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AM Best said that credit ratings of Fortitude Reinsurance Company Ltd. and its affiliate, Fortitude International Reinsurance Ltd., remain unchanged following their March 31 announcements. Fortitude has made it known that it has entered into an agree...

Richard Winchell is to retire from the Association of Bermuda International Companies. He was the first executive director of Abic and has served since the beginning in 2006. Mr Winchell will formally vacate the post at the end of the year. He has s...

Fifty new jobs could be created when a new drive-through restaurant opens at 95 Middle Road, Devonshire, the site of a former mini mart. The new venture is part of a strategy through an investment group branded Food Hub, being led by entrepreneur Mar...

Court House Squash & Wellness has launched an exclusive membership perks programme that offers discounts at a variety of businesses on the island. The fitness facility, which has more than 1,000 members and two club locations in Hamilton, said the ne...

Sam Riihiluoma has been appointed to the position of counsel in the Bermuda office of international law firm Appleby. Mr Riihiluoma works in the dispute resolution department of the firm. Appleby has also promoted two lawyers to partner, and appointe...

Kevin O’Donnell, the president and CEO of Bermudian-based reinsurer RenaissanceRe, has accepted the role of chair of Climate Wise. Acting in partnership with the University of Cambridge Institute for Sustainability Leadership, Climate Wise brings tog...

White Mountains Insurance Group Ltd has announced that HG Global Ltd has closed a $150 million, 10-year term loan credit facility with Hudson Structured Capital Management Ltd, conducting its re/insurance business as HSCM Bermuda, and Security Benefi...

AM Best has assigned a financial strength rating of A+ (Superior) and a long-term issuer credit rating of “aa-” (Superior) to Bermudian-based Wilton Re Overseas Limited. The outlook assigned to these credit ratings is stable. AM Best said the entity ...

Chubb Bermuda will serve as lead sponsor of Bermuda’s delegation to the Risk and Insurance Management Society’s annual conference in the San Francisco Bay Area from April 11-14, the Bermuda Business Development Agency has announced. RISKWORLD is the ...

Bermudian-based Axis Capital Holdings Limited has appointed Fintan Mullarkey as CEO of Axis Specialty Europe SE, subject to regulatory approval. ASE is Axis Capital’s specialty insurance legal entity domiciled in Ireland and regulated by the Central ...