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A Bermuda Supreme Court hearing has revised upwards Georgian billionaire Bidzina Ivanishvili’s estimated losses in a scandalous lawsuit involving CS Life, a division of the Credit Suisse bank. The losses have now been recalculated at some $607 millio...

A record number of Bermudian students are taking part in a summer intern programme with companies belonging to Bermuda International Long Term Insurers and Reinsurers. Twenty six students, including two based in the Cayman Islands, are joining Biltir...

Brian Tedeschi has joined Ascot Re Bermuda as a casualty reinsurance underwriter. Mr Tedeschi previously worked at Lockton Re as a reinsurance broker. Prior to that, he held positions at Guy Carpenter and Goldman Sachs. Mr Tedeschi holds the chartere...

UK and Ireland capital investor BGF has appointed Bermuda’s Apex Group Ltd to provide ESG ratings and advisory services to over 230 high-growth companies in its portfolio. BGF is an established, independent investment company, supporting private busi...

Bruce Carnegie-Brown has been reappointed for a third term as chairman of Lloyd’s. The reappointment runs to June 2025. Since his appointment in June 2017, Mr Carnegie-Brown has set the strategic direction and overseen the corporation making signific...

AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Palomar Specialty Reinsurance Company Bermuda Ltd. It also affirmed those ratings for Palomar Specialty Insurance Compa...

Bermudian-based Ascot Group has promoted Elizabeth Johnson to the position of chief operating officer, North America Insurance. The newly formed leadership position will have oversight for the strategic direction of an integrated underwriting, data, ...

AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit ratings of “aa-” (Superior) of the operating subsidiaries of Bermudian-based Everest Re Group Ltd. Those subsidiaries include Everest Reinsurance (Ber...

Industry veteran Sima Ruparelia is to join PartnerRe Ltd, the Bermudian-based global re/insurer, as chief actuarial and risk officer. Ms Ruparelia will be responsible for risk and capital, non-life reserving and pricing and life reserving (2nd line)....

Pine Walk Capital Limited, the London-headquartered specialist MGA platform that is a subsidiary of Bermudian-based Fidelis Insurance Holdings Limited, has launched a seventh MGA. Pine Walk said Pernix Specialty Limited specialises in political risk ...