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The number of new re/insurers setting up in Bermuda has increased by 50 percent over the past year with 13 new companies incorporating in December alone. The recent upsurge in registrations has affirmed the Island’s status as a world-class centre for...

A big number of Bermuda’s re/insurance executives are expected to be in attendance at the 21st annual World Captive Forum conference held in Miami at the end of this month. The event, which will be hosted at the city’s Doral Gold Resort & Spa from Ja...

Third Point Reinsurance Ltd has been assigned a financial strength rating of A- (excellent) and issuer credit rating of “a-” by AM Best Co. The outlook assigned to both ratings is stable. Best said that the ratings of Third Point Re were based on its...

The landscape recently changed in respect of the vexed question of who might be entitled to Permanent Resident’s Certificate (PRC) status in Bermuda. Before the recent amendment, PRC status was possible only for spouses and children of PRC holders. ...

In today’s ever increasingly busy and stressed business environment people need to prioritise what is important to them in order to be even more productive than before. That is the message from Martha Kirkwood, director of Effective Leadership Bermud...

Sirius International Insurance Group Ltd, a wholly-owned subsidiary of White Mountains Insurance Group Ltd, has through a subsidiary acquired the runoff loss reserve portfolio of Bermuda-based Old Lyme Insurance Company Ltd. Old Lyme has been in runo...

LONDON (Bloomberg) Oslo Boers, Norway’s stock exchange, said it ended an investigation into trading of shares in Frontline Ltd before the tanker company announced it planned to split in two. The probe found no grounds to report trading to the country...

Bermuda-based Catlin Group Ltd has announces that it has formed a partnership with two specialist risk management consultancies that will enhance the services it offers to clients with hijack, kidnap, extortion and wrongful detention exposures. The p...

XL Group plc and its subsidiaries have announced that the XL Group of companies has received final approval from the Brazilian re/insurance regulator Superintendencia de Seguros Privados (SUSEP) to set up an insurance operation in the country. XL Seg...