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John Duda has joined the Bermuda office of Miller, the independent specialist re/insurance broker, as head of ILS development and capital management products. In his new role, Mr Duda will focus on developing Miller’s business in the Bermudian market...

KBRA has affirmed the following insurance financial strength ratings of the insurance subsidiaries of the Tower Hill Insurance Group: A- for Tower Hill Prime Insurance Company (TH Prime) and BBB+ for Tower Hill Preferred Insurance (TH Preferred), Tow...

Bermudian-based Randall & Quilter Investment Holdings Ltd has reported a loss of $127.4 million for fiscal year 2021. That compares with a profit of $37.7 million in the prior year. The group IFRS loss was primarily impacted by a $90-million pre-tax,...

Apex Group Ltd, the global financial services provider based in Bermuda, has been appointed by 3iQ Digital Asset Management, Canada’s largest digital asset investment fund manager. With $1.4 billion in assets under management, 3iQ offers investors co...

Fitch Ratings has assigned an 'A+' insurer financial strength rating to Athene Annuity Re Ltd. The rating outlook is stable. The ratings previously assigned to Athene Holding Ltd. and its insurance subsidiaries are unaffected. AARe's 'A+' IFS rating...

The Bermuda Monetary Authority confirmed the registration of five insurers in May, taking this year’s number of new registrants to 32. The BMA approved two restricted special purpose insurers – Eagle Re 2022-1 Ltd and Marlin Re Ltd – as well as Frees...

The Bermuda Business Development Agency is promoting Bermuda as a base for fintech and climate risk finance in London this week

Somers Limited, the financial services investment holding company, has received an unsolicited offer from shareholders representing approximately 95 per cent of the company’s issued share capital to acquire all of the company’s issued shares. The Ber...

Four Bermudians have been promoted at law firm Carey Olsen Bermuda Limited. Kyle Masters, Sam Stevens and Jay Webster are to join the Carey Olsen group partnership and Michelle Falcucci is to be promoted to counsel, with effect from July 1. Managing ...

Bermudian-headquartered Keon Foundation Ltd has partnered with Boston-based Algorand as the layer-1 blockchain solution for its regulated decentralised finance asset management ecosystem. The foundation, established this year as a non-profit exempted...