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A $2 million retention award will be paid to Aspen Insurance Holdings’ chief financial officer if he stays with the company until January 1, 2020. Scott Kirk joined the Bermudian-based insurer in 2007 and became group CFO in December 2014. Details of...

Global commercial insurance prices have risen for a third consecutive quarter, according to figures in the Marsh Global Insurance Market Index. There was a 1.2 per cent improvement in global insurance composite pricing during the second quarter of t...

One of the most promising trends in today’s market is the shift towards sharing. A lot has been written about this growing phenomenon as market winners and losers are regularly decided based upon their ability to capitalise on changing spending patte...

The Association of Bermuda Insurers and Reinsurers has added Ascot Reinsurance Company Limited as a member of its board. Abir has also created the Abir Broker Advisory Cabinet with representatives from Aon, Guy Carpenter and Willis Towers Watson. Kev...

Everest Re Group Ltd has appointed Ike Barbatsoulis as chief reinsurance claims officer for Everest’s reinsurance division. He will be responsible for driving the strategic direction of the reinsurance claims organisation with continued focus on cus...

Insurers have faced a relatively quiet first half-year when it comes claims from global natural disaster losses. For the first six months of 2018, global natural disaster losses and insured losses are below the 10-year average, with only three single...

Dear Dave, Do you believe the adult child of a senior citizen, who is physically and mentally healthy but has neglected to plan for retirement, should be burdened with providing financial assistance to that parent? — Robbie Dear Robbie, Based on the...

Fintech, or financial technology, is in the spotlight in Bermuda right now. This week, I take a look at its many implementations and ramifications. • The impatient among us (aren’t almost all of us ADD these days) hate waiting in line at de bank, or ...

Maiden Holdings Ltd’s shares plummeted by more than 40 per cent yesterday, after the company announced the imminent retirement of both its CEO and CFO, and the slashing of its quarterly dividend by two-thirds. The announcements came as the Bermudian-...

A Call to the Bar became a family affair yesterday when Richard Collis and his sister-in-law, Sophia Collis, became members of the Bermuda Bar on the same day. Mr Collis, 31, added: “It would have been great if my older brother was here as well, but...

A grandmother has started a new career after being Called to the Bar. Angelita Dill, 54, worked in telecommunications and owned small businesses before going back to school to study for a law degree. She said: “There was nothing that concerned me ab...

Student interns from Bermuda and Indiana’s University of Notre Dame teamed up on economic research projects this summer under an initiative organised by the Bermuda Business Development Agency (BDA). The BDA partnered with the university to pilot an ...