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Executive lounges in the LF Wade International Airport’s departures area have officially opened, Bermuda Skyport announced. TAV Operation Services Ltd and Graycliff Divans Bermuda Ltd have formed a joint venture – TAV-GD Operation Services Ltd – to o...

The RG/BSX Index closed unchanged at 2,598.80 in the absence of trading on the Bermuda Stock Exchange. The Bank of Butterfield fell 19 cents (0.49 per cent) to close at $38.39 on the New York Stock Exchange. The BSX Insurance Index remained unquoted....

A newly formed business dedicated to insurance fronting, Concert Group Holdings, Inc, has completed its targeted capital raise and received a rating of “A-” (excellent) from AM Best. Concert has secured $100 million in capital to fund its growth as a...

Bermuda-based Arch Capital Group Ltd and its investment partners Warburg Pincus and Kelso & Company have announced that Watford Holdings Ltd and Watford Re Ltd have been renamed Somers Group Holdings Ltd and Somers Re Ltd. Liz Cunningham has been app...

American fintech company AlphaPoint has announced its membership in the Bermuda Monetary Authority’s Innovation Hub. The innovation track was established by the BMA to operate as a platform for exchanging ideas and information around the digital tran...

Bermuda-based Axis Capital Holdings Limited has launched a new policy designed to encourage diversity in their business suppliers. Axis is working to ensure the engagement of certified diverse business enterprises in their procurement process. Albert...

Bermuda-based James River Group Holdings Ltd has reported a third quarter 2021 net loss of $23.9 million. That compares to net income of $26.3 million for the third quarter of 2020. Adjusted net operating loss for the third quarter was $26.8 million,...

AM Best has assigned a financial strength rating of A- (Excellent) and a long-term issuer credit rating of “a-” (Excellent) to Bermuda-based 777 Re Ltd. The outlook assigned to these credit ratings is stable. The ratings reflect 777 Re’s balance shee...

The Bermuda Monetary Authority released the 2020 BMA Captive Report yesterday. This report highlights the market results from the 2019 year-end statutory financial returns by general business captive insurers (i.e., Class 1, Class 2 and Class 3 insu...

(BLOOMBERG) – Credit Suisse Group AG lost a court fight in Bermuda to keep the lid on confidential reports about a deceased rogue-banker convicted of defrauding his rich clients including a billionaire former Georgian prime minister. The Bermuda Supr...