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PartnerRe Ltd has had its ratings affirmed on the eve of its $9 billion sale to French mutual insurer Covéa. AM Best affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit rating of “aa-” (Superior) of the operating ...

Axis Capital Holdings Limited has announced a $250,000 endowment to international business school Insead to create a research fund on behalf of the company’s former chairman of the board. The Michael A. Butt Fund for Business & Society by Axis Capita...

A Madison Avenue agency specialising in travel and lifestyle public relations has taken over as image maker for the Hamilton Princess Hotel. Laura Davidson Public Relations was listed by Forbes magazine last year among “America’s best PR agencies”. I...

Net profits more than tripled to $24.3 million in the first quarter of the year for Avance Gas Holding Ltd, the Bermudian-based company engaged in the transportation of liquefied petroleum gas. That compared with a net profit of $7.5 million for the ...

Industry veteran David Harris has joined Bermudian-based Everest Re Group Ltd as senior vice-president, chief reserving actuary, succeeding Ellen Edmonds. He will report to Everest Group chief operating officer and head of reinsurance Jim Williamson,...

Bermudian-based life reinsurer and retirement services company Athene Holding Ltd and its subsidiaries have received credit ratings upgrades from Fitch Ratings. Fitch upgraded the Insurer Financial Strength ratings of Athene Annuity & Life Assurance...

Sompo International Holdings Ltd, the specialty property and casualty re/insurer based in Bermuda, almost doubled its adjusted profit for the fiscal year ended March 31, moving from $248.5 million in the prior year to $483 million. The performance of...

Industry veteran Matthew Rohrmann has joined Bermudian-based re/insurer Everest Re Group Ltd as senior vice-president, head of investor relations. Mr Rohrmann, who will report directly to Everest executive vice-president and CFO Mark Kociancic, succe...

A wholly owned subsidiary of Bermudian-based insurer Enstar Group Limited has closed a previously announced agreement for a ground-up loss portfolio transfer with island-based Aspen Insurance Holdings Limited and its subsidiaries for their 2019 and p...

Altamira Therapeutics Ltd, a Bermudian-headquartered biotechnology company, has reported promising results for trials of a nasal spray in reduction of an allergy. Altamira, which says it is dedicated to developing therapeutics that address important...