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The overall performance of insurance-linked securities (ILS) funds has slipped despite another year of record cat bond issuance, according to a Best’s Special Report. AM Best said that the global ILS market also remained saddled with prior catastroph...

Maiden Holdings Ltd’s net profit for the year rose almost 50 per cent to $117.6 million in 2021 as its enjoyed favourable returns on its management of its assets. The Bermudian-based holding company reported fourth quarter net income available to Ma...

Bermudian-based Apex Group Ltd, the rapidly expanding global financial services provider, has expanded its digital assets capabilities with the acquisition of a majority stake in Fund Admin Chain, a distributed ledger-based network for launching, dis...

Mosaic Insurance is building a cybersecurity underwriting unit in Bermuda to align its global business strategy around the fast-growing risk. The Bermudian-based specialty insurer said it had transferred its cyber team underwriter George Cole from Lo...

The RG/BSX Index remained unchanged at 2,495, as there was no trading of domestic companies on the Bermuda Stock Exchange. The Bank of N.T. Butterfield & Son Limited closed unchanged at $36.22 on the New York Stock Exchange.

Avance Gas Holding Ltd, the Bermudian-based company engaged in the transportation of liquefied petroleum gas, has new leadership. Kristian Sørensen has resigned as CEO to pursue opportunities outside of the company. The chairman of the board, Erik O....

David Burt says the proposed minimum global corporate tax rate could affect Bermuda more than other international financial centres

Bermuda’s re/insurance industry rises to the occasion during uncertain times, says Axis chief executive officer Albert Benchimol

The pandemic, climate and political risks faced by the insurance industry are challenging because of their unusual scale

Changes are coming to PwC. The firm said a new strategy focuses on two interconnected needs faced by clients around the world: To build trust and deliver sustainable outcomes. A press release said: “Solving the problems of the future requires teams...