Log In

An American cryptoasset insurer with an island-based subsidiary licensed by the Bermuda Monetary Authority has been granted Lloyd’s of London coverholder status. Chicago-headquartered Evertas said this coveted designation would permit it to significa...

Apex Group Ltd, the Bermudian-based global financial services provider, has appointed Keith Mahon as managing director, Bermuda. The company said Mr Mahon would be responsible for leading the business and to continue the development and growth of Ape...

A global provider of connectivity and internet services has announced its intention to move its group parent company to the United Kingdom, replacing a company incorporated in Bermuda. Veon Ltd, which is listed on the Nasdaq and Euronext Amsterdam ex...

The parent company of a Bermudian-based investment business has acquired a bank in the Cayman Islands. Jamaica-headquartered Proven Investments Limited, through its newly formed subsidiary Proven Bank Holdings Limited, has completed its acquisition o...

QBE Re has expanded its Bermuda team with the appointment of Melanie Lopes as assistant vice-president, lead treaty underwriter. Ms Lopes joins from Bermudian-headquartered re/insurer SiriusPoint, where she was most recently assistant vice-president,...

The Bermuda Monetary Authority has cancelled the insurance registration of Signify Insurance Ltd, a Class 1 insurer, for breaches of the Insurance Act 1978. The BMA said that exercising its powers to cancel the registration of the company under the I...

Industry veteran Ian Parker has been appointed group chief executive officer at Catalina Holdings (Bermuda) Ltd. Mr Parker succeeds Bruce Hemphill, who stepped in as interim CEO from the role of non-executive chairman last February. During the past ...

The sale of managing general agency Velocity Risk Underwriters LLC by Bermudian-headquartered ILS fund manager Nephila Capital has closed. The catastrophe-focused property and specialty insurance risks MGA, which was founded by Nephila in 2015, has b...

AM Best has assigned a financial strength rating of A- (Excellent) and a long-term issuer credit rating of “A-” (Excellent) to recently established Bermudian-based reinsurer Sutton Life Re Ltd. The outlook assigned to these credit ratings is stable. ...

Ralph Renner has joined as partner and head of origination at Parameter Climate, the full-service parametric climate underwriting, advisory and distribution firm that is part-owned by Bermudian-headquartered global re/insurer SiriusPoint Ltd. SiriusP...