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Brian O’Hara sees no signs of an end to the hard insurance market that has inspired a slew of start-ups in Bermuda this year. The Bermuda re/insurance industry veteran said the drivers of the hard market were issues for which there was no quick fix a...

Fidelis and Ascot Group have added a combined $585 million to the capital flowing into the re/insurance market. Ascot yesterday priced a $400 million debt offering of ten-year senior notes at 4.25 per cent. Fidelis said today it had raised $185 mill...

Bermuda Trader is to hold what its owner describes as a “do-or-die sale” after the pandemic destroyed its 2020 revenue. Chris Bryan, owner of the wholesaler, which imports handmade goods from Asia, said sales were down nearly 90 per cent this year. B...

Vantage Holdings plans to build up a staff of more than 20 people at its Bermuda head office as the new re/insurer builds out its platform, says its top executive. The company’s Class 4 Bermuda reinsurer, Vantage Risk, opened its doors last week, wit...

Vantage Group Holdings Ltd, a new Bermudian re/insurance company with $1 billion of private-equity backing, announced its launch this morning. The company, which describes itself as a “tech-enabled re/insurance company delivering improved efficiency ...

Brian O’Hara’s life has taken him on an extraordinary journey that led him to join the rarefied ranks of Bermuda re/insurance royalty. In his new book, It’s Not The Score, It’s The Trip, he recounts the highlights of that journey from his childhood a...

A gym owner has asked the Premier to stop targeting small businesses when referring to the spread of Covid-19. Natalie Flood, of fitness studio Shamana Circle, wrote an open letter to David Burt, protesting that restaurants, bars, gyms and personal s...

Bermuda Commercial Bank is set to get a new owner after parent company Somers Ltd agreed to sell to investment company Provident Holdings. Provident is owned by an investment group led by Christopher Maybury, a Bermuda resident, who is promising “a m...

Conduit Reinsurance Ltd, one of the large new start-ups set to enter the Bermudian reinsurance market, has been given a preliminary financial strength credit assessment of A- by AM Best. The firm’s holding company, Conduit Holdings, has announced pl...

Bermudian-based reinsurance investor Hudson Structured Capital Management has teamed up with global broker and risk adviser Aon to create a new cyber catastrophe insurance product. The product, which allows for limits of up to $70 million, is intende...