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Multi-line, specialty Bermuda reinsurer Ariel Re is establishing a Lloyd’s managing agent, Ariel Re Managing Agency (ARMA) to manage the business of Syndicate 1910 and SPA 6117 starting in early 2022, subject to regulatory permissions. Ariel Re chief...

Bermuda (re)insurers paid out $209.6 billion to United States policyholders and cedants for large catastrophes, property and casualty losses and life insurance claims during the five-year period from 2016 to 2020. This is according to commercial mark...

Risk Management Solutions Inc, the catastrophe risk solutions company with a Bermuda office, has estimated that insured losses from the flooding in western and central Europe during July will likely range between $6 billion and $7.7 billion. RMS said...

Domestic insurer BF&M Limited has reported net income for the six months ended June 30 of $14.8 million as compared to net income for the comparative period in 2020 of $10.4 million. Earnings for the period for 2021 equated to an annualised Return on...

Bermuda-based Flex LNG Ltd has purchased 80,000 of the company’s own common stocks. The liquefied natural gas shipping company said the purchases were made between August 17 and 20 on the Oslo Stock Exchange at an average price of 128.07 Norwegian kr...

A former employee of the Accountant General’s department in Bermuda has been appointed chief financial officer of a Toronto-based fintech company. Steve Fray worked as a senior accounting manager in the department from 2008 until 2011. He has joined ...

Axis Re, the reinsurance business segment of Bermuda-based Axis Capital Holdings Limited, has appointed Alexander Riveros as senior underwriter, credit & surety, effective today. The company said Mr Riveros will report directly to Camilo Rodriguez, h...

A wholly-owned subsidiary of Bermuda-headquartered Textainer Group Holdings Ltd has redeemed approximately $208 million in aggregate principal outstanding of senior secured term loans with an average interest rate of 4.30 per cent and an original sch...

The Bermuda chapter of 100 Women in Finance, the global network of professionals in the finance industry, has selected The Duke of Edinburgh’s International Award, Bermuda as the charity recipient for its 2021 Bermuda Summer Sunset Gala. The gala is ...

Bermuda-based Seadrill Limited, the offshore drilling company involved in Chapter 11 bankruptcy proceedings, has reported a net loss of $605 million for the first half of 2021. That compares with a net loss of $2.915 billion in the second half of 202...