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Hayley Johnston has been named as the new chief executive officer of Lancashire Insurance Company Limited. She will assume the role next spring. She succeeds Elaine Whelan, who announced her retirement plans earlier this year, and will step down as C...

Bermudian reinsurers have struggled for profitability over the past two years, but prospects are looking brighter in 2019, according to a top industry analyst. Taoufik Gharib, senior director of S&P Global Ratings, said data over the first three qua...

Bermudian-based Hamilton Insurance Group Ltd has announced the launch of a new team of underwriters at recently-acquired Pembroke Managing Agency Ltd as well as the development of a new cyber product. Pembroke’s four-person cyber team is led by divi...

Even when you are in the business of risk modelling and looking at all manner of potential perils, there are some concerns that overshadow others. Whether you call it climate change, extreme weather events, or simply a “mega catastrophe” of the $400 ...

Mark Watson has stepped down as chief executive officer of Argo Group International Holdings. The surprise immediate departure comes only months after a bruising proxy battle with activist investor Voce Capital Management LLC. Argo is due to release ...

It’s time to review a mutual fund fact sheet, prospectus and financial statements for the oldest operating mutual fund in the United States (since 1924), the Massachusetts Investor Trust (MFS) with current assets under management in excess of $5.8 bi...

Dear Dave, Is it okay to give very young children an allowance? — Christie Dear Christie, Teaching kids there’s an emotional connection between work and money is one of the best things you can do as a parent. Once your kids are old enough to do a fe...

Insurance prices are increasing at an accelerating rate, according to Evan Greenberg. The chief executive officer of Chubb Corp expressed his thoughts on a firming market after the group beat Wall Street estimates with third-quarter net income of $1....

Bermudians holding the Association of Chartered Certified Accountants designation can now be recognised professionally in Bermuda, in a field where only members of the Chartered Professional Accountants of Bermuda had been previously accorded recogni...

Markel Corp reported third-quarter earnings of $193.4 million as underwriting performance improved. The Glen Allen, Virginia-based company with re/insurance operations in Bermuda said it had net income of $13.95 per share. The results exceeded analys...

Insurers and reinsurers may not be able to stop climate change, but they can take a role in reducing its effects and helping people recover when catastrophes happen. Ways they can do so include incentivising property owners to make wiser choices abou...

Axis Capital Holdings Limited suffered a “disappointing quarter” as its income was impacted by typhoons in Japan, Hurricane Dorian and some losses in its credit and aviation lines of business. The Bermudian-based insurer and reinsurer made a profit o...