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AM Best has affirmed the credit ratings of Bermudian-based RenaissanceRe Holdings Limited and its main subsidiaries. The ratings agency affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit ratings of “aa-” (Superior...

Bermudian-based Somers Limited, the financial services investment holding company, is to go private after its shareholders approved a merger with SNB Investments. The company held a special general meeting at which shareholders voted in favour of the...

The Bermuda Business Development Agency will support the 60th annual Florida Insurance Council Summer Symposium next week in Orlando, Florida. The FIC programme will include state legislators, the Office of Insurance Regulation and other industry spe...

Counterpart, the management liability insurtech, is launching an excess insurance product for small businesses. The excess policy, backed by Aspen Insurance Holdings Limited, the Bermudian-based re/insurer, is another offering to support small busine...

Corvus Insurance, the specialty insurance MGA offering products powered by AI-driven risk data, has announced an expanded strategic partnership with SiriusPoint Ltd, the Bermudian-headquartered global specialty re/insurer, and R&Q Accredited, the pro...

A new report from KPMG said island governments were developing new or refreshed national economic strategies to get their countries on the right track after being hard hit by the pandemic. The report outlined best-in-class examples of how islands are...

Ashly Turner has been appointed to lead US Energy Insurance and Steve Blackwell to lead US Life Sciences Insurance at Hamilton Select Insurance Inc, Hamilton’s newly-launched E&S insurer with a financial strength rating of A- (Excellent) from A.M. Be...

Mandarin Oriental International Limited is selling the luxury and iconic Mandarin Oriental, Washington DC, for some $139 million with a post-tax, non-trading gain of approximately $45 million to be recognised in 2022, according to a filing with the B...

Twenty Bermudian students received scholarships worth $605,000 to support their further education at the Association of Bermuda International Companies Education Awards. One of the island’s largest and longest-running post secondary scholarship progr...

A US Court ruling that supported a division of Everest Re Group Ltd. has been affirmed by a federal appeals court, Business Insurance has reported. The lower court ruling said the Everest Re unit does not have to defend or indemnify a financial advis...