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In a search for greater diversity and income potential in the face of competition and unattractive economic conditions, reinsurers that in the past had not had a significant primary insurance component appear to be moving in that direction. “We are s...

Licensed entities should plan ahead to ensure regulatory compliance rather than risk penalties being imposed as a result of deficiencies uncovered following a visit from the Bermuda Monetary Authority. Regulated entities, including those licensed und...

Jonathan Kent, Business Editor Bermuda’s re/insurance market is battling against deteriorating profitability in a tough market, according to analysts from rating agency AM Best. But balance sheets remain strong and companies have reduced their risk e...

A Bermudian software development company has launched a new one-stop place for data aimed at the growing captive insurance industry. Bespoke Software said their new inTell Captive software streamlined data and made it easier for captive managers to a...

Law firm Conyers Dill & Pearman is to rebrand its international support arm Codan to Conyers Client Services. Narinder Hargun, director and co-chairman of the Bermuda branch of CD&P said: “We have built strong teams in our legal and client services b...

In response to interest expressed by Abic members, Bermudascholarships.com has added an additional search feature to assist employers to connect to student applicants for summer employment, internships and entry-level jobs. As with the scholarships ...

A UK-based finance company has launched a £2.5 million ($3.1 million) debt securities listing on the Bermuda Stock Exchange. Private & Commercial Finance, which offers hire purchase and finance lease facilities and has recently been approved as a ban...

Japanese insurance giant Sompo has listed a $480 million catastrophe bond on the Bermuda Stock Exchange. The BSX announced the Aozora Re 2017-1 issuance’s admission for listing yesterday. The bond will provide Sompo with a four-year source of collate...

Oil Casualty Insurance notched up net income last year of $1.7 million — its sixth consecutive year of profit. The company reported written premium of $166 million for the year ended November 30 last year, an increase of $14 million on 2015. And audi...

A specialist Lloyd’s of London insurer has teamed up with Bermuda’s Fidelis Insurance in a quota share agreement. The agreement covers Lloyd’s Syndicate 2007’s US property catastrophe treaty excess of loss portfolio for this year. Richard Holden, hea...