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When Norwegian insurance executive Rolf Roppestad came to Bermuda for business meetings this month, he had a special request. He wanted to meet his childhood hero, Bermudian footballer, Clyde Best, who scored 58 goals for West Ham United between 196...

Insurance buyers want to purchase customised cyber threat coverage rather than an off-the-shelf product, a panellist told an international audience at the NetDiligence Cyber Risk Summit at Hamilton Princess & Beach Club. Benjamin Vaughn, senior vice-...

AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit ratings of “a-” (Excellent) of Bermudian-based Somers Re Ltd and its subsidiaries. They include Watford Insurance Company Europe Limited (Gibraltar),...

Build America Mutual, the only mutual US municipal-only bond insurer, has completed a $150 million, fully collateralised reinsurance agreement with Fidus Re Ltd, the Bermudian-based restricted special-purpose insurer. After the transaction, BAM’s cla...

Fleming Insurance Holdings, the Bermuda-based class 3A company, has signed a reinsurance agreement to transfer certain casualty risks of Conifer Holdings and its affiliated companies. Conifer, a specialty insurance holding company, offering customis...

American insurers will have to face some harsh economic realities affecting the broader market in the year ahead, analysts say. A Fitch Ratings overview of the outlook from analysts during Fitch Ratings’ 2022 North American Insurance Conference outli...

Wasef Jabsheh, chairman and CEO of Bermudian-based International General Insurance Holdings Ltd, the international specialty risks commercial re/insurer, led IGI in ringing the closing bell at the Nasdaq MarketSite in Times Square, New York, tonight....

John M. Huff, the chief executive of the Association of Bermuda Insurers and Reinsurers, has been elected to chair the Global Federation of Insurance Associations’ Anti-Money Laundering and Counter Terrorism Financing Working Group. The GFIA’s 40 mem...

AM Best has affirmed the financial strength rating of B+ (Good) and the long-term issuer credit rating of “bbb-” (Good) of Bermudian-based Orion Reinsurance Ltd. The outlook of these credit ratings is stable. The ratings reflect Orion Re’s balance sh...

Everest Re Group Ltd has appointed global financial services veteran Hazel McNeilage as an independent, non-executive member of its board of directors. “Hazel’s extensive global business experience and exceptional leadership acumen make her a valuabl...