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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 of these credit ratings is stable. The ratings reflect Brit Re’s balance ...

Bermudian-based Sompo International, the global provider of commercial and consumer property and casualty re/insurance, has appointed Lawrence Doyle as chief operating officer, Global Markets. He will report to Julian James, Sompo International’s CEO...

John Wight has stepped down from the board of directors as group chairman of BF&M Limited, effective immediately. Acting chairman Tony Joaquin said: “On behalf of the entire board, I would like to thank John for his tireless service and dedication to...

Bermudian-based re/insurers estimate that they will incur gross claim losses of more than $13 billion in payments to policyholders and cedants in the United States to cover the damaging effects of Hurricane Ian. The hurricane made landfall in Florida...

Relm Insurance Ltd, the Bermudian-based specialty insurer, has revealed that it provides insurance coverage to the US and Australian entities of FTX, the crypto currency exchange that collapsed last month. Bahamas-headquartered FTX Trading Ltd, which...

The Bermuda College has taken a step toward its goal of offering locally the first two years towards an insurance or risk management qualification. The Bermuda Insurance Institute is winding up its affairs and transferring surplus funds to the Bermud...

The credit ratings of Bermudian-based Fidelis Insurance Holdings Limited and its subsidiaries remain under review with negative implications, AM Best has said. The ratings agency said Fidelis has received regulatory approvals for the separation of it...

Argus Group Holdings Limited has reported net income for the six months to September 30 of $26.3 million, compared with $8.1 million in the previous year. Argus chief executive Alison Hill said: “The financial results for the six months to September ...

Domestic insurer BF&M Limited has reported a shareholders’ net loss of $13.4 million for the nine months ended September 30. This compares with shareholders’ net income for the same period in 2021 of $19.5 million. The company said net income from o...

Two independent proxy firms have thrown their support behind the seven director nominees put forward by Bermudian-based Argo Group for election at the company’s annual general meeting next week. Additionally, Argo said Voce Capital Management LLC, th...