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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...

A Singapore-based executive is to join insurance and reinsurance underwriters Argo Group. William Wharton has been appointed to head professional lines operations in Bermuda. He joins Argo from Catlin Insurance Singapore, where he served as head of f...

The world is changing fast and insurers must change with it if they want to survive, reinsurance veteran Brian Duperreault said yesterday. The Hamilton Insurance Group chief executive officer told conference delegates that “technology and talent will...

Catalina Holdings (Bermuda) has completed its acquisition of a Swiss reinsurance company. The deal was completed after approval by Swiss regulators for the takeover. Catalina has bought Allianz Suisse Ruckversicherungs-Gesellschaft AG — Allianz Suiss...

Bermuda-based insurance services company Randall & Quilter Investment Holdings Ltd (R&Q) has completed its first deal in Vermont. The deal involves the novation of liabilities from Automobile Dealers Insurance Company, Inc (ADIC), a group captive, to...

Bermuda specialty reinsurer MultiStrat has appointed a former Bank of Bermuda senior manager to its board of directors. Raymond O’Neill — a specialist in asset management — held senior posts at the bank, now HSBC. Bob Furness, chairman and chief exec...

On January 1 Bermuda will be handed a golden opportunity to further differentiate itself as a leading jurisdiction for insurance and reinsurance as Solvency II equivalence ‘goes live’. From that moment, Bermuda (re) insurance companies will be placed...

Bermuda-based Qatar Reinsurance Company has been granted a licence to operate a branch office from the Dubai International Financial Centre (DIFC) in the United Arab Emirates. The approval was given by the Dubai Financial Services Authority and becam...

Two former staff of Montpelier Re have joined Novae Group, and will work for the insurer’s US direct and facultative (D&F) team at the company’s Bermuda office. Keerome Maybury has joined Novae as a senior associate underwriter. He was formerly an as...

An $18 billion merger deal between Willis Group Holdings and Towers Watson has been approved by shareholders in both firms — despite some opposition. A spokesman for Willis, in a statement on preliminary results from the vote, said: “Shareholders of ...

Aspen Re has renewed its special purpose insurer Silverton Re for 2016 with increased capital. Aspen Re is the reinsurance segment of Bermuda-based Aspen Insurance Holdings Ltd and its Aspen Capital Markets division set up Silverton two years ago wit...