Reinsurance S&P Global Ratings elevates Ascot Group The agency raises its long-term issuer credit rating on the insurer for its strengthened capital position The agency raises its long-term issuer credit rating on the insurer for its strengthened capital position Aug 29, 2025 7:59 AM
Reinsurance Jessica Laird takes over as Nephila head Predecessor Frank Majors says the time is right to take a step back Predecessor Frank Majors says the time is right to take a step back Aug 27, 2025 6:45 PM
Reinsurance Sompo buys Aspen for $3.5bn The purchase will add $4.6 billion in gross written premium to Sompo’s profits The purchase will add $4.6 billion in gross written premium to Sompo’s profits Aug 27, 2025 3:34 PM
Reinsurance Somerset Life Re receives excellent AM Best ratings The credit ratings agency assesses reinsurer’s balance-sheet strength as strong The credit ratings agency assesses reinsurer’s balance-sheet strength as strong Aug 27, 2025 7:57 AM
Reinsurance US health insurers get negative outlook AM Best attributed the downgrade to higher medical costs and increased utilisation AM Best attributed the downgrade to higher medical costs and increased utilisation Aug 25, 2025 7:04 PM
Reinsurance PwC announces line-up for 18th Insurance Summit Speakers at the November conference include chief executives from several of the world’s top 25 reinsurers Speakers at the November conference include chief executives from several of the world’s top 25 reinsurers Aug 22, 2025 12:26 PM
Local Business Profitmaking Aegon mulls moving HQ to US The insurance company, which shifted domiciles to Bermuda two years ago, made about $704 million The insurance company, which shifted domiciles to Bermuda two years ago, made about $704 million Aug 22, 2025 7:59 AM
Local Business Helen Souza named Bermuda Captive Network consultant The executive will leverage her knowledge of the sector to support membership and business development The executive will leverage her knowledge of the sector to support membership and business development Aug 21, 2025 6:15 PM
Local Business Fidelis reports $19.7m in Q2 net income Losses from the Russia-Ukraine aviation litigation are no longer expected to weigh on future performance Losses from the Russia-Ukraine aviation litigation are no longer expected to weigh on future performance Aug 19, 2025 7:59 AM
International Business AIG appoints Scott Hallworth to spearhead GenAI strategy The executive brings a deep, technical background in digital and actuarial capabilities to the company The executive brings a deep, technical background in digital and actuarial capabilities to the company Aug 19, 2025 7:58 AM
Reinsurance Vesttoo creditors seek $500,000 recovery from Appleby Insurtech’s failure is claimed to be one of the largest and most brazen insurance frauds in corporate history Insurtech’s failure is claimed to be one of the largest and most brazen insurance frauds in corporate history Aug 18, 2025 7:58 AM
Reinsurance California schools look to Bermuda for insurance A state law that makes it easier to sue for alleged child sexual assault has led to rising insurance costs for districts A state law that makes it easier to sue for alleged child sexual assault has led to rising insurance costs for districts Aug 18, 2025 7:57 AM
Reinsurance Strong Bermuda cat bond registration There were 14 special purpose insurers registered with the Bermuda Monetary Authority in the first half of the year There were 14 special purpose insurers registered with the Bermuda Monetary Authority in the first half of the year Aug 14, 2025 6:00 PM
Local Business Trend towards onshore captive domiciles, analysts say There was a net increase of about 100 US captives last year There was a net increase of about 100 US captives last year Aug 14, 2025 8:05 AM
International Business AI gives cat modellers new tools to predict deadly derechos Karen Clark says artificial intelligence is less efficient at predicting hurricanes, earthquakes or trends in climate change Karen Clark says artificial intelligence is less efficient at predicting hurricanes, earthquakes or trends in climate change Aug 14, 2025 8:04 AM
Reinsurance SiriusPoint to stem wildfire capacity shortage A new strategic partnership with a leading commercial property managing general underwriter A new strategic partnership with a leading commercial property managing general underwriter Aug 12, 2025 7:12 PM
Reinsurance AIG awards $35,000 in scholarships Navaeh Barclay and Cheron Hunt are this year’s recipients Navaeh Barclay and Cheron Hunt are this year’s recipients Aug 12, 2025 2:34 PM
Reinsurance Carrick enters loss portfolio transfer Carrick intends to assume the covered business of National Casualty Company of America Limited and several other firms Carrick intends to assume the covered business of National Casualty Company of America Limited and several other firms Aug 11, 2025 2:22 PM
Local Business Assured Guaranty reports $103m net income for Q2 Shareholders’ equity per share in the bond insurer reached a record $117.10 as of June 30 Shareholders’ equity per share in the bond insurer reached a record $117.10 as of June 30 Aug 10, 2025 8:00 AM
Reinsurance AIG Q2 profit rises to $1.1bn The firm’s chairman and chief executive Peter Zaffino called Q2 outstanding The firm’s chairman and chief executive Peter Zaffino called Q2 outstanding Aug 07, 2025 6:00 PM
Local Business Hamilton Insurance Group posts strong Q2 results The Bermuda segment drove much of the growth, increasing gross premiums by 25.9 per cent The Bermuda segment drove much of the growth, increasing gross premiums by 25.9 per cent Aug 07, 2025 5:48 PM
Local Business Lancashire Holdings reports profit of $109.2m The group reported a discounted combined ratio of 87.4 per cent, which points to continued profitability The group reported a discounted combined ratio of 87.4 per cent, which points to continued profitability Aug 07, 2025 4:01 PM
Reinsurance Hiscox reports pre-tax profit of $276m In its latest interim report, pre-tax income was down $6.9 million compared to the same period last year In its latest interim report, pre-tax income was down $6.9 million compared to the same period last year Aug 07, 2025 3:46 PM
Reinsurance IGI posts $61.4m profit for first six months Net income was down $9.3 million compared to the same period last year Net income was down $9.3 million compared to the same period last year Aug 06, 2025 5:48 PM
Local Business Fidelis expands capital return to shareholders A $200 million buyback boost and dividend increase will return value while the company invests in underwriting A $200 million buyback boost and dividend increase will return value while the company invests in underwriting Aug 06, 2025 4:48 PM
International Business Aon: insurance prices fall, but not for long Globally, average pricing fell between 1 and 10 per cent, with the US seeing double-digit reductions Globally, average pricing fell between 1 and 10 per cent, with the US seeing double-digit reductions Aug 06, 2025 4:31 PM
Reinsurance Markel to sell reinsurance renewal rights The sale to Nationwide is part of a broader strategy to simplify operations and grow the business The sale to Nationwide is part of a broader strategy to simplify operations and grow the business Aug 05, 2025 6:14 PM
Reinsurance Chubb subsidiary announces pricing of $1.25bn senior notes offering Net proceeds will be spent on general corporate purposes Net proceeds will be spent on general corporate purposes Aug 05, 2025 2:49 PM
Obituaries Robert Barclay (1930-2025): ‘remarkable’ career journey A powerhouse insurance broker from Canada came to Bermuda as the industry went into overdrive A powerhouse insurance broker from Canada came to Bermuda as the industry went into overdrive Aug 05, 2025 7:58 AM
Local Business Aspen names Ryan Cushway to lead international and UK casualty The role is designed to streamline leadership and strengthen the company’s global casualty operations The role is designed to streamline leadership and strengthen the company’s global casualty operations Aug 04, 2025 5:49 PM
