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A special session of the Florida legislature has led to insurance reforms that will bring relief to the state’s homeowners market, but capacity will likely remain limited with high reinsurance costs in the near future. That’s the view of rating agenc...

Lawyers from across four of Appleby’s global offices have been recognised in the 2023 edition of the Private Client Global Elite Directory. Vanessa Schrum, head of private client and trusts in Bermuda, and Bermuda senior associate Caljonah Smith have...

White Mountains Insurance Group Ltd has announced that Ark Insurance Holdings Limited, its specialty property and casualty reinsurance and insurance subsidiary, has sponsored the formation of a reinsurance sidecar to provide collateralised reinsuranc...

Arcadian Risk Capital has appointed Paddy Cole as senior vice-president, professional liability in its Bermuda office. Mr Cole joins from Markel Global Insurance in Dublin, where he was a senior underwriter specialising in professional liability. He ...

Bermuda urgently needs to update its intellectual property laws to allow it to better compete, according to an industry task force

Symetra Financial Corporation, a wholly owned subsidiary of Sumitomo Life Insurance Company, has established Symetra Bermuda Re Ltd. The new operation will reinsure certain risks of Symetra Life Insurance Company, a subsidiary of Symetra Financial Co...

Shareholders at a special general meeting of Frontline Ltd have approved the Bermudian-based shipping company’s redomiciliation to Cyprus. Frontline is engaged primarily in the ownership and operation of oil tankers and product tankers. The company’s...

Axa XL Reinsurance has appointed Tristan Abend to the newly expanded position of head of property, responsible for both US & International business in Bermuda. The company said Mr Abend has worked as part of the property team for Axa XL Reinsurance f...

RiverStone International has entered into loss portfolio transfer reinsurance agreements with affiliates of Axis Capital Holdings Limited, which cover several of its professional lines and liability insurance portfolios, predominantly relating to 201...

AM Best has assigned ratings to two reinsurers domiciled in Bermuda. The ratings agency assigned a financial strength rating of A (Excellent) and a long-term issuer credit rating of “a+” (Excellent) to both Fontana Reinsurance Ltd and Fontana Reinsur...