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Global trading markets experienced an absolute disruption (expressed in investment terms) last week. As fears of contagion from the coronavirus with the possible concomitant reductionor freeze in supply chains’ access for global industries, and many...

A profit of $29.7 million, or 32 cents per share, has been reported by Third Point Re for the fourth quarter. That compares to a $298 million loss for the same period in 2018. The Bermudian-based reinsurer had net income of $200.6 million, or $2.16 p...

Qatar Re chief executive officer Michael van der Straaten has been appointed CEO of QIC Global (International), effective from the beginning of March. It is a year since he took over the reins at Bermudian-based Qatar Re following the resignation of ...

John McSweeney and Larissa Roche have joined Appleby Bermuda’s dispute resolution and corporate department. Prior to becoming an associate in Appleby’s dispute resolution department, Mr McSweeney was a litigation associate at Cox Hallett and Wilki...

Despite this week’s dramatic decline in the major stock indices, markets remain within 5 per cent of their all-time highs. Now, as the long running bull market in stocks approaches 11 years some investors may be wondering what to do next. Should they...

American International Group Inc has entered into an accelerated share repurchase agreement with Citibank, N.A. to repurchase $500 million of AIG’s common stock. It is part of AIG’s existing share repurchase authorisation of $2 billion announced a y...

Industry veteran Christopher Conway has joined the Bermuda office of TigerRisk Partners LLC. He takes up a newly-created senior role on its reinsurance and retrocession teams, where he will report to Alex Bridges, partner and head of retrocession. Mr...

Bermuda is set to reap benefits from the merger of Estera and Ocorian, which happened this month. That’s the view of Alison Dyer, managing director of Ocorian’s Bermuda office. There will be no impact on jobs at its office in Bermuda, which has a 74...

Two veterans of the island’s captive insurance sector have been added to the Captive Review Hall of Fame. David Ezekiel and Roger Gillett are among the three new hall of famers named this year. At the same time, a number of Bermudian-based insurance ...

Argo Group International Holdings Ltd made a $103.3 million loss in the fourth quarter, which resulted in a $8.4 million loss for the full year. For the quarter it was equivalent to a loss of $3.01 per share. The GAAP combined ratio was 126.7 per cen...

Dear Dave, My husband passed away last year at just 45 years old. We always tried to be careful with our money, and we were in good enough shape financially that I paid for his funeral with cash. A few days ago, I started getting letters from the fun...

A reader who was born in the US, and has a Bermudian parent and a Bermudian grandfather who resides on the island, has asked a question about her status. She is 30, and while she has visited her relatives, she has never lived in Bermuda. Her Bermudia...