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A struggling bakery business has been given one last chance to make full restitution of money it owes to former employees. Cake Shop Limited, which operates an outlet on Curving Avenue in Pembroke, is before the Supreme Court of Bermuda on a winding-...

An American issuer of fixed index annuities has set up a reinsurer in Bermuda. American Equity Investment Life Holding Company revealed the formation and licensing of AEL Bermuda Reinsurance Company in its fourth quarter and full-year 2021 earnings r...

One of the world’s largest insurance and reinsurance brokers, Aon, has joined the Association of Bermuda Insurers and Reinsurers (Abir). The association pointed out Aon’s significant and enduring presence in the Bermuda market for more than 50 years,...

Fitch Ratings has maintained its negative outlook on the ratings of SiriusPoint Ltd. (SPNT). Fitch affirmed SPNT ratings, including its BBB Long-Term Issuer Default Rating (IDR), BBB senior debt rating and A- (Strong) Insurer Financial Strength (IFS)...

A Bermudian-based reinsurer has played a pivotal role in helping a revolutionary new crypto wallet insurance product get to market. Relm Insurance Ltd has provided the necessary reinsurance backing for Crypto Shield, the first insurance product for c...

In our third instalment of addressing psychological safety and building trust in the workplace, we provide practical tips that everyone in the workforce can rally around and apply to navigate the uncertainties of “getting back to work”. When practis...

Sony’s Bermuda captive has won acknowledgement of its outstanding financial strength and credit ratings by AM Best. The rating agency has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “A+” (Excellen...

The parent company of island-based Palomar Specialty Reinsurance Company Bermuda Ltd has reported net income of $16.6 million in the fourth quarter of 2021, which contributed to full year net income of $45.8 million. California-based Palomar Holdings...

Hiscox Ltd has appointed Jon Dye as UK CEO, effective in September, subject to regulatory approval. The Bermudian-headquartered international specialist insurer said Mr Dye would be responsible for leading Hiscox’s flagship retail business in the UK....

Mosaic Insurance, the Bermudian-based specialty insurer, is activating more global capacity to meet transactional liability risks, as a growing consortia of industry partners joins its syndicated capital programme. The company said it would underwrit...