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Lloyd’s of London is asking managing agents to no longer provide new insurance cover for coal-fired power plants, thermal coal mines, oil sands and new arctic energy exploration. It said is to start phasing out such coverage. In its first Environment...

Insurance executive Steve Horton knows first-hand the value that internship programmes at re/insurance companies can provide for both students and organisations. Mr Horton was 15 when he interned with London-based insurance carriers Lexington, part o...

Bermudian-based life reinsurer F&G Reinsurance will operate under a new brand, Aspida Re, after the takeover of the company was completed. Ares Management Corporation and its indirect subsidiary Aspida Holdings Ltd today announced the completion of A...

Insurers BF&M have postponed the re-opening of their office for walk-in business until December 29, the company announced today. The office on Pitts Bay Road in Pembroke was scheduled to re-open for walk-in traffic next Monday. A spokeswoman for BF&M...

An insurance company has closed its doors to walk-in customers after two staff members tested positive for the coronavirus. CG Insurance’s Reid Street office will be shut until December 29. A spokeswoman said: “It has come to our attention that two C...

Major forces reshaping the life insurance and retirement market have been identified in EY’s latest NextWave Insurance paper. The low interest rate environment means product-driven business models of the past cannot keep up with evolving demand, and ...

The biggest insurance start-up in Bermuda’s history, Convex Group Ltd, is gaining traction and is looking to bolster its team and its Bermudian operation. That will include hiring and investing in local talent, and a larger office on the island. The ...

Undisclosed benefits associated with the use of a corporate aircraft, helicopter trips and tickets and transportation to sporting, fashion and other entertainment events, have resulted in a $450,000 civil penalty for Mark Watson, the former CEO of Ar...

Bowring Marsh (Bermuda) Ltd has announced three promotions. Lindsay Roos, healthcare placement leader, has been named managing director for healthcare placement team. She joined the company in 2013 and will continue to lead the team of healthcare bro...

Resolution Re has donated $10,000 to the Lady Cubbit Compassionate Association to provide additional funding to their general assistance programme. The funds will be used to provide food vouchers during this Christmas period. Veronica Harvey, execu...

ILS Bermuda has launched an internship programme to give Bermudian students a taste of work in the burgeoning insurance-linked securities industry. The group, which promotes economic development through the growth of ILS and alternative risk transfer...

Fidelis and Ascot Group have added a combined $585 million to the capital flowing into the re/insurance market. Ascot yesterday priced a $400 million debt offering of ten-year senior notes at 4.25 per cent. Fidelis said today it had raised $185 mill...