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Bermuda (re) insurers paid out $29.3 billion to European Union policyholders and cedants for property and casualty losses and life insurance claims during the five-year period from 2016 to 2020. This is according to commercial market claims data coll...

Kirsten Beasley has been appointed head of the Bermuda office of Willis Towers Watson, the global advisory, broking, and solutions company. Ms Beasley has been Willis’ head of healthcare broking, North America, since 2018 and was named interim head o...

Norlicia Bean has joined TeleBermuda International Limited as manager of customer services. The company said Ms Bean's responsibilities encompass managing the customer service team, leading the call centre, supervising the retail store, and ensuring ...

A Cayman Islands domiciled regional insurance fund, in which Bermuda participates, will pay some $40 million to the Government of Haiti following the devastating magnitude 7.2 earthquake that struck Saturday. The payout represents the full coverage l...

AM Best has assigned a financial strength rating of B++ (Good) and a long-term issuer credit rating of “bbb+” (Good) to ASR Re Limited (Bermuda). ASR Re has been licensed as a Class 3A insurer by the Bermuda Monetary Authority. AM Best said the compa...

Bermuda-based SFL Corporation Ltd has reported net profit of $19.5 million in the second quarter of 2021. The ship-owning company, one of the world’s largest, said other preliminary financial results include operating revenue of approximately $116.8 ...

Bermuda-based Valaris Ltd, the offshore drilling services company, has been awarded one-well contracts with Shell Namibia Upstream B.V. and Shell Sao Tome and Principe B.V. offshore Namibia and Sao Tome and Principe, respectively, for the drillship, ...

The RG/BSX Index closed unchanged at 2,557.26, in the absence of trading. The BSX Insurance Index remained inoperable because of technical problems. The Bank of Butterfield fell 35 cents (1.04 per cent) to $33.15.

An investment fund manager has called on Bermuda to coordinate with other countries in formulating a response to the push for a global minimum corporate tax. The call came during the virtual Artemis Bermuda ILS Executive Roundtable this week, from Ri...

Bermuda remains the favoured jurisdiction for catastrophe bond issuance, even though there’s now more choice than ever for sponsors with new jurisdictions, notably in Asia, increasingly looking to grow their market share. This consensus emerged from ...