Hashtag: #BusinessExecutives
Teekay: Senior Management Departure
Teekay Corporation has announced that Geir Sekkesaeter, Senior Vice President, Conventional Fleet Operations, and Head, Technical, Safety and Quality, left the Bermuda-based international tanker firm for personal reasons, effective on March 31, 2013. Peter Evensen, Teekay’s President and Chief Executive Officer said, “Geir Sekkesaeter has... Read more of this article
PartnerRe Announces Desmet Appointment
Bermuda-based PartnerRe Ltd. has announced that Laurie Desmet has been appointed to PartnerRe’s executive management committee effective Monday [Apr. 1]. Ms Desmet will serve as Chief Operations Officer, Group and will have executive responsibility of PartnerRe’s operations support worldwide. Ms. Desmet has more than 28 years of experience, both... Read more of this article
Business Bermuda CEO Packwood To Retire
After more than six years as Chief Executive Officer of Business Bermuda, Cheryl Packwood has announced her retirement from the organization. Ms. Packwood began working with the Bermuda International Business Association in October 2006 after serving as General Manager at AT&T and Cingular Wireless that later became Digicel Bermuda and Director... Read more of this article
AXIS Appoints Wilson: U.S. Insurance President
Bermuda-based AXIS Capital Holdings Limited has appointed Peter Wilson as its President of U.S. Insurance. At AXIS, Mr. Wilson will be responsible for the management of all of the Company’s U.S. Insurance operations, including the Professional Lines and Property and Casualty Divisions. Mr. Wilson will join AXIS in May and will be based in the Company’s... Read more of this article
Lazzaro Appointed To Property Catastrophe Team
Hiscox Bermuda has expanded its US property catastrophe team with the appointment of Bill Lazzaro as Vice President – Underwriting. Reporting to Bevis Tetlow, Senior Vice President at Hiscox Bermuda, Bill Lazzaro joins from Aon Benfield where he held a variety of roles over the last nine years, most latterly as Director leading reinsurance placement... Read more of this article
OIL Holds AGM At Fairmont Southampton
Bermuda’s Oil Insurance Limited [OIL] held its 2013 Annual General Meeting last Wednesday [Mar. 20] at the Fairmont Southampton Hotel. Management reviewed OIL’s 2012 audited financials with the shareholders. During the year, OIL had $672 million of written and earned premium while incurred losses, inclusive of loss adjustment expenses, totaled... Read more of this article
Bermuda Named In Congressional Tax Studies
The tax bills of US multinationals have dropped sharply in recent years because corporations are off-shoring profits in advantageous tax jurisdictions like Bermuda. Research firm S&P Capital IQ said companies included in the Dow Jones industrial average — a select group with representatives from most major business sectors — are paying... Read more of this article
Bermuda-Based Firm “Eyes JO Hambro”
Bermuda-based Utilico Investments has emerged as favourite to buy JO Hambro Investment Management from current owner Credit Suisse, the Financial News website is reporting tonight [Mar. 24]. According to one investor, Utilico, led by accountant Duncan Saville, is not the only potential bidder, but he said JO Hambro viewed it as the most sympathetic... Read more of this article
Poland Joins Argo Group As Vice President
Bermuda-based Argo Group International Holdings, Ltd. announced yesterday [Mar 21] that Thomas A. Poland has joined Argo Group as vice president to head the new Inland Marine unit of Colony Specialty. The company`s broad portfolio of Inland Marine products will include: customer goods in transit, motor truck cargo legal liability, contractor`s equipment,... Read more of this article
Butterfield Bank To Nominate Wendall Brown
The Board of Directors of The Bank of N.T. Butterfield & Son Limited today [Mar 21] announced that Mr. Wendall Brown will be nominated for election as a Director of the Bank at the Annual General Meeting of Shareholders on 1 May 2013. Mr. Brown is Chairman and President of BDC2000 Limited, the parent company of Bermuda General Agency Limited and... Read more of this article
Canopius Renames Bermuda Platform
Canopius Group Ltd. has renamed its Bermuda-based reinsurance platform Canopius Reinsurance Ltd. In a statement today [Mar. 19], Guernsey-based Canopius said that, after the sale last week of Canopius Holdings Bermuda to Tower Group Inc., it had renamed Omega Specialty Insurance Ltd., its Bermuda-based reinsurance arm. Canopius Reinsurance Ltd. has... Read more of this article
Rose Joins Argo As Chief Investment Officer
Mark H. Rose has joined Bermuda-based Argo Group International Holdings, Ltd. as chief investment officer. “Mark brings to Argo Group a broad knowledge of markets and asset classes and has experience investing, managing and trading for a number of different financial institutions,” said Argo Group Chief Executive Officer Mark E. Watson III. “He... Read more of this article
