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Bermuda-based insurance and investment firm Old Mutual has been bought by Beechwood Bermuda. Old Mutual, which has more than $1 billion in assets, closed for new business in 2009. Now Beechwood, a major provider of international investment plans that...

Insurance and reinsurance broker Willis Group Holdings has completed the acquisition of Gras Savoye, the French insurance broker. In April last year Willis, which is based in London and has offices in Bermuda, announced a $590 million offer to acquir...

About 50 students and insurance industry professionals attended a special networking lunch held by the Bermuda Foundation for Insurance Studies (BFIS). Undergraduates, recent graduates and high school students got the chance to meet actuaries, accoun...

A sizeable number of Bermuda insurers and reinsurers have opened offices in the Dubai International Financial Centre in the United Arab Emirates. This month a further three Bermuda-based companies joined the list; Axis, Partner Re and Qatar Re. The ...

Bermuda’s business chiefs will be out in force at next month’s World Captive Forum. The event, to be held in Florida, will include several speakers from Bermuda including lawyers, regulators and business leaders. And Bermuda delegates will use the ev...

Company directors would be better positioned to make decisions in a fast-changing world if they consult with an “under-25 mentor”. That is the view of Charlotte Valeur, a corporate governance adviser, who believes that understanding how young people ...

SAC Capital Advisors LP — the now defunct hedge fund that set up a Bermuda reinsurer in 2012 — agreed to pay $10 million to end a lawsuit by Wyeth LLC shareholders who claimed they lost money because SAC engaged in insider trading. A pension fund for...

Squeezed investment returns in the ultra-low interest-rate environment will be one of the major operating challenges facing property and casualty (P&C) insurers in the year ahead, according to credit rating agency Fitch. Investment yields in insurers...

Bermuda-based insurance services company Randall & Quilter Investment Holdings (R&Q) has rounded off 2015 with a flurry of deals. On Christmas Eve, the firm announced the novation of liabilities for policy years 2000—2003 from Golden Rule Ltd, a Caym...

Ratings agency AM Best has maintained its negative outlook for the reinsurance sector for next year. It said that ongoing market challenges will hinder the potential for positive ratings action and might even translate into negative ratings pressures...

All ten graduates who were this year awarded scholarships by the Bermuda Foundation for Insurance Studies (BFIS) have secured jobs in the industry. BFIS chairman Gail Martin said that all the students were working in Bermuda or overseas. “I am please...

Expect more merger activity in a tough insurance industry that is getting tougher, top executives told conference delegates in Hamilton yesterday. A wave of consolidation has swept through Bermuda’s flagship industry this year, highlighted by the Ren...