Schroders has confirmed that its asset management business will continue in Bermuda following its acquisition by J.P. Morgan.
With last year’s shares on the Bermuda Stock Exchange (BSX) down 40 percent from the year before, the Island—known primarily for its insurance and reinsurance business—is seeking a way to bounce back.
Karson Management (Bermuda) has launched a specialist collateral provider, whose first act was to complete a $825 million transaction for ING Insurance.
Lloyd’s is set to achieve a profit of up to $23 billion this year—an increase of as much as 27 percent from 2009 if estimates are correct.
MetLife is in talks with American International Group about a $15 billion takeover of its life insurance subsidiary ALICO.
Models that use short-run data to predict insured losses significantly overestimate loss assumptions, according to a report by independent catastrophe risk management firm Karen Clark & Company.
Arthur J. Gallagher International is to open a facultative reinsurance brokering operation in Sao Paulo, Brazil.
Marsh & McLennan, Aon and Willis Group Holdings have reached an agreement with authorities in New York to amend their 2005 regulatory settlement agreements.
The business will be led by David Hopwood.
Novae Group, a specialist listed Lloyd’s insurer, has appointed Kieron Russell as a senior class underwriter, crisis management.