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A subsidiary of Bermuda-based Arch Capital Group Ltd has completed the previously disclosed acquisition of Somerset Bridge Group Limited, Southern Rock Holdings Limited and affiliates. Arch Reinsurance Ltd originally announced its planned acquisition...

A fintech company whose authorisation to offer digital coins from Bermuda was hailed as “the start of a new era for Bermuda” has settled allegations of securities fraud. Uulala Inc and two senior executives were charged in a California US District C...

Assured Guaranty Ltd. has reported net income of $98 million, or $1.29 per share for the second quarter to June 30, 2021. And shareholders’ equity climbed to the highest ever reported at $87.74 per share. Second quarter capital returned to shareholde...

In its first full quarter, SiriusPoint Ltd. has declared second quarter net income to June 30 of $64.5 million. Chairman and chief executive officer Sid Sankaran said: “Underwriting this quarter has been keenly focused on remediation. We have made pr...

The RG/BSX Index closed 2,546.67, up 2.38 (0.09 per cent) after trading of 128 shares (100 shares of Argus Group and 28 shares of the Bank of Butterfield). Butterfield closed six cents higher (0.18 per cent) at $32.90 on the New York Stock Exchange.

Athene Holding Ltd has reported net income available to AHL common shareholders for the second quarter of $1.382 billion, or $6.97 per diluted Class A common share, compared to $824 million, or $4.19 per diluted share for the second quarter 2020. The...

James River Group Holdings Ltd has reported second quarter net income of $20.8 million, or 60 cents per diluted share, compared to net income of $35.6 million, or $1.16 per diluted share, for the second quarter of 2020. The Bermuda-based insurance h...

Oneglobal Broking has appointed Bermuda market veteran George Bowring as Head of Energy Casualty – Bermuda. Oneglobal said Mr Bowring will report to Group CEO, Mike Reynolds and will join once he has fulfilled his contractual obligations to his curre...

A veteran of the Bermuda insurance market has been named chief financial officer at Florida-based FG Financial Group Inc. Hassan Baqar is to succeed John Hill, one of the founders of the company, in the CFO position. The company said Mr Baqar joins F...

An insurance start-up in Bermuda has marked six months of sustained growth and corporate milestones, including the opening of three offices, establishment of four strategic regional distribution hubs, hiring of talent, and underwriting across six pro...