Claire Shefchik

1 week ago | royalgazette.com | Claire Shefchik

Acrisure Re has appointed Roman Romeo as president and head of its Bermuda operations, as the global reinsurance broker looks to strengthen its presence on the island. Mr Romeo, who took up the post on April 7, will report to Michael Cross, president of Acrisure Re North America. He will lead the local team with a mandate to grow the business, improve service capabilities and build out a high-performing team.

1 week ago | royalgazette.com | Claire Shefchik

Africa Specialty Risks has appointed industry veteran Trevor Oates as its new head of reinsurance. In his new role, Mr Oates will be responsible for ceded reinsurance purchasing across the ASR group, which operates underwriting balance sheets in Bermuda, Mauritius and at Lloyd's through Syndicate 2454. He will also work closely with ASR's capacity providers, including Lloyd's syndicates supporting the Africa-focused Baobab consortium.

1 week ago | royalgazette.com | Claire Shefchik

Specialty reinsurer Compre Group Holdings Ltd has finalised its acquisition of the CSE Group, a US subsidiary of French mutual insurance group Covéa.​The CSE Group consists of two California-domiciled personal lines insurance carriers that stopped underwriting new business in 2024.

1 week ago | royalgazette.com | Claire Shefchik

BermudAir's new, twice-weekly direct service between the island and the North Carolina state capital, Raleigh, will run on Mondays and Fridays, using a 70-seat Embraer E175 aircraft, targeting both weekend leisure travellers and business passengers. The route to Raleigh-Durham International Airport is described by both airline officials and the RDU Airport Authority as a strategic move that enhances Bermuda's connectivity to a growing US innovation corridor.

1 week ago | royalgazette.com | Claire Shefchik

Bermudian-headquartered Gold Reserve Ltd is contesting a US court-appointed recommendation to designate Red Tree Investments as the lead bidder in the sale of Citgo Petroleum Corp's parent company, PDV Holding Inc. A hearing on the objections is scheduled for April 17 in Wilmington, Delaware. ​The legal dispute stems from a $7.1 billion bid submitted by Gold Reserve's US subsidiary, Dalinar Energy, which was not selected as the "stalking horse" bid.