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Long-time partner Brad Adderley will become the new office managing partner in Bermuda of Appleby, the international law firm. as of the beginning of next year. He takes over from fellow partner Tim Faries, who has completed two terms in the role and...

Howden, the international insurance broker, has acquired Bermuda-based Foram Brokerage Ltd, the independent re/insurance broker. Howden said that the acquisition affirms its commitment to the Bermudian market and provides clients with access to an ex...

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a+ (Excellent) of Hiscox Insurance Company (Bermuda) Limited and related Hiscox companies at Lloyd’s, in Guernsey, Chicago ...

Bermuda-based Axis Capital Holdings Limited has bolstered its existing fossil fuel underwriting and investment policy by committing to phase out thermal coal business from its insurance, facultative reinsurance and investment portfolios. The company ...

Bermuda-based Hamilton Insurance Group Ltd has decided to cease writing property treaty reinsurance through Syndicate 4000 in London. Adrian Daws, CEO of Hamilton Managing Agency Limited, said: “We regularly review our book to ensure that we continue...

HSBC Asset Management (HSBC AM) has launched its first healthcare fund focused on sustainability and impact. HSBC GIF Global Equity Sustainable Healthcare Fund is aligned with the United Nations Sustainable Development Goal 3, Good Health and Wellbei...

Elementum, an alternative investment manager specialising in collateralised natural catastrophe event reinsurance investments, has appointed Jacqueline Muschett as managing director, head of actuarial and valuations, in its Bermuda office. The compan...

The parent company of Palomar Specialty Reinsurance Company Bermuda Ltd has announced an estimated range of pretax catastrophe losses of $14.5 million to $15.5 million, net of reinsurance, for the third quarter of this year. Palomar Holdings Inc said...

Bermuda-based Valaris Limited, the offshore drilling services company, has been awarded a contract with Petrobras offshore Brazil for the drillship Valaris DS-4. The company said that the contract is for a minimum term of 548 days, and it is anticipa...

Cole Simons, the Leader of the Opposition and shadow finance minister, is suspicious of government use of a little-known rating agency to complete a report on Bermuda. In a statement responding to last week’s announcement releasing the Kroll Bond Rat...