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Palomar Holdings Inc, the parent company of island-based Palomar Specialty Reinsurance Company Bermuda Ltd, has announced estimated pre-tax catastrophe losses of $12.5 million, net of reinsurance, for the third quarter of 2022. The company said this ...

A company related to Bermuda energy mutual, Everen, has maintained its strong credit ratings with AM Best. The agency has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of excess ge...

Bermudian-based RenaissanceRe Holdings Ltd has estimated that losses from certain 2022 catastrophe events will have a net negative impact of approximately $650 million on the company’s third-quarter results. This estimate is primarily driven by the n...

AM Best has assigned a financial strength rating of A- (Excellent) and a long-term issuer credit rating of “a-” (Excellent) to Bermudian-based Research Insurance Company Limited. The outlook assigned to these credit ratings is stable. RICL is a capti...

Strategic Risk Solutions, the world’s largest independent insurance company manager, has announced that Paul Gatutha has joined SRS Bermuda as a director in its Hamilton office. The company said Mr Gatutha will be a key member of the Bermuda leadersh...

SiriusPoint Ltd, the global specialty re/insurer based in Bermuda, was among the participants in a $2.4 million seed extension funding round by LuckyTruck, the tech-enabled retail insurance agent focused exclusively on trucking. Led by Candid Insuran...

Compre, the Bermudian-headquartered international legacy group, has agreed to acquire the Irish subsidiary of Covéa, Medical Insurance Company DAC, which provided general liability insurance covering professional medical malpractice risks before ente...

Arch Capital Group Ltd has estimated pretax net catastrophe losses of $530 million to $560 million across the property casualty insurance and reinsurance segments in the 2022 third quarter. The Bermudian-based re/insurer said its quarterly results wi...

Chubb has named Bill Hazelton as executive vice-president, head of North America Industry Practices. In this newly created role, Mr Hazelton will lead the company's efforts to enhance delivery of comprehensive industry-focused insurance coverages, ri...

Industry veteran David Florian has been appointed chief executive officer at Aspida Life Re Ltd, the Bermudian-based life and annuity reinsurance company. The company said Mr Florian is a seasoned reinsurance professional with an impressive history o...