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Bermudian-based Arch Capital Group has tapped the capital markets for more than $700 million to bolster the reinsurance of its mortgage insurance business. The group’s third insurance-linked note transaction of the year was the biggest issuance ever ...

Law firm Appleby has announced the promotion of corporate lawyer Josephine Noddings and dispute resolution lawyer Lalita Vaswani to senior associate. Ms Noddings and Ms Vaswani each joined the firm in 2017 as associates. Ms Noddings practices in all ...

Bermudian-based global reinsurer PartnerRe Ltd has reported net income available to common shareholders of $285 million for the second quarter of 2019. The figure includes net realised and unrealised investments gains of $164 million on fixed maturit...

Bermudian-based financial services company LOM Financial Ltd has reported that profits for the first half of 2019 are up year-on-year, despite a slowdown in the growth of the company. LOM’s group profit rose 16 per cent year-on-year to $944,235 or 16...

Bermudian-based specialty re/insurer Argo Group has announced that its results for the second quarter of 2019 will be adversely affected by several loss items in the London, Europe, and Bermuda operations. The company is set to release second quarte...

Bermudian-based digital asset trading company XBTO International Ltd (Bermuda) has become the third firm to be granted a licence under the island’s Digital Asset Business Act. XBTOI, a licensee of XBTO Group, is a digital asset provider offering best...

Shares of Argus Group Holdings gained 6.7 per cent in Bermuda Stock Exchange trading. The insurer gained 20 cents to close on $3.20 as 5,000 shares changed hands. Financial-services holding company Somers Ltd remained unchanged on $15 as 500 shares t...

BF&M Ltd has announced the appointment of Lily Chen as group chief financial officer. Before joining BF&M, Ms Chen served as divisional chief financial officer and chief administrative officer of Berkshire Hathaway Group, reinsurance division. In th...

A move to new offices by Estera Bermuda demonstrates the organisation’s long-term commitment to the island, the company said. Estera, a global provider of funds, corporate and trust services with operations in 11 jurisdictions, has moved into new dig...

Philip Hagen and Joshua Reid have been selected as the recipients of the 2019 EY Gil Tucker Bermuda Scholarship. Both Mr Hagen and Mr Reid are interning with EY’s Assurance teams this summer. The EY scholarship is valued at up to $30,000 per year for...