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Allied World, the Swiss-based re/insurer with Bermuda offices, reported a fall in profits and gross written premiums in the first quarter of 2016. 21 April 2016
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Insurance captive manager Marsh IAS has named Jill Husbands as chairman of Marsh IAS Bermuda and Lawrence Bird as head of office for Marsh IAS in Bermuda. 20 April 2016
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Bermuda’s Minister of Finance the Honourable Bob Richards has announced that Bermuda has signed its declaration to the Multilateral Competent Authority Agreement for the exchange of Country by Country Reports (CbC) after a long period of consultation with industry which began last year. 20 April 2016
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White Mountains Insurance Group, a financial services holding company based in Bermuda, has completed the sale of Sirius International Insurance Group to a subsidiary of CM International Holding, the Singapore-based investment arm of China Minsheng Investment Corp. 19 April 2016
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RenaissanceRe Ventures, a subsidiary of Bermuda-based reinsurer RenaissanceRe, has purchased 595,238 newly issued shares of common stock in property/casualty insurer Kingstone Companies. 19 April 2016
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A new development to company law in Bermuda will place additional requirements on all companies whether local or exempted, according to legal services firm Harneys. 19 April 2016
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ArgoGlobal, a Lloyd’s insurer and member of Bermuda-based Argo Group, has named Tony Latham as a non-executive director of the Board of Argo Managing Agency. 18 April 2016
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Capsicum Re, has added Alistair Lockhart-Smith and Jerry Reeves to its marine & energy specialty business, as a managing partner and partner respectively. 18 April 2016
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Harneys, a legal services firm, has appointed global corporate and insurance lawyer Michael Skrbic as counsel in its Bermuda office. 15 April 2016
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Re/insurers are facing a race against time to assess their potential exposures to the so-called Panama Papers, a legal adviser to the industry has warned. 15 April 2016
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