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A Supreme Court judgment against a Bermuda subsidiary of banking giant Credit Suisse will cost them some $600 million, the bank said in its first-quarter financial report today. The judgment relates to life insurance policies of a client of Credi...

Investment losses overshadowed positive underwriting results as Bermudian-based global re/insurer SiriusPoint Ltd reported a net loss of $217 million in the first quarter of the year. That compared with net income of $168.4 million in the prior year ...

The Bermuda chapter of the Institute of Directors is to offer a non-executive directors course for half its normal rate. “The role of the non-executive director” stand-alone course on May 10 is part of the organisation’s ongoing professional developm...

Palomar Holdings Inc, the California-based holding company of subsidiaries including Palomar Specialty Reinsurance Company Bermuda Ltd, has reported net income of $14.5 million for the first quarter of 2022 compared to $16.6 million for the first qua...

Bermudian-headquartered Hamilton Insurance Group Ltd has announced two senior underwriting appointments at Hamilton Select Insurance Inc, its newly-launched E&S insurer. Devon Minarik has joined as head of US small business casualty insurance and Log...

Bermudian-based Textainer Group Holdings Limited, one of the world’s largest lessors of intermodal containers, has reported net income of $72.7 million for the first quarter, compared to $72.9 million for the fourth quarter of 2021. Adjusted net inco...

RenaissanceRe Holdings Ltd, the Bermudian-based reinsurer, has reported a first-quarter net loss attributable to common shareholders of $394.4 million. That compares with a net loss of $290.9 million in the first quarter of 2021. Operating income att...

Apollo Group Holding Ltd, the independent specialist insurer and reinsurer, has appointed Bermuda market veteran Susan Pateras as independent non-executive chairwoman of Apollo Bermuda Limited, the group’s recently established Bermudian subsidiary. T...

Sue Couper has been appointed the new general manager of LOM Asset Management Limited. This is her second tenure with LOM, having spent five years previously with the company as managing director for LOM Financial (Bermuda) Limited. Ms Couper has nea...

Bermudian-based Axis Capital Holdings Limited has launched a portfolio underwriting unit which targets multi-class portfolio business that is placed in the London specialty insurance market. Axis said the portfolio team is now actively underwriting p...