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The world is changing fast and insurers must change with it if they want to survive, reinsurance veteran Brian Duperreault said yesterday. The Hamilton Insurance Group chief executive officer told conference delegates that “technology and talent will...

Catalina Holdings (Bermuda) has completed its acquisition of a Swiss reinsurance company. The deal was completed after approval by Swiss regulators for the takeover. Catalina has bought Allianz Suisse Ruckversicherungs-Gesellschaft AG — Allianz Suiss...

Bermuda-based insurance services company Randall & Quilter Investment Holdings Ltd (R&Q) has completed its first deal in Vermont. The deal involves the novation of liabilities from Automobile Dealers Insurance Company, Inc (ADIC), a group captive, to...

Clarien Bank will not increase its Bermuda dollar base lending rate in the wake of the US Federal Reserve yesterday announcing it was raising interest rates by 0.25 per cent. The bank said it will “continue to monitor changes in the global interest r...

Bermuda specialty reinsurer MultiStrat has appointed a former Bank of Bermuda senior manager to its board of directors. Raymond O’Neill — a specialist in asset management — held senior posts at the bank, now HSBC. Bob Furness, chairman and chief exec...

On January 1 Bermuda will be handed a golden opportunity to further differentiate itself as a leading jurisdiction for insurance and reinsurance as Solvency II equivalence ‘goes live’. From that moment, Bermuda (re) insurance companies will be placed...

Bermuda-based Qatar Reinsurance Company has been granted a licence to operate a branch office from the Dubai International Financial Centre (DIFC) in the United Arab Emirates. The approval was given by the Dubai Financial Services Authority and becam...

Two former staff of Montpelier Re have joined Novae Group, and will work for the insurer’s US direct and facultative (D&F) team at the company’s Bermuda office. Keerome Maybury has joined Novae as a senior associate underwriter. He was formerly an as...

Warwick Academy’s From Bears to Bulls team in the KPMG Investment Challenge may be in their pyjamas — but they are not sleeping on the job. The team was sitting third in the November ratings in the annual schools competition, just behind Dobby’s Trad...

An $18 billion merger deal between Willis Group Holdings and Towers Watson has been approved by shareholders in both firms — despite some opposition. A spokesman for Willis, in a statement on preliminary results from the vote, said: “Shareholders of ...

Aspen Re has renewed its special purpose insurer Silverton Re for 2016 with increased capital. Aspen Re is the reinsurance segment of Bermuda-based Aspen Insurance Holdings Ltd and its Aspen Capital Markets division set up Silverton two years ago wit...

Introducing Bitcoin, the new, newest thing in the global medium of exchange. We know our current mediums as variously, cash in hand, stock values on a piece of paper, gold bars in a vault, sterling silver on our wrists, real property immovable on the...