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AM Best has upgraded the Long-Term Issuer Credit Ratings to “a+” (Excellent) from “a” (Excellent) and affirmed the Financial Strength Rating of A (Excellent) of Ascot Bermuda Limited, as well as Ascot Insurance Company and Ascot Specialty Insurance C...

HSCM Bermuda is among the lead investors in a $75 million capital raise by Gracie Point Holdings, LLC, the global provider of life insurance premium finance. Gracie Point said lead investors in the issuance of preferred equity were affiliated with Hu...

Eleven young Bermudians have graduated from the Summer Student Entrepreneurship Programme presented by the Bermuda Economic Development Corporation. The eight-week SSEP is designed to develop young Bermudians into the island’s next wave of entreprene...

SiriusPoint Ltd, the Bermuda-headquartered global specialty re/insurer, and Boston-headquartered Corvus Insurance have announced a strategic investment and multi-year underwriting capacity partnership. Corvus is a provider of smart commercial insuran...

Bermuda-based Apex Group Ltd, the global financial services provider, has agreed a joint venture with UK-headquartered financial services firm VCP Advisors, to create Apex VCP. Apex said VCP Advisors is a provider of financial, advisory and capital r...

Harvard Business School professor Francesca Gino is to be the keynote speaker at the annual conference of the Bermuda International Long Term Insurers and Reinsurers. Biltir said Professor Gino is an expert on the psychology of organisations and auth...

Bermuda-headquartered specialty re/insurer Hamilton Insurance Group Ltd has appointed Kevin Marzec as head of management liability for its US excess and surplus business. Reporting to Clay Rhoades, president, US E&S, the company said Mr Marzec joined...

Fitch Ratings has maintained the 'BBB' insurer financial strength rating for Bermuda-based Aspida Life Re Ltd. on rating watch negative. The rating notice continues to reflect Fitch's expectation that the life writer’s IFS rating will either be maint...

Price Forbes & Partners (Bermuda) Limited has appointed William Wood as senior vice president of its newly created Insurance Management unit. The company said Mr Wood is a 27-year veteran of the Bermuda re/insurance marketplace having served in a var...

Bermuda-based drinks giant Bacardi Limited has released “Bacardi Celebrates” – a digital magazine that promotes and celebrates Black-Owned bars and restaurants on the island. The company said the special edition online magazine is part of ongoing eff...