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Industry veteran Christopher Smith has been appointed head of structured reinsurance at Bermuda-based Somerset Reinsurance Ltd with immediate effect. The provider of reinsurance solutions to the US life insurance and annuity market said that Mr Smith...

Mosaic Insurance has expanded its cybersecurity business line internationally with the addition of new team members to its UK-based unit. The specialty insurer began underwriting global cyber coverage from Chicago on April 1, only two months after la...

Board member Natasha Scotland Courcy is the new vice-chairwoman and Andrew Sooboodoo a new member of the board of the Bermuda International Long Term Insurers and Reinsurers organisation. Biltir said that the board appointments were confirmed at its ...

Young people with an idea for a new business have been encouraged to pitch their project to the Bermuda Economic Development Corporation. The organisation is looking for students under the age of 18 to pitch the next great idea for a chance to compet...

AM Best has affirmed the credit ratings of Bermuda-based insurer BF&M Ltd and its subsidiaries. The agency affirmed the financial strength rating of A (Excellent) and the long-term issuer credit ratings of “a” (Excellent) of BF&M Life Insurance Compa...

Wilton Reinsurance Bermuda Limited has donated $15,000 to Knowledge Quest in support of academic scholarships. Knowledge Quest, a Bermuda-registered charity, was founded in 2001 with a mandate to promote further education for Bermudians with limited ...

The Bermuda Stock Exchange has begun to publish MIAX Pearl Equities market data for ten actively traded US companies to the Pyth Network, a decentralised financial market data distribution platform. The Pyth Network, announced by Jump Trading Group i...

AM Best has revised the outlook to positive from stable and affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of a- (Excellent) of Ardellis Insurance Ltd. The credit ratings reflect Ardellis’s balance sh...

Robert Wiest has been appointed chief executive officer of MS Amlin AG, the Switzerland-domiciled global reinsurer with an underwriting office in Bermuda. The company said that Mr Wiest will take up the role on January 3, 2022, and will be based in Z...

PwC Bermuda, together with its Caribbean counterparts, has collectively donated $50,000 to disaster relief and recovery efforts in Haiti after last month’s 7.2-magnitude earthquake. The professional services firm said that the money was raised by the...