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A year after its launch, global re/insurer SiriusPoint Ltd says it is “just getting started”. The Bermudian-headquartered company debuted on February 26 last year as one of the first fully formed re/insurers of the Class of 2020, following the merger...

The Chamber of Commerce’s Annual Budget Breakfast, normally scheduled the Monday after the Budget Statement is delivered, has been postponed until Thursday. Chamber chief executive officer Kendaree Burgess said: “The Bermuda Chamber of Commerce apolo...

Russia’s invasion of Ukraine likely will impact the global insurance industry substantially in the near to midterm, AM Best believes. The rating agency said this is probable, especially given the significant fallout in the capital markets and potenti...

Bermudian-based holding company Assured Guaranty Ltd has reported net income of $389 million in fiscal year 2021. That includes a $175 million pre-tax ($138 million after-tax) loss on debt extinguishment resulting from the voluntary early redemption ...

Enstar Group Limited, the global insurance group based in Bermuda, has reported consolidated net earnings of $437 million for fiscal year 2021. That compares to consolidated net earnings of $1.7 billion in 2020. The company said key drivers of net ea...

Alaina Cubbon has joined Elementum Bermuda in the position of vice-president, portfolio management on the organisation’s investment team. The alternative investment manager specialising in collateralised natural catastrophe event reinsurance investme...

Nordic American Tankers Limited, the Bermudian-based oil tanker company, has reported a net loss of $21 million in the fourth quarter of 2021. The adjusted EBITDA was $1.9 million. The net loss for the previous quarter was $44.6 million, with an adju...

SiriusPoint Ltd, the global insurer and reinsurer based in Bermuda, has reported net income of $44.6 million in fiscal year 2021. That result is despite a net loss of $140.3 million in the fourth quarter of the year. The company reported net income o...

Members of Bermuda’s entrepreneurial and entertainment communities are encouraged to apply for opportunities available during SailGP, which will hold its season three opening event in Bermuda, May 14-15. The Bermuda Economic Development Corporation h...

The leaders of Conduit Holdings Limited remain optimistic despite a comprehensive loss of $42 million by Conduit Re in its first year of operation. Preliminary results released today by the Bermudian-based global reinsurer report an underwriting loss...