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Bermudian-based Convex Group’s net loss narrowed from $179 million to $158 million in fiscal year 2021 as its gross written premiums nearly doubled, the international specialty re/insurer said. Convex said gross written premium increased by 93 per c...

AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of four subsidiaries of Bermudian-based Convex Group Limited. Island-based Convex Re Limited (CRL), Convex Insurance UK Li...

Somers Limited has reported a net loss of $46.9 million for the second quarter of its fiscal year as the company was buffeted by the severe downturn in global investment markets. The Bermudian-based financial services investment holding company said...

The difference between actual and insured losses around the world could widen from $1.4 trillion in 2020 to $1.8 trillion by 2025, with the Asia-Pacific region accounting for almost half of all uninsured risk, according to a new PWC report. PwC o...

The Bermuda Stock Exchange was unchanged yesterday, at 2,172.53, as no shares changed hands in Bermuda. On the New York Stock Exchange, The Bank of NT Butterfield and Son closed at $29.02 down 54 cents (1.83 per cent).

Rebecca H Tadikonda has been appointed executive vice-president, strategy and innovation at Bermudian-based Athene Holding Ltd. Ms Tadikonda was formerly executive vice-president, head of MetLife Holdings. In this newly created role, Athene said, Ms ...

Sid Sankaran has resigned as chairman and chief executive officer of SiriusPoint Ltd, the international specialty re/insurer headquartered in Bermuda. The company said he is to “pursue other opportunities”. The board of directors of SiriusPoint has n...

Bill Calko wants to put the word out that he services Kias and Hyundais. It is not because business is slow at Rev Automotive Ltd in Southampton. “I am actually quite busy,” the mechanic said. It is more because he gets so many calls from customers...

Tax justice campaigners have cited the United States as the worst offender for countries helping individuals to hide their wealth from the rule of law. For the first time, the Tax Justice Network put the US at the top of the global ranking of their 2...

Carmen Trott has been promoted to principal engineer at iEPC Limited, the Bermudian-based engineering company announced today. In her new role, Ms Trott will be responsible for managing the entire team of engineers at the company. She said: “I am thr...