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Bermuda was hit by fresh jobs gloom today after HSBC Bermuda announced another round of redundancies. A spokeswoman for the bank confirmed that jobs would go as part of a bid to streamline the operation. She added: “To accommodate the new structure, ...

The Bermuda Post Office has advised the public to bring an invoice when collecting goods through the post office. As the BPO acts as an agent for HM Customs, anyone who has received a notification from the post office indicating “value required” must...

Atrium Underwriting Group Ltd has been acquired by Enstar Group Limited and Stone Point Capital, who announced they have completed the purchase from Arden Holdings Ltd. Enstar recently announced its expansion into live underwriting with its acquisiti...

Custodian Life Ltd, as a class C insurer — the tier of licence for long-term insurers and reinsurers with total assets of less than $250 million — was one of the new companies to register in Bermuda during October. In total there were seven new insu...

Bermuda-based insurer Tower Group International Ltd is cutting about 140 jobs, or 10 percent of its global workforce, after it posted a second-quarter loss of more than half a billion dollars. It is not clear whether any of its Bermuda employees will...

A senior executive at Argo Re has been promoted to president of the company. Matthew Wilken will take over from Andrew Carrier, who has held dual roles as chief underwriting officer for Argo Group and president of Argo Re for the last two years. Mr C...

A top industry expert is to announce the key findings of a major survey on hedge funds at a meeting in Bermuda on Thursday. Michael Lee, who has just been appointed global asset management leader at EY, will reveal the results of the annual survey at...

Henry Keizer is a new member of the Montpelier Re Holdings Ltd board. He was appointed to fill a vacancy, and joins “with immediate effect,” according to a press release from the reinsurer. Montpelier, a provider of short-tail reinsurance and other s...