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Bermudian-based Conduit Re is off to a flying start in 2022. The company, a Class of 2021 start-up, has reported estimated January 1 renewal season ultimate premiums bound of approximately $262.6 million, an increase of approximately 70 per cent over...

The reinsurance market showed mixed results at the January 2022 renewals as only loss-affected lines of business, such as property catastrophe, cyber or retrocession continued to see significant price increases, Fitch Ratings says in a new report. P...

After 30 years in business, a private wealth management company has grown its assets under administration to more than $1.7 billion. Scott Lines, CEO and chairman of LOM Financial, said that despite the pandemic and other global events in recent year...

The Somerset branch of HSBC Bermuda has reopened to the public. HSBC said it continues to be committed in serving and helping to protect the health of its employees, customers and the wider community. With this in mind, HSBC said, all customers are r...

The RG/BSX Index closed unchanged at 2,752.71 after only one company traded on the Bermuda Stock Exchange. Argus Group Holdings Ltd. finished unchanged at $6 after 24,500 shares ($147,000) changed hands. Bank of N.T. Butterfield Ltd. fell $1.01 (2.51...

Strategic Risk Solutions, the independent insurance company manager with an office in Bermuda, has appointed Peter Child as chief executive officer of SRS Europe. The company said he will also retain his current role of SRS Guernsey managing director...

Gallagher Re, the global reinsurance broker, has appointed Liz Kim to its 40-plus-strong cyber reinsurance team. Operating out of San Francisco, the company said, Ms Kim will further enhance the support and service of clients based on the US West Coa...

Offshore drilling services leader Valaris Limited, the Bermuda exempted company, has been awarded two one-well contracts with subsidiaries of Murphy Oil Corporation for semi-submersible Valaris DPS-5. The company said the first contract is in the US ...

The isolation of the pandemic has caused many people to focus more on their own homes. As a result, business has been booming for Frias Carpentry, a local company that installs readymade kitchens for other businesses such as Sticks and Stones, Atlas...

The multilateral agreement to establish a global minimum tax is expected to have a negative effect on Bermuda, according to a leading ratings agency. In a review of the eight reinsurers followed by Fitch Ratings, the agency states that Bermuda’s adva...