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Bermuda reinsurer RenaissanceRe Holdings Ltd. has posted a third-quarter net loss of $825.3 million. The company said Hurricane Ian and certain other catastrophe events contributed to a $648.4 million net negative impact on the net loss attributable ...

The Regulatory Authority’s senior manager for energy will be promoted to the role of chief executive, the board of commissioners have announced — the fifth appointee in just ten years. Abayomi Carmichael will assume the RA’s top post January 1, 2023...

The Financial Action Task Force has retained Barbados, Cayman Islands and Jamaica on the Grey List, citing strategic deficiencies in their countering of money laundering, terrorist financing and proliferation financing. The decision came from the rep...

US life insurers cede more than a half a trillion dollars in annual premiums to Bermuda’s long-term reinsurers, and a new study claims it has become a source of industry concern. In fact, Bermuda was by far the largest foreign reinsurance destination...

The Police and Fire Retirement System for the City of Detroit late last week filed a class-action lawsuit against Argo Group International Holdings Inc, the Bermuda international underwriter of property and casualty insurance with offices on Pitts Ba...

Capital unable to get significant returns from ILS investment could bolt for greener pastures, a Fitch Ratings assessment has determined. The report says the fallout from Hurricane Ian could test the investor appetite for bonds. Reinsurers have used ...

The Loren Hotel at Pink Beach in Tucker’s Town is preparing for an unusually busy autumn of occupancy, with management bullish on Bermuda’s future tourism success. Tarryn Clark, the upbeat general manager, said a traditionally soft November for booki...

Cryptocurrency exchange Bittrex Global, billed as the most secure digital asset exchange in the world, has taken steps to distance itself from an American company that has run afoul of US law. The company made it clear that it has no connection to th...

One of the planned events for the Joshua Bate Trading Company’s 30th anniversary celebrations is the distribution of a Dame Flora Duffy Tote Bag on Tuesday — the anniversary of the one-off Flora Duffy Day holiday. The special-edition bags, with a des...

A market discussion on the state of Bermuda’s life and annuity sector shows that assets under management have been barrelling towards $1 trillion. A Bermuda lawyer closely allied with the industry believes it is time the sector was considered to be a...