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Bermuda (re)insurers paid out $209.6 billion to United States policyholders and cedants for large catastrophes, property and casualty losses and life insurance claims during the five-year period from 2016 to 2020. This is according to commercial mark...

Risk Management Solutions Inc, the catastrophe risk solutions company with a Bermuda office, has estimated that insured losses from the flooding in western and central Europe during July will likely range between $6 billion and $7.7 billion. RMS said...

Domestic insurer BF&M Limited has reported net income for the six months ended June 30 of $14.8 million as compared to net income for the comparative period in 2020 of $10.4 million. Earnings for the period for 2021 equated to an annualised Return on...

The Royal Gazette/BSX Index closed at 2,566.30, up 0.04 points (0.35 per cent) on a trading volume of 6,550, when 6,500 BF&M stock traded and 50 Somers Limited shares changed hands. The total turnover amounted to $156,820. The BSX Insurance Index rem...

Bermuda-based Flex LNG Ltd has purchased 80,000 of the company’s own common stocks. The liquefied natural gas shipping company said the purchases were made between August 17 and 20 on the Oslo Stock Exchange at an average price of 128.07 Norwegian kr...

A former employee of the Accountant General’s department in Bermuda has been appointed chief financial officer of a Toronto-based fintech company. Steve Fray worked as a senior accounting manager in the department from 2008 until 2011. He has joined ...

Axis Re, the reinsurance business segment of Bermuda-based Axis Capital Holdings Limited, has appointed Alexander Riveros as senior underwriter, credit & surety, effective today. The company said Mr Riveros will report directly to Camilo Rodriguez, h...

A wholly-owned subsidiary of Bermuda-headquartered Textainer Group Holdings Ltd has redeemed approximately $208 million in aggregate principal outstanding of senior secured term loans with an average interest rate of 4.30 per cent and an original sch...

A move to the city has proved to be a winning recipe for the owner/operators of the popular food truck, Generosa’s. Sandy Rodrigues and Richard Phillips moved the mobile eatery from its former digs at Bermuda Golf Academy in Southampton, relocating t...

A panel of Caribbean insurance executives exposed defects in catastrophe models, speculated on the need for a revamp of building codes and revealed problems for countries and their insurers in the region, including reduced access to US dollars. They ...