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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...

Bermudian-based Nordic American Tankers Limited, the oil tanker company, has sold its second Suezmax tanker in five months. The company, which is adjusting its fleet, has sold the 2002-built Nordic Mistral following the sale of 2000-built Nordic Siri...

Bermuda re/insurance companies contributed $8.5 billion to economy in ten years to 2020

AM Best has released a new methodology, Best’s Performance Assessment for Delegated Underwriting Authority Enterprises. In this methodology, AM Best introduces the Best’s Performance Assessment, which provides a framework for differentiating among de...

Bittrex Global, which has operations in Bermuda and Liechtenstein, has launched Bittrex Global Starting Block, a new initial exchange offering (IEO) platform. Announcing the news in the Liechtenstein capital of Vaduz, the company said the platform ha...