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AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit rating of “aa-” (Superior) of Bermudian-based Top Layer Reinsurance Ltd. The outlook of these credit ratings is stable. The ratings reflect Top Layer’...

Hundreds of Bermuda mobile phones could no longer offer voice service while roaming in the United States. USA phone carriers have been shutting down their 3G networks. AT&T and T-Mobile completed shutdowns of their 3G wireless networks by the end of ...

The RG/BSX Index finished unchanged at 2,230.73, as just one issue traded on the Bermuda Stock Exchange. Argus Group Holdings Ltd closed unchanged at $6.30 after 5,019 shares ($31,619.70) changed hands. The Bank of N.T. Butterfield & Son Limited rose...

AM Best has affirmed the long-term issuer credit ratings of “bbb-” (Good) of Bermudian-based R&Q Insurance Holdings Ltd. Concurrently, AM Best has removed from under review with negative implications and affirmed the financial strength ratings of A- ...

AM Best has affirmed the credit ratings of Bermudian-based RenaissanceRe Holdings Limited and its main subsidiaries. The ratings agency affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit ratings of “aa-” (Superior...

Ignite Bermuda is best known as an entrepreneurial accelerator but the programme also seeks to positively impact the island’s not-for-profit community. Already, ten not-for-profit organisations have completed Ignite’s free, five-month core programme ...

Legislation designed to protect financial service customers was passed in the Senate. The Bermuda Monetary Authority Amendment Act 2022 will mean that the BMA’s principal 1969 Act will include, among its main objectives, an aim to promote consumer p...

Bermudian-based Somers Limited, the financial services investment holding company, is to go private after its shareholders approved a merger with SNB Investments. The company held a special general meeting at which shareholders voted in favour of the...

Legislation seeking to update definitions and correct fee structures incorrectly stated in the Bermuda Monetary Authority Act 1969 has been approved in the Senate. The Bermuda Monetary Authority Amendment (No 2) Act 2022, was tabled by Arianna Hodgs...

The Bermuda Business Development Agency will support the 60th annual Florida Insurance Council Summer Symposium next week in Orlando, Florida. The FIC programme will include state legislators, the Office of Insurance Regulation and other industry spe...