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AM Best has affirmed the financial strength rating of the long-term Bermuda captive of the International Association of Superintendents, a subsidiary of the Swiss organisation SGS SA. A Bermuda captive since 1978, Transmonde Services Insurance Compan...

The sale of Bermuda-based reinsurer PartnerRe to French mutual insurer Covéa for $9 billion is set. A statement on the Exor website said that the transaction would reinforce PartnerRe’s strategy, further confirming its status as one of the world’s l...

For many dogs, dinner consists of whatever slides out of a can at the end of the day. But dog lover Nicole Simons believes our canine companions deserve better than that. She runs her own doggy catering business, Fetch, providing canine clients wit...

Axis Capital Holdings Limited has declared that net income available to common shareholders for the third quarter of 2021 ended September 30 was $47 million, compared with a net loss of $73 million for the third quarter of last year. Pretax catastrop...

The RG/BSX Index closed unchanged at 2,705.02 in the absence of trading on the Bermuda Stock Exchange. On the New York Stock Exchange, the Bank of Butterfield stock price fell $2.31 (6.11 per cent) to close at $35.48. The BSX Insurance Index remained...

Bermuda-based financial services company Athene Holding Ltd was the lead investor in a combination of an automotive fleet-leasing and management company and an award-winning developer of innovative fleet-management technology solutions. Merging the h...

Moody's Investors Service has placed under review for upgrade Digicel Group Holdings Limited’s Caa2 corporate family rating, its Caa2-PD/LD probability of default rating, Caa3 senior secured rating and Ca senior unsecured ratings. Moody's has also p...

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Brit Reinsurance (Bermuda) Limited. The outlook is stable. The ratings reflect Brit Re’s balance sheet strength, which AM...

Bermuda-based global financial services provider Apex Group Ltd will be providing fund administration services to Midtown Capital Partners LLC. Midtown is a real-estate investment and asset-management firm focused on acquiring properties in the offi...

The Everest Re Group Ltd has reported a 2021 third-quarter net loss of $73.5 million, compared with net income of $243.1 million in the same period last year. Net operating income was a net loss of $52.6 million, compared with net operating income of...