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Restricting capacity has led Fitch Ratings to forecast a double-digit bump in reinsurance rates for the property catastrophe business at January renewals, significant as some 60 to 70 per cent of non-facultative reinsurance business is up for renewal...

Wista Bermuda, the local chapter of the Women’s International Shipping and Trading Association, will take advantage of the Wista International programme development for two initiatives aimed at supporting women rising in the maritime industry. Wista ...

International specialty insurer and reinsurer Axis Capital has made a $15,000 donation to the educational non-profit Peak Potential Bermuda, for Scholars Bermuda, a learning centre that offers tutoring support for children of all ages. Peak Potential...

Bermuda-based special-purpose insurer Herbie Re Ltd has listed $80 million worth of notes on the Bermuda Stock Exchange. The Series 2022-1 notes are due on January 8, 2027, the BSX said in a statement. The listing sponsor is Clarien BSX Services Ltd...

Bermuda-based captive insurance company Transmonde Services Insurance Company Ltd has had its financial strength rating of A affirmed by the ratings agency AM Best. AM Best has also affirmed Transmonde’s long-term issuer credit rating of “a” and said...

The Bermuda Monetary Authority has cancelled the registration of HBC Management Limited. The BMA said HBC was registered as a non-licensed person on November 20, 2019 under the provisions of Section 10 of the Proceeds of Crime (Anti-Money Laundering ...

Two of Bermuda’s iconic and historic brands have come together to create a new fragrance, Island Rose. The Hamilton Princess & Beach Club has collaborated with master perfumer Isabelle Ramsay-Brackstone, of Lili Bermuda, in their quest to create a fr...

The Bermuda Business Development Agency’s second annual Bermuda Risk Summit is to be staged in March, with two headline sponsors already on board. Themed “Innovation, Sustainability and Collaboration”, the event includes discussions involving investo...

MS Reinsurance, the global reinsurer, has appointed Marlin Ramlal as senior underwriter, property. Based in Bermuda, Ms Ramlal will join MS Reinsurance on Monday and will report to Andrew Shaw, lead underwriter, property. With more than 17 years’ exp...

Seadrill Limited, the offshore drilling contractor based in Bermuda, has announced that its joint venture operation has secured an extension with a total contract value of $327 million for the firm. Sonadrill Holding Ltd, Seadrill's 50-50 joint ventu...