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Bermuda urgently needs to update its intellectual property laws to allow it to better compete, according to an industry task force

Symetra Financial Corporation, a wholly owned subsidiary of Sumitomo Life Insurance Company, has established Symetra Bermuda Re Ltd. The new operation will reinsure certain risks of Symetra Life Insurance Company, a subsidiary of Symetra Financial Co...

Shareholders at a special general meeting of Frontline Ltd have approved the Bermudian-based shipping company’s redomiciliation to Cyprus. Frontline is engaged primarily in the ownership and operation of oil tankers and product tankers. The company’s...

Axa XL Reinsurance has appointed Tristan Abend to the newly expanded position of head of property, responsible for both US & International business in Bermuda. The company said Mr Abend has worked as part of the property team for Axa XL Reinsurance f...

RiverStone International has entered into loss portfolio transfer reinsurance agreements with affiliates of Axis Capital Holdings Limited, which cover several of its professional lines and liability insurance portfolios, predominantly relating to 201...

AM Best has assigned ratings to two reinsurers domiciled in Bermuda. The ratings agency assigned a financial strength rating of A (Excellent) and a long-term issuer credit rating of “a+” (Excellent) to both Fontana Reinsurance Ltd and Fontana Reinsur...

The RG/BSX Index closed unchanged at 2,424.96 with no trading on the Bermuda Stock Exchange. Overseas, The Bank of N.T. Butterfield & Son Limited fell $1.38 (4.43 per cent) to close at $29.77 on the New York Stock Exchange.

Sompo International, the Bermudian-based global provider of commercial and consumer property and casualty re/insurance, has completed the transfer of its Endurance at Lloyd’s run-off business to RiverStone Holdings Limited. The announcement follows r...

Bermuda insurers are denying or limiting coverage to clients with exposure to bankrupt crypto exchange FTX, the news agency Reuters is reporting. Specialist underwriters here and in the Lloyd’s of London markets are taking action that will leave digi...

A London-based decarbonisation, sustainability and social impact investor that is named after one of Bermuda’s iconic beaches is helping a pioneering Scottish car maker go to market with an all electric, all terrain vehicle. Elbow Beach Capital annou...