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Bermuda-based captive insurance company Transmonde Services Insurance Company Ltd has had its financial strength rating of A affirmed by the ratings agency AM Best. AM Best has also affirmed Transmonde’s long-term issuer credit rating of “a” and said...

The Bermuda Business Development Agency’s second annual Bermuda Risk Summit is to be staged in March, with two headline sponsors already on board. Themed “Innovation, Sustainability and Collaboration”, the event includes discussions involving investo...

MS Reinsurance, the global reinsurer, has appointed Marlin Ramlal as senior underwriter, property. Based in Bermuda, Ms Ramlal will join MS Reinsurance on Monday and will report to Andrew Shaw, lead underwriter, property. With more than 17 years’ exp...

Markel has named Bermudian Jessica Cardoso as the new head of office for Markel Bermuda Limited in addition to her current role as senior director, head of Bermuda Errors and Omissions. As head of office for Markel Bermuda Limited, Ms Cardoso will co...

A new report has delivered further evidence of the efficacy of captive insurance, outlining how their use in Bermuda and two Caribbean countries saved their corporate owners demonstrably on insurance costs, when compared to use of commercial insuranc...

Relm Insurance Ltd, the Bermudian-based specialty insurance carrier serving emerging industries, has inked a strategic partnership with cyber-risk analytics firm CyberCube to bolster its cyber underwriting business with advanced analytics, artificial...

Arch Insurance International has appointed Sam Bradley as senior cyber underwriter, effective immediately. Mr Bradley joins a growing cyber team and will support the continued development of the international account as well as the cyber property dam...

About 30 Ascot Bermuda Limited staff stepped away from their desks to give another corporate lift to the Globe Museum, which is part of the Outstanding Universal Value of the Unesco Site. It was in support of the Bermuda National Trust’s latest corp...

AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit ratings of “a-” (Excellent) of Bermudian-based Somers Re Ltd and its subsidiaries. They include Watford Insurance Company Europe Limited (Gibraltar),...

Build America Mutual, the only mutual US municipal-only bond insurer, has completed a $150 million, fully collateralised reinsurance agreement with Fidus Re Ltd, the Bermudian-based restricted special-purpose insurer. After the transaction, BAM’s cla...