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BF&M Ltd has acquired Bermuda-based insurance agency Kitson Insurance Services Ltd. Kitson has been in business since 1947 and BF&M has said it will keep on two of the agency’s leading staff on a full-time basis. The terms of the deal were not disclo...

Is the reinsurance pricing cycle close to the bottom? That is one of the most discussed questions at the Monte Carlo Rendez-vous event in Monte Carlo, where scores of reinsurance executives, including many from Bermuda, are meeting this week for thei...

Trunomi, a Bermuda-based financial technology innovator, has enjoyed quite a week. Not only did it raise $3 million from venture capital firms, but it also took top honours in the Visa Europe Collab Startup Competition in Tel Aviv, Israel. The compan...

Bermuda will find a way to retain its place as a leading global reinsurance hub amid the sweeping change the industry is undergoing. That is the view of analysts from rating agency AM Best who were speaking on a Global Reinsurance webinar panel yeste...

PartnerRe Ltd is Bermuda’s largest writer of reinsurance and the ninth biggest in the world, according to data published by rating agency AM Best. The company, which wrote $5.93 billion in reinsurance gross premiums last year and recently agreed to b...

Keep calm and stick to your investment plan. That was the advice from two leading Bermuda investment professionals yesterday, as more wild swings on Wall Street ended in a sixth successive down day. Robert Pires, chief executive officer of BIAS, and ...

Maintenance costs at LF Wade International Airport are rising “exponentially” and each time a major hurricane hits the Island taxpayers will incur millions of dollars in repair costs, Finance Minister Bob Richards has warned. The vulnerability of the...

LOM Financial Ltd swung to a $225,747 net loss in the first half of the year, as the company made less on broking fees but more on management and advisory fees. The loss compared to a profit of $90,605 for the first half of 2014. But in a letter to s...

Enstar Group Ltd’s net income plunged by more than two thirds on investment losses. The Bermuda-based insurer, which specialises in buying companies or units that have stopped writing new business and managing their assets and ongoing obligations, ma...

Assured Guaranty’s shares rose 3.5 per cent yesterday as the Bermuda-based bond insurer’s second-quarter profits beat expectations and fears over its exposure to Puerto Rican debt eased. Net income for the April-through-June period totalled $297 mill...