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John Duda has joined the Bermuda office of Miller, the independent specialist re/insurance broker, as head of ILS development and capital management products. In his new role, Mr Duda will focus on developing Miller’s business in the Bermudian market...

KBRA has affirmed the following insurance financial strength ratings of the insurance subsidiaries of the Tower Hill Insurance Group: A- for Tower Hill Prime Insurance Company (TH Prime) and BBB+ for Tower Hill Preferred Insurance (TH Preferred), Tow...

Bermudian-based Randall & Quilter Investment Holdings Ltd has reported a loss of $127.4 million for fiscal year 2021. That compares with a profit of $37.7 million in the prior year. The group IFRS loss was primarily impacted by a $90-million pre-tax,...

The Bermuda Monetary Authority confirmed the registration of five insurers in May, taking this year’s number of new registrants to 32. The BMA approved two restricted special purpose insurers – Eagle Re 2022-1 Ltd and Marlin Re Ltd – as well as Frees...

AM Best has affirmed the financial strength rating of A (Excellent) and long-term issuer credit rating of “a” (Excellent) of Bermudian-based Lion Reinsurance Company Limited. The outlook of these credit ratings is stable. Lion Re is a subsidiary of A...

Global insurance brand Howden Group Holdings has acquired TigerRisk Partners, a risk, capital and strategic adviser with offices in Bermuda. A spokesman for the company said the transaction significantly enhances the scale and depth of Howden’s reins...

SiriusPoint Ltd, the global specialty re/insurer headquartered in Bermuda, has appointed Bobby Heerasing as UK country branch manager. The company said he will be responsible for establishing and executing profitable growth strategies and operating p...

Four college students started summer internships this week with CG Insurance to learn professional skills, gain industry knowledge and explore future career possibilities. Vanessa Varao, Kelly Trott, Brian Desmond and Amber Simons secured internships...

The Association of Bermuda Insurers and Reinsurers has announced new leadership for two of its important committees, drawing from the senior executive talent of member companies. Jevon Williams, of Chubb Bermuda, has been appointed co-chair of the Ab...

Mosaic Insurance has appointed Bermudian-based financial services executive Caroline Foulger as its board chairwoman, effective immediately. “Caroline’s well-recognised reputation and global experience across our industry make her an ideal choice for...