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AM Best has revised the outlooks to positive from stable and affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit ratings of “A-” (Excellent) of two wholly-owned subsidiaries of Bermudian-based Hamilton Insurance G...

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a+” (Excellent) of Bermudian-based Cedar Hamilton Limited and its parent company, Nuclear Electric Insurance Limited of Delaware. Cedar Ham...

Bermudian-based Catalina Holdings Ltd and joint venture partner Oxenwood Real Estate LLP have secured a £52.8 million ($68.8 million) funding package from NatWest that will be used to refinance a portfolio of five assets across Britain, including fou...

Apex Group Ltd, the Bermudian-based global financial services provider, has been appointed to provide fund services to Blockchain.com Asset Management, a new crypto asset management platform powered by Blockchain.com with investments managed by Altis...

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit ratings of “a+” (Excellent) of the members of Athene Group, which is the consolidation of the organisation’s US operating companies, along with its af...

Legacy specialist Darag Group has concluded a new agreement with an offshore captive insurance company. The company said the structure of the approximately $10 million transaction is a novation, allowing the counterparty full legal finality. The tran...

Bermuda Monetary Authority veteran Shanna Lespere has been appointed to the new permanent post of deputy chief executive officer with the organisation, effective immediately. Mrs Lespere, who joined the BMA in 2004, will be tasked with providing exec...

The Bermuda Business Development Agency has launched a new climate risk finance hub and an environmental, social, and governance webpage detailing the island’s commitment to blending business-friendly practices with policies for a sustainable future....

Bermudian-headquartered Altamira Therapeutics Ltd has reached the midpoint for enrolment in its Covamid clinical investigation of its Bentrio™ nasal spray in patients with acute Covid-19. Covamid is a randomised, placebo controlled clinical trial to ...

The Bermuda Monetary Authority is seeking special reporting from the island’s insurance groups on underwriting and balance sheet exposures to the Russia-Ukraine war for the period to the end of March. Respondents are asked to complete reporting forms...