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Everest Re Group Ltd is estimating total pre-tax net catastrophe losses of $730 million for the third quarter. About $600 million is attributed to Hurricane Ian, which made landfall on the west coast of Florida on September 28, with $500 million attr...

The aircraft management company based in St George’s, Longtail Aviation, has acquired its first B757-200PCF aircraft, according to ch-aviation, the Swiss-based airline intelligence provider. The publication said Longtail’s newly acquired Boeing is a ...

The Mid Ocean Club has again achieved gold level accreditation standard and has been nominated for three awards by Investors in People. IIP is a global organisation that advises and conducts assessments of employers using its unique framework, focusi...

Axis Capital Holdings Limited expects to report a small operating income for the third quarter of 2022. The Bermudian-based global specialty re/insurer said its results are impacted by a pre-tax net loss estimate for catastrophes and other weather-re...

It is common knowledge that directors of companies owe a duty to the company to act in its best interests. Less well understood is the principle that, when a company reaches a certain level of financial distress, the directors’ duties shift to includ...

Climate change will have widespread societal consequences, a leading reinsurance executive has said. Kevin O’Donnell, president and chief executive officer of Bermudian-based global re/insurer Renaissance Re, was speaking after the company held its 1...

Palomar Holdings Inc, the parent company of island-based Palomar Specialty Reinsurance Company Bermuda Ltd, has announced estimated pre-tax catastrophe losses of $12.5 million, net of reinsurance, for the third quarter of 2022. The company said this ...

A company related to Bermuda energy mutual, Everen, has maintained its strong credit ratings with AM Best. The agency has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of excess ge...

Bermuda Tech Week positions the island as a key player in the tech revolution, a leading member of the island’s entrepreneurial community has said. Presented by the Bermuda Business Development Agency and government’s Economic Development Department,...

This article originally written in fall 2017. It has been revised and updated with current information. These days the truth is in short supply. What is truth? Is it those mundane facts of consequences that are embedded in law, such as you must ...