiduciary and administration services, has named a new office managing partner in Bermuda. Kiernan Bell has been appointed as Appleby’s Bermuda office managing partner, taking over from Shaun ...

Bermuda’s re/insurers overall have been able to weather the recent storm of heightened catastrophe losses and should be well-positioned to take advantage of improvements in the underwriting environment, according to a report released by Fitch Ratings...

One of the largest family office investors in Japan has launched a $30-million catastrophe re/insurer in Bermuda. Triton Re was launched as a Special Purpose Insurer (SPI) in December 2011, with a mandate to write property and casualty risks as well ...