Robert Newhouse, Who Helped Create Bermuda Insurance Industry, Dies

Robert "Bob" J. Newhouse Jr., an insurance industry veteran who spent much of his career with Marsh & McLennan Cos., died on Aug. 26. Newhouse began his career in the insurance industry in 1954. He was a senior executive for Guy Carpenter & Co. and retired as vice chairman of the parent company, Marsh & McLennan Cos. He was one of the architects of the Bermuda insurance industry and was one of the founders and early directors of Ace Ltd., which is now Chubb. He helped create and manage other companies including Excel, AXIS, Mid Ocean and others, according to an obit...