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Somers Limited has reported a net loss of $46.9 million for the second quarter of its fiscal year as the company was buffeted by the severe downturn in global investment markets. The Bermudian-based financial services investment holding company said...

Rebecca H Tadikonda has been appointed executive vice-president, strategy and innovation at Bermudian-based Athene Holding Ltd. Ms Tadikonda was formerly executive vice-president, head of MetLife Holdings. In this newly created role, Athene said, Ms ...

Carmen Trott has been promoted to principal engineer at iEPC Limited, the Bermudian-based engineering company announced today. In her new role, Ms Trott will be responsible for managing the entire team of engineers at the company. She said: “I am thr...

Bermudian-based Apex Group Ltd, the global financial services provider, has announced the planned acquisition of the fund services and third-party management company business operations of Maitland International Holdings plc, an international fund se...

Starr Insurance Companies has announced an agreement with FPG Insurance Holdings Limited (HK) and local Thai shareholders to purchase FPG Insurance Public Company Limited, a Thai non-life insurance company, together with local Thai parties. Starr sai...

AM Best has removed Coralisle Group Ltd’s subsidiaries from “under review with developing implications” and affirmed CG’s credit rating following its acquisition this month of Barbados-based Massy United Insurance Ltd, the Bermudian-based insurer rep...

The Bermuda Monetary Authority confirmed the registration of seven insurers in April, taking this year’s number of new registrants to 27. The BMA approved three restricted special purpose insurers – Gateway Re Ltd, Long Point Re IV Ltd and Yosemite R...

Nayms has graduated from the Bermuda Monetary Authority’s regulatory sandbox to become the world’s first, fully regulated crypto-native insurance marketplace, the Bermuda Business Development Agency announced. The BDA said Nayms bridges legacy insura...

Artex, an alternative risk solutions company, has announced the transition of Horseshoe to Artex. Artex expanded its ILS offerings with the acquisition of Horseshoe in 2019. “Horseshoe has always been more than just an ILS specialist firm and the Art...

California-based Altamont Capital Partners has acquired a majority stake and made a $150 million growth capital commitment to Fleming Holdings, the property and casualty insurance capital solutions business that includes Bermudian-based Fleming Reins...