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Bermudian-based Sun Life Financial International has launched Sun Global Sentinel, a permanent participating whole life insurance product aimed at high net-worth clients. The company is a unit of Sun Life Financial, the Toronto-based financial-servic...

Insurance industry veteran Brian Duperreault has been made the honorary director of the charity that provides transport for the elderly and disabled. Mr Duperreault, the chief executive officer of global insurance firm AIG, was given the accolade by ...

Proxy advisory firm Institutional Shareholder Services Inc yesterday refused further comment after taking a swipe at Bermuda as a domicile in a report about a high-profile proxy battle. ISS, a subscription service for institutional investors, issued ...

The dispute between Argo Group International Holdings Ltd and activist shareholders Voce Capital Management erupted again after a proxy advisory firm threw its weight behind Argo’s slate of director nominees in advance of the firm’s annual general me...

Christian Dunleavy has been appointed chief executive officer of Aspen Bermuda Ltd. The promotion of Mr Dunleavy, who will also continue in the roles of managing director of Aspen Re and chief underwriting officer of Aspen Bermuda, is one of a slew o...

Athene Holding Ltd made a profit of $708 million, or $3.64 per diluted share, in the first quarter, a big increase on the $277 million, or $1.40 per share, it reported a year ago. The improvement was said to have been driven by favourable changes in ...

Everest Re Group Ltd made a profit of $348.9 million, or $8.54 per diluted share, for the first quarter. That was up from $210.3 million, or $5.11 per share, a year ago. After-tax operating income was $282.4 million, or $6.91 per share, compared to $...

Ryan Specialty Group and Nationwide have teamed up to form a new Bermudian reinsurance company called Geneva Re. Michael O’Halleran will be the new company’s executive chairman. Mr O’Halleran is well known in the industry, having previously served as...

Bermudian Michael Murdoch-Smith has been promoted by Allied World Assurance Holdings to vice-president, professional lines and team leader of Allied World’s Bermuda E&O team. He oversees professional liability for large law, accounting, architects &...

The insurance industry’s exposure to cyber-risk is “an accident waiting to happen”, says Stephen Catlin. The insurance industry veteran, who is leading $1.8 billion Bermudian start-up Convex Group, said some of the coverage being sold could not be ho...

Argo Group International Holding’s denial that it has an executive penthouse apartment above its New York City offices has stirred up more anger from activist shareholders. Because, while the company was correct when it batted away the claim, it did ...

James River Group Holdings, Ltd made a first-quarter profit of $22.7 million, or 75 cents per share. That was a 45 per cent improvement on the $15.6 million, or 52 cents per share, achieved a year ago. Adjusted net operating income for the first quar...