business and finance

Sompo International Holdings Hires Julian James

By bernews.com
Published On :: Sun, 26 Jan 2020 11:00:09 +0000

Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that Mr. Julian James will soon join the organization to lead the London market and International insurance platforms. Subject to regulatory approval and after a short period of transition, Mr. James will succeed Mr. Graham Evans as the Chief […]

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Fidelis Announces Appointment Of John Symms

By bernews.com
Published On :: Mon, 27 Jan 2020 11:20:59 +0000

Fidelis announced the appointment of John Symms as Head of Outwards Reinsurance. Working closely with Phil Vandoninck in his role as CEO of Socium, Fidelis’s partnerships Pillar, Symms will coordinate all aspects of engagement with reinsurers across all segments of the business, the company said. Richard Brindle, Chairman and Group Chief Executive Officer of Fidelis […]

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Jasmine DeSilva & Anastasia Slater Join BDA

By bernews.com
Published On :: Mon, 27 Jan 2020 20:44:08 +0000

The Bermuda Business Development Agency [BDA] said they have “bolstered its team with the appointment of two experienced and talented Bermudians to further enhance its work to attract inward direct investment to the island.” “Jasmine DeSilva joined last week as Business Development Manager and is responsible for driving initiatives in the insurance industry, working closely […]

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Butterfield Announce Management Appointments

By bernews.com
Published On :: Tue, 28 Jan 2020 15:11:15 +0000

In a filing with the Bermuda Stock Exchange, the Bank of Butterfield announced management changes. The full filing stated: “The Bank of N.T. Butterfield & Son Limited today announced the appointment of Jane Pearce as its new Group Head of Trust [subject to regulatory approvals], replacing Bob Moore who is retiring after more than 22 years with […]

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Sarah Carr Joins Bowring Marsh Bermuda

By bernews.com
Published On :: Wed, 29 Jan 2020 11:05:16 +0000

Bowring Marsh, the international placement specialist of Marsh, announced today that Sarah Carr has joined the firm as Financial and Professional Liability [FINPRO] Placement Leader in Bermuda, reporting to Chris Reeves, CEO, President, and COO, Bowring Marsh Bermuda. In this role, Ms. Carr is responsible for leading a team of Bowring Marsh colleagues in Bermuda […]

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Aspen Appoints Andrew Kudera As Executive VP

By bernews.com
Published On :: Thu, 30 Jan 2020 13:48:07 +0000

Aspen Insurance Holdings announced that Andrew [Andy] Kudera has been appointed Executive Vice President and Group Chief Actuary, effective February 3, 2020. Mr. Kudera brings 40 years of actuarial experience in the re/insurance industry to Aspen. Prior to managing his own consulting firm, he served as Executive Vice President and Group Chief Actuary at Validus Group […]

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Ann Manal Joins RenaissanceRe As CHRO

By bernews.com
Published On :: Tue, 04 Feb 2020 10:39:58 +0000

RenaissanceRe Holdings announced that Ann Manal has joined the Company as Chief Human Resources Officer responsible for overseeing the global HR Function. She will be based at the Company’s Bermuda headquarters. Kevin O’Donnell, President and Chief Executive Officer, stated: “I am delighted to welcome Ann to our global leadership team. “At RenaissanceRe, our people are […]

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Fidelis Appoints Daniel Burrows & Ian Burford

By bernews.com
Published On :: Tue, 04 Feb 2020 19:36:38 +0000

Fidelis Insurance announced that founder member Daniel Burrows has been promoted to Group Managing Director for the Fidelis Group and Ian Burford has been appointed to Chief Executive Officer for Fidelis Underwriting Limited [FUL]. Burrows joined Fidelis in 2015 and previously was co-CEO of AonBenfield’s Global ReSpeciality [GRS] division. Burford has over 30 years’ experience […]

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BDA Appoints Four New Board Members

By bernews.com
Published On :: Fri, 07 Feb 2020 17:55:10 +0000

The Bermuda Business Development Agency [BDA] has appointed Susan Pateras, Barclay Simmons, Marc Telemaque, and Leon Thomas to the company’s board of directors A spokesperson said, “The Bermuda Business Development Agency [BDA] has appointed four new members to the company’s board of directors. “Joining the board are Susan Pateras, COO of Liberty Specialty Markets; Barclay […]

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Argo Appoints Carol McFate To Board

By bernews.com
Published On :: Sat, 08 Feb 2020 13:00:41 +0000

Argo Group International Holdings announced the appointment of Carol A. McFate to its Board of Directors. “We’re honored to welcome Carol to our Board,” said Argo Group Chairman, Gary Woods. “This is a year of renewed opportunity for Argo Group, and strong, independent oversight is crucial to taking full advantage of it. “Carol’s impressive background and […]

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Abacus Appoints Daryl Fubler To New COO Role

By bernews.com
Published On :: Mon, 10 Feb 2020 22:35:34 +0000

Abacus Ltd. announced the appointment of Daryl Fubler as Chief Operating Officer [COO]. A spokesperson said, “Bermuda based financial solutions firm Abacus Ltd. announced the appointment of Daryl Fubler as Chief Operating Officer [COO]. The newly created role will include managing Abacus’ growth and ongoing evolution of service offerings. “Abacus Ltd. provides a full range […]

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HSBC Announces Resignation & Appointment

By bernews.com
Published On :: Wed, 19 Feb 2020 10:48:28 +0000

In a filing with the Bermuda Stock Exchange, HSBC announced the resignation and appointment of directors. The filing stated: HSBC Managed Portfolios Limited HSBC Corporate Money Funds Limited HSBC Specialist Funds Limited [each a “Company”] Director Resignation and Appointment The Board of Directors of each Company wish to announce the resignation of Mr. Anthony Joaquin […]

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Scott Gunter Appointed CEO Of AXA XL

By bernews.com
Published On :: Thu, 20 Feb 2020 17:00:34 +0000

AXA announced the appointment of Scott Gunter, previously Senior Vice President of Chubb Group and President of Chubb’s North America Commercial Insurance division, as CEO of AXA XL. He will replace Greg Hendrick, who has decided to pursue other opportunities outside the Group, and will join AXA’s Management Committee, reporting to Thomas Buberl, CEO of […]

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Thomas Gallagher Elected Chairman Of BSX

By bernews.com
Published On :: Fri, 21 Feb 2020 23:51:16 +0000

The Bermuda Stock Exchange [BSX] has announced that Chairman and CEO Thomas P. Gallagher of Miami International Holdings [MIH] – the parent holding company of the MIAX Exchange Group and majority stock owner of the BSX – has been elected Chairman of the Council [Board of Directors] of the BSX. Outgoing Chairman David A. Brown […]

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Argo Announce Board Of Directors Nominees

By bernews.com
Published On :: Sat, 22 Feb 2020 11:00:44 +0000

Argo Group International Holdings announced the nominations of Dr. Bernard C. Bailey & Fred R. Donner to stand for election to the company’s board of directors at Argo’s annual shareholder meeting on April 16, 2020. A spokesperson said, “Argo Group International Holdings, Ltd. an international underwriter of specialty insurance and reinsurance products in the property and […]

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Kathy Parker Joins Bacardi Limited As CMO

By bernews.com
Published On :: Tue, 25 Feb 2020 11:19:54 +0000

Bacardi Limited announced the appointment of Kathy Parker as Chief Marketing Officer for Patrón tequila and Grey Goose vodka, with Ms Parker set to relocate to Bermuda with her family in August. The company said, “Bacardi Limited, the largest privately held spirits company in the world, today announces the appointment of Kathy Parker as Chief Marketing Officer […]

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AXIS Announces Retirement Of Michael Butt

By bernews.com
Published On :: Wed, 26 Feb 2020 23:18:26 +0000

AXIS Capital Holdings Limited announced today that Michael Butt, Chairman of the Board of Directors, will retire from the Company, effective September 16, 2020. “A co-founder of AXIS and member of the Insurance Hall of Fame, Mr. Butt is a recognized industry leader who is credited for his instrumental role in establishing Bermuda as one […]

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John McSweeney & Larissa Roche Join Appleby

By bernews.com
Published On :: Thu, 27 Feb 2020 11:00:34 +0000

Appleby Bermuda is welcoming John McSweeney and Larissa Roche to its Dispute Resolution and Corporate department. A spokesperson said, “Mr. McSweeney is an associate within the Dispute Resolution department in Bermuda. Prior to joining Appleby, Mr. McSweeney was a litigation associate in another Bermuda law firm where he represented clients in a wide range of […]

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Qatar Re Appoints Van Der Straaten As CEO

By bernews.com
Published On :: Thu, 27 Feb 2020 11:27:22 +0000

Qatar Re announced the confirmation of Michael van der Straaten as the Company’s CEO. Earlier this year, he was appointed acting CEO of Qatar Re. Qatar Re also announced the appointment of Pantelis Koulovasilopoulos as CUO – Long Tail & Specialty Classes. He formerly served as Qatar Re’s deputy CUO – Long Tail & Specialty Classes. […]

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Marvin Pestcoe Joins Hamilton Insurance Board

By bernews.com
Published On :: Thu, 27 Feb 2020 20:16:56 +0000

Hamilton Insurance Group, the Bermuda-headquartered group of companies has appointed Marvin Pestcoe company’s Board of Directors. A spokesperson said, “Mr. Pestcoe is Executive Chair and Chief Executive Officer at Langhorne Re, the joint-venture, third-party capital-backed life and annuity reinsurance firm launched by RenaissanceRe and Reinsurance Group of America. “Mr. Pestcoe’s 35-year career in insurance, reinsurance […]

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Sandra Boss To Step Down From Enstar Board

By bernews.com
Published On :: Sun, 01 Mar 2020 16:00:20 +0000

Enstar Group Limited announced that Sandra Boss will step down from its Board of Directors in order to pursue a full-time executive role with another company. Ms. Boss has been a director of the Company since November 2015. She serves as Chair of the Risk Committee and is a member of the Compensation Committee and […]

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Ocorian Appoints Louise Charleson As Partner

By bernews.com
Published On :: Mon, 02 Mar 2020 15:14:38 +0000

Ocorian, a global provider of corporate and fiduciary services, fund administration and capital markets, has appointed Louise Charleson as Partner in its Bermuda Legal Services team. Ms. Charleson has extensive legal experience in Bermuda, having most recently been Head of Legal at Bermuda Commercial Bank Limited. Prior to this she held senior roles at leading […]

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Everest Announces Senior Leadership Changes

By bernews.com
Published On :: Tue, 03 Mar 2020 14:13:09 +0000

Everest Re Group, Ltd. announced that Sanjoy Mukherjee will transition from his Bermuda role on April 1 and return to his full time duties as General Counsel and Corporate Secretary of Everest Re Group, Ltd. The company said, “Everest Re Group announced today that Sanjoy Mukherjee, Executive Vice President, General Counsel and Corporate Secretary, and current Managing […]

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Fergus Fergusson Appointed Division Head

By bernews.com
Published On :: Thu, 05 Mar 2020 10:26:19 +0000

Hamilton Insurance Group, the Bermuda-headquartered group of companies underwriting specialty insurance and reinsurance on a global basis, announced that Fergus Fergusson has been appointed to the position of Division Head, Excess Casualty for Syndicate 4000, managed by Hamilton Managing Agency Limited, and for Hamilton Insurance DAC, the Company’s Dublin-based carrier. “We’re delighted to welcome Fergus […]

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Appleby Hires Rebecca Holloway & Joy Martin

By bernews.com
Published On :: Thu, 12 Mar 2020 16:11:29 +0000

Appleby Bermuda has welcomed Bermudians Rebecca Holloway and Joy Martin as compliance officers within the compliance team. Ms Holloway graduated from Bristol University with a Bachelor of Arts degree in French and Spanish. Ms Holloway is a Certified Anti-Money Laundering Specialist [CAMS] and Certified Financial Crime Specialist [CFCS]. Prior to joining Appleby, she served as a […]

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Argus Group Appoints David Brown As Director

By bernews.com
Published On :: Tue, 17 Mar 2020 09:15:15 +0000

In a filing with the Bermuda Stock Exchange [BSX], Argus Group Holdings Limited [Argus Group] announced the appointment as a Director of Mr. David A Brown with effect from February 10, 2020. Related Stories Argus Announces Retirement Of Steinhoff Argus Appoints Simmons As Director Argus Group Reports Net Profit Of $8.2 Million Argus CFO Retires: […]

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Argus Announces Retirement Of Steinhoff

By bernews.com
Published On :: Wed, 25 Mar 2020 09:13:50 +0000

In a filing with the Bermuda Stock Exchange [BSX], Argus Group Holdings Limited announced retirement as a Director of Mr. Robert David Steinhoff with effect from March 20, 2020. Related Stories Argus Appoints Simmons As Director Argus Group Appoints David Brown As Director Argus Group Reports Net Profit Of $8.2 Million Argus CFO Retires: Dunkerley To […]

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Sompo Appoints Michael Carroll As Senior VP

By bernews.com
Published On :: Tue, 31 Mar 2020 13:05:05 +0000

Sompo International Holdings Ltd. has been appointed Michael P. Carroll as Senior Vice President & Deputy Head of Life Sciences for Sompo Global Risk Solutions [GRS]. A spokesperson said, “Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced today that Michael P. Carroll has been appointed Senior Vice […]

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Appleby Hires Kit Cunningham & John Small

By bernews.com
Published On :: Fri, 03 Apr 2020 12:40:39 +0000

Appleby Bermuda has welcomed Kit Cunningham and John Small to its Corporate department. Mr. Cunningham is an associate in Appleby’s Bermuda office practicing in all areas of corporate and commercial law, including finance, insurance, public and private M&A, digital asset business and technology, intellectual property, and aviation. He was called to the Bermuda Bar in November […]

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Walkers Announces Addition Of Adam Bathgate

By bernews.com
Published On :: Tue, 07 Apr 2020 09:35:18 +0000

Walkers [Bermuda] Limited has announced that Adam Bathgate has joined the firm as a partner in the Corporate, Finance, Funds & Insurance Group. A spokesperson said, “Adam started his career with Clifford Chance and was part of its leveraged finance group in London and Munich before spending eight years in the Cayman Islands, where his […]

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Argo Group Elects New Board Members

By bernews.com
Published On :: Fri, 17 Apr 2020 09:54:22 +0000

Argo Group International Holdings announced shareholders’ election of three new board members: Bernard C. Bailey, Fred R. Donner, and Argo Group Chief Executive Officer Kevin J. Rehnberg. “Today marks several noteworthy milestones for Argo,” said Thomas A. Bradley, Argo Group board chairman. “We appreciate the support from our shareholders approving meaningful governance enhancements and the election […]

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AXA XL Announces New Leadership Team

By bernews.com
Published On :: Wed, 22 Apr 2020 09:19:43 +0000

AXA XL has announced a new leadership team and proposed changes to the operating model of its insurance business following a strategic review. A spokesperson said, “Key proposed changes to the operating model include the creation of a single global insurance Underwriting Function and the establishment of three geographical Business Units across the Americas, Eurasia, […]

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AXA XL Promotes Carla Whitehurst

By bernews.com
Published On :: Thu, 23 Apr 2020 21:27:48 +0000

AXA XL today announced that Carla Whitehurst has been promoted to the new role of Head of Legal Bermuda. Ms. Whitehurst, formerly Senior Vice President, Associate General Counsel, is an attorney licensed to practice law in Bermuda, Maryland, and Jamaica. In her new role, Ms. Whitehurst is responsible for leading the coordination of all legal […]

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BILTIR Appoint Natasha Scotland Courcy

By bernews.com
Published On :: Tue, 28 Apr 2020 12:54:52 +0000

Bermuda International Long Term Insurers and Reinsurers [BILTIR] has appointed Natasha Scotland Courcy to its Board of Directors. A spokesperson said, “Mrs Scotland Courcy is Senior Vice President, General Counsel and Co-Chief Operating Officer at Athene Life Re Ltd., a leading global life reinsurer established in 2009. “In addition to her supervisory role over the […]

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BELCO Office Hours, Bill Deferment Programme

By bernews.com
Published On :: Tue, 05 May 2020 13:28:42 +0000

BELCO announced that its head office on Serpentine Road will be open Monday to Friday from 8.30am to 3.00pm for bill payments, and their bill deferment programme is still in effect. A spokesperson said, “Bermuda Electric Light Company Limited [BELCO] today announced that its head office at 27 Serpentine Road will be open Monday to Friday […]

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Ministry Of Finance Operations As Of May 4

By bernews.com
Published On :: Tue, 05 May 2020 20:32:25 +0000

The Ministry of Finance is advising the public of the current resumption of services and hours of operation for the Office of the Tax Commissioner, the Accountant General’s Office, the Department of Social Insurance and the Registrar of Companies. A Government spokesperson said, “The Office of the Tax Commissioner will have limited staff, on rotation, […]

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Ascendant Group Announces 1st Quarter Results

By bernews.com
Published On :: Tue, 05 May 2020 20:36:01 +0000

In a filing with the Bermuda Stock Exchange [BSX], Ascendant Group Limited’s announced results for the first three months of 2020. The full filing stated: “Ascendant Group Limited, a publicly traded provider of energy and energy-related services, today announced results for the first quarter of 2020, with core earnings of $4.1 million, or $0.42/share, compared […]

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Bermuda Stock Exchange Report: May 5 2020

By bernews.com
Published On :: Wed, 06 May 2020 09:15:14 +0000

May 5 saw 733 shares trade on the Bermuda Stock Exchange, valued at $12,466.30 BD. 333 shares were traded by Bermuda Aviation Services Ltd, closing up 8.9% at $1.10 per share, while another 400 shares were traded by Ascendant Group Limited, closing even at $30.25 per share. The BSX finished at 1,654.21, up 0.03% on […]

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Arch Capital Reports 2020 First Quarter Results

By bernews.com
Published On :: Wed, 06 May 2020 09:46:59 +0000

Bermuda-based Arch Capital Group Ltd. announced its 2020 first quarter results. The results included: Net income available to Arch common shareholders of $133.7 million, or $0.32 per share, a 5.0% annualized return on average common equity, compared to $438.1 million, or $1.07 per share, for the 2019 first quarter; After-tax operating income available to Arch […]

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AXIS Capital Reports First Quarter Results

By bernews.com
Published On :: Wed, 06 May 2020 09:52:45 +0000

AXIS Capital Holdings Limited announced financial results for the first quarter ended March 31, 2020. Commenting on the first quarter 2020 financial results, Albert Benchimol, President and CEO of AXIS Capital, said: “As our industry and society continue to navigate the challenges brought on by COVID-19, our primary thoughts are with the people, families and […]

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Importers Reminded To Collect Cargo From Docks

By bernews.com
Published On :: Wed, 06 May 2020 14:11:09 +0000

Stevedoring Services Limited [SSL] is reminding importers that cargo should be collected from the Hamilton Docks as soon as possible. A spokesperson said, “Stevedoring Services Limited would like to remind all importers [independent and agent representatives] that cargo should be collected from the Hamilton Docks as soon as possible. “Demurrage [storage fees] is in effect. […]

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Douglas Joins Forbes Communications Council

By bernews.com
Published On :: Wed, 06 May 2020 16:35:37 +0000

Jamari Douglas, Marketing Director at the Bermuda Business Development Agency, has been accepted into Forbes Communications Council, an invitation-only community for executives in communications, marketing, and public relations. Jamari Douglas was vetted and selected by a review committee based on the depth and diversity of his experience. Criteria for acceptance include a track record of […]

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Police Service: ‘We All Need To Do Our Part’

By bernews.com
Published On :: Wed, 06 May 2020 16:41:49 +0000

The Bermuda Police Service is urging businesses and patrons to abide by the new regulations in the area of physical distancing and wearing of protective face-masks when shopping. A police spokesperson said, “The Bermuda Police Service has partnered with the Chamber of Commerce to work on ways to help patrons and owners at reopened businesses, […]

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MarketPlace Offer 5% Discount For FA Recipients

By bernews.com
Published On :: Wed, 06 May 2020 20:29:26 +0000

[Updated] MarketPlace announced a “daily 5% discount for recipients of financial assistance for six months to support them through the challenging times ahead.” A spokesperson said, “The new daily 5% discount offering, which comes into effect from Thursday, May 7, is our way of continuing to support our community members who need it most. “The […]

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One Communications April Share Repurchases

By bernews.com
Published On :: Thu, 07 May 2020 09:14:22 +0000

In a filing with the Bermuda Stock Exchange [BSX], One Communications Ltd., advised that pursuant to its share repurchase programme, during the month of April 2020 the company repurchased 99,000 of its common shares at an average price of $4.00 for immediate cancellation. Related Stories One Communications Share Repurchases One Communications Share Repurchase One Communications […]

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Bermuda Stock Exchange Report: May 6 2020

By bernews.com
Published On :: Thu, 07 May 2020 09:15:54 +0000

May 6 saw 6,000 shares trade on the Bermuda Stock Exchange, valued at $172,050.00 BD. 1,000 shares were traded by Bank of N.T. Butterfield Ltd, closing down 7.0% at $20.00 per share, while another 4,700 shares were traded by Ascendant Group Limited, closing up 12.2% at $33.95 per share. 300 shares were traded by One […]

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PartnerRe Dividends On Preferred Shares

By bernews.com
Published On :: Thu, 07 May 2020 09:19:19 +0000

Bermuda-based PartnerRe Ltd. announced that its Board of Directors has declared a dividend for the period March 1, 2020 – May 31, 2020, of $0.40625 per share on the Company’s 6.50% Series G Cumulative Redeemable Preferred Shares, $0.453125 per share on the Company’s 7.25% Series H Cumulative Redeemable Preferred Shares, and $0.3671875 per share on […]

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Assured Guaranty Declares $0.20 Dividend

By bernews.com
Published On :: Thu, 07 May 2020 09:27:52 +0000

Assured Guaranty Ltd. today declared a quarterly dividend of $0.20 per common share. The dividend is payable on June 3, 2020 to shareholders of record at the close of business on May 20, 2020. Assured Guaranty Ltd. is a publicly traded Bermuda-based holding company. Through its subsidiaries, Assured Guaranty provides credit enhancement products to the […]

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Monument Re Donates $120,000 To BCF

By bernews.com
Published On :: Thu, 07 May 2020 10:00:55 +0000

Monument Re has donated $120,000 to the Bermuda Community Foundation’s [BCF] Emergency Fund, with contributions from individual staff members matched by the company. A spokesperson said, “Monument Re announced today that the company is donating $120,000 to the Bermuda Community Foundation’s Emergency Fund. “The donation represents contributions from the company together with generous contributions from […]

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RenaissanceRe Reports First Quarter Results

By bernews.com
Published On :: Thu, 07 May 2020 10:18:17 +0000

RenaissanceRe Holdings reported net loss attributable to RenaissanceRe common shareholders of $82.0 million, or $1.89 per diluted common share, in the first quarter of 2020, compared to net income available to RenaissanceRe common shareholders of $273.7 million, or $6.43 per diluted common share, in the first quarter of 2019. Operating income available to RenaissanceRe common shareholders […]

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