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Bermuda Stock Exchange has signed a new agreement with Nasdaq to continue using its trading technology via Nasdaq Financial Framework. In a statement, the BSX said the platform has been “instrumental in solidifying Bermuda’s status as a premier offsh...

Bermudian-based Fidelis Insurance has launched managing general agent Radius, which will focus on niche specialty treaty excess of loss business such as cyber, nuclear and PA Retro. Radius will be run by Rob Ashton who joins the company from Hiscox R...

Two new appointments have been made at data-enabled platform Attune, the company jointly created last year by American International Group, Hamilton Insurance Group and Two Sigma Investments. Martha Dreiling takes on the role of head of analytics and...

AM Best has affirmed the A financial strength rating for the BF&M group of companies. The company’s interests extend into the Caribbean and John Wight, BF&M’s chief executive officer, was pleased with the rating affirmation after a destructive storm ...

A tricycle built for two could save lives on Bermuda’s roads, the importers said yesterday. Team Oni Racing Club has customised and imported the Torc Glide — which features two wheels at the front with a revolutionary tilting suspension and one at th...

Artex Risk Solutions has acquired Cayman Islands-based Chandler Insurance Management. In a statement, Artex said Chandler brings to the company more than 20 years of captive insurance management experience in the Cayman Islands. Nick Heys, CEO of Ar...

Shares of Argus Group were up 25 cents, or 6.7 per cent, at $4 after 23,966 traded on The Royal Gazette/BSX Index. There was also an exchange of 7,000 shares in One Communications, but with no effect on the stock’s closing price. The Royal Gazette/BS...

An operating loss of $546.9 million, or $13.81 per share, for the third quarter has been reported by RenaissanceRe Holdings Ltd. The Bermudian-based company’s net loss was $504.8 million, or $12.75 per share, which compares to a profit of $146 millio...

Bermuda Monetary Authority hosted the Financial Stability Board’s (FSB) Regional Consultative Group of the Americas’ (RCGA) Shadow Banking Workshop. The workshop took place at the Hamilton Princess last week. Marcelo Ramella, deputy director of finan...

Run-off specialist Catalina Holdings (Bermuda) Ltd has agreed to acquire a portfolio of legacy insurance liabilities from the US branch of Samsung Fire and Marine Insurance Co. The run-off portfolio will be transferred to Catalina’s wholly owned subs...