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AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Bermuda captive Evergreen Insurance Company Limited, with a stable outlook. The ratings reflect EICL’s balance sheet stre...

Hoegh LNG Partners LP, the Bermudian-based floating liquefied natural gas service provider, has announced the resignation of John V Veech as chairman of the partnership’s board of directors. Mr Veech has also stepped down from the board entirely, the...

AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit rating of “aa-” (Superior) of XL Bermuda Ltd (Axa XL) and its subsidiaries. The outlook of these credit ratings is stable. The ratings reflect Axa XL’...

Everest Reinsurance, the reinsurance division of the Bermudian-based global re/insurer Everest Re Group Ltd, has announced that David Mann will join the company as vice-president, head of casualty for Everest Reinsurance (Bermuda) Ltd, UK branch, eff...

Apollo, the independent specialist insurer and reinsurer, has entered into a partnership with Envelop Risk, who will underwrite a new class of cyber reinsurance business within Apollo Syndicate 1971, with effect from the 2023 year of account. This ne...

There have already been 6,000 votes cast for the Female Entrepreneurship Award 2022, according to the organisers. And they are hoping to exceed the 8,000 record from last year. The annual award by WOMB Bermuda (Women who Own and Manage Businesses) re...

Under fire Argo Group International Holdings Ltd, the Bermudian-based underwriter of specialty insurance products, has reported a net loss attributable to common shareholders of $51.4 million for the third quarter of the year. That compares to net in...

Bermudian-based holding company Assured Guaranty Ltd has reported net income of $11 million in the third quarter. That compares with net income of $17 million in the third quarter a year ago. This year’s third quarter result includes after-tax losses...

Alex Baker has been promoted to the post of group chief risk officer at Hamilton Insurance Group Ltd. as of January 1, subject to the requisite regulatory approval. Mr Baker will report to group CEO Pina Albo and replaces Pete Skerlj, who will be lea...

Bermuda market veteran Peter Skerlj is to join Vantage Group Holdings Ltd in February as chief risk officer, the company has announced. Mr Skerlj will be based in Bermuda and report to Greg Hendrick, Vantage’s chief executive officer. In this new rol...