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A new reinsurance company has launched in Bermuda with the aim of expanding the reach of insurance-linked securities (ILS). Sequant Re Holdings Ltd announced today that its new Class 3 Bermuda reinsurer had completed its financing. The company said S...

Executives of Bermuda-based Armour Group Holdings Ltd are hoping their investors can benefit from the acquisition of Mexico’s largest title insurer. The acquired company, Fidelity National Title de Mexico, SA de CV, has been renamed Armour Secure Ins...

The KPMG Investment Challenge is under way — and CedarBridge Academy team Checkerboards are making the early running. Checkerboards’ virtual stock portfolio achieved the strongest growth of all 20 teams, putting them at the top of the rankings on the...

Cloud services firm Ignition has made investments in its Bermuda platform amid rising demand for its services. The company said yesterday that it would also be moving one Level 3 engineer from its Canadian operations in Halifax to Bermuda to help kee...

An investment firm hit by falls in the share prices of major Bermuda companies believes it is poised to benefit from any America’s Cup-assisted upturn in the Island’s economy. Bermuda First Investment Company Ltd (BFIC) today reported revenue of abou...

Fitch Ratings believes that merger and acquisition (M&A) activity may gather pace in the reinsurance sector after RenaissanceRe Holdings struck an agreement to acquire fellow Bermuda reinsurer Platinum Underwriters Holdings last month. Fitch said in ...

The potential for growth in Bermuda’s international business from the asset management sector is “huge”, according to industry expert Jessel Mendes. Mr Mendes, a partner with global professional services firm EY, said the foundations for expansion ha...

Finance Minister Bob Richards said that creating a public register showing beneficial ownership of companies would cause severe damage to the Island’s economy — unless others including the US, the UK and Canada are prepared to do the same thing. The ...

Both Fitch Ratings and Standard & Poor’s Ratings Services have affirmed the ratings of RenaissanceRe, after the Bermuda reinsurer announced its proposed $1.9 billion acquisition of Platinum Underwriters Holdings, Ltd. The two agencies’ assessments ru...

Hedge fund managers have cyber security fears and are facing increasing demand from investors for customised services. Those are among the findings of a report on the global industry by EY, entitled “Shifting Strategies: Winning investor assets in a ...