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Bermuda-based Hamilton Insurance Group Ltd has decided to cease writing property treaty reinsurance through Syndicate 4000 in London. Adrian Daws, CEO of Hamilton Managing Agency Limited, said: “We regularly review our book to ensure that we continue...

HSBC Asset Management (HSBC AM) has launched its first healthcare fund focused on sustainability and impact. HSBC GIF Global Equity Sustainable Healthcare Fund is aligned with the United Nations Sustainable Development Goal 3, Good Health and Wellbei...

Elementum, an alternative investment manager specialising in collateralised natural catastrophe event reinsurance investments, has appointed Jacqueline Muschett as managing director, head of actuarial and valuations, in its Bermuda office. The compan...

The parent company of Palomar Specialty Reinsurance Company Bermuda Ltd has announced an estimated range of pretax catastrophe losses of $14.5 million to $15.5 million, net of reinsurance, for the third quarter of this year. Palomar Holdings Inc said...

Bermuda-based Valaris Limited, the offshore drilling services company, has been awarded a contract with Petrobras offshore Brazil for the drillship Valaris DS-4. The company said that the contract is for a minimum term of 548 days, and it is anticipa...

The RG/BSX Index closed unchanged at 2,635.61 after two issues traded on the Bermuda Stock Exchange, representing 27,436 shares, valued at $556,408. Argus Group Holdings closed unchanged at $5.95 after 15,200 shares changed hands. Bank of Butterfield...

Roy and Gena Dennison are victims of their own success. In the two years they have been running Happy Van Imports, demand has been sky high for their commercial vehicles imported second-hand from Japan. “We have reached our saturation point,” Mr De...

Fitch Ratings believes that tax advantages held by Bermuda (re)insurers will eventually be reduced as a result of the 15 per cent global minimum tax. But Bermuda will remain favoured as an insurance domicile and the agency will hold off on any ratin...

Cole Simons, the Leader of the Opposition and shadow finance minister, is suspicious of government use of a little-known rating agency to complete a report on Bermuda. In a statement responding to last week’s announcement releasing the Kroll Bond Rat...

Abigail Clifford has been appointed president and group chief operating officer, and CEO designate of the BF&M group of companies. A date for the transition has not been set and John Wight remains group chairman and CEO. The company said that the sel...