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Biltir represents 56 life re/insurers and 21 associate members in Bermuda that provide life and annuity products and employ more than 1,000 people on the island

The profit in Q2 compares with net income of $43 million in the first quarter of the year

Mr Kessel is studying Business Administration and working toward his Associate in Reinsurance designation

The summit is the signature event of Bermuda Tech Week, which is being held from October 7 to 13

The BEDC said the course provides entrepreneurs with the knowledge, tools, and resources needed to start their businesses successfully

The firm said it has donated more than $1.5 million to legal educations in the past five years

The company said the contract is for one well plus one optional well, and is expected to commence in the second quarter of 2024

Radnor Re, a Special Purpose Insurer, has funded reinsurance obligations through the issuance of four classes of mortgage insurance-linked notes

Mr Simmons is chairman and chief executive officer at advisory firm Rose Investment Limited and chairman of the Bermuda Public Funds Investment Committee

Banking sector assets contracted, however, by 6.2 per cent or $1.6 billion to $24.4 billion for the first quarter of 2023