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Member companies of the Association of Bermuda Insurers and Reinsurers recorded a robust 21 per cent year-over-year increase in net premium written in 2021, the organisation reported. Abir’s global underwriting report, released yesterday, comprises d...

Digicel Business has launched new rates for mobile business plans affecting corporate customers. The company said that Digicel Business will offer faster, more reliable and secure coverage. The service includes unlimited local and international talk,...

Susie Tindall has been promoted to managing director of Carey Olsen Services Bermuda Limited. She succeeds Michael Frith, who has moved to the position of chairman. Both have been with the corporate services provider, a member of the Carey Olsen Berm...

Risk, capital and strategic adviser to the (re)insurance industry, TigerRisk Partners LLC, has appointed Mitchell Rosenberg as partner and managing director of its investment banking division, TigerRisk Capital Markets & Advisory. Mr Rosenberg will r...

Everest Reinsurance, the reinsurance division of Bermudian-based Everest Re Group Ltd, has appointed Kevin Bogardus as senior vice-president, head of business development Asia Pacific, effective September 8. He will be based in Singapore and report t...

Avance Gas Holding Ltd, the Bermudian-based company engaged in the transportation of liquefied petroleum gas, has reported a net profit of $18.4 million in the second quarter of the year. That compares to a net profit of $24.3 million in the first qu...

The provisional liquidators of a defunct bakery have offered to sell it, a published legal notice has advised. The operators of the Cake Shop at 17 Curving Avenue, Pembroke, notified customers at the end of April that the business was closing down. A...

Darag Group, the international legacy acquirer, has concluded a new agreement with an undisclosed captive insurance company. The transaction structure was a novation of its 03-06 and 15/16 policy years with primarily workers’ compensation reserves, a...

Sompo International, the Bermudian-based global provider of commercial and consumer property and casualty re/insurance, has sold its Endurance at Lloyd’s run-off business to RiverStone Holdings Limited (RiverStone International). Sompo said that it e...

The value of global investments into insurtech plummeted by nearly 80 per cent in 2021, a report by London-based data and analytics company GlobalData Technology has revealed. The organisation said the 79.6 per cent drop in investments last year has ...