Log In

Reinsurance franchise Ariel Re is being bought from Argo Group for an undisclosed sum. Private equity investors Pelican Ventures and JC Flowers have agreed to acquire Ariel Re from Bermudian-based Argo Group. Ariel Re was founded by Don Kramer in 200...

Working from home can have a negative impact on career development and lead to exhaustion and burnout. It can also adversely affect company culture and team cohesion, and have a knock-on impact on the local economy. Those were discussion points for a...

Bermudian-based White Mountains Insurance Group Ltd has received a cash boost from yesterday’s initial public offering from US insurtech firm MediaAlpha. The Bermudian company offered 2.99 million of its MediaAlpha shares as part of the IPO, which w...

PartnerRe has established a new partnership with Ladder, which pioneered the use of machine learning to instantly underwrite life insurance online. Ladder created a streamlined, ten-minute digital process to help modern consumers care for their famil...

Two mortgage insurers have sponsored a total of $740 million of insurance-linked securities admitted for listing on the Bermuda Stock Exchange in the past week. Genworth Mortgage Insurance and Radian Guaranty, both secured collateralised mortgage rei...

Chubb Ltd shook off net pretax catastrophe losses of $925 million to post net income of $1.19 billion in the third quarter. The Swiss-based insurer with substantial operations in Bermuda said net earnings were up from $1.09 billion in the correspondi...

Third Point Reinsurance Ltd will hold a special general meeting of shareholders to allow them to vote on matters in connection with its announced merger with Sirius International Group Ltd. The merger is expected to close in the first quarter of 2021...

The prevalence of working from home is raising concerns about how new employees can learn a corporate culture and assimilate into teams. Executives speaking on a virtual panel at the Bermuda Insurance Institute’s Fall Conference agreed that remote wo...

Brian Duperreault is to vacate his position as chief executive officer of American International Group and become executive chairman. He will be succeeded by AIG president Peter Zaffino on March 1. Mr Duperreault, who was born in Bermuda, is a vetera...

The Bermuda Business Development Association and Bermuda: Re+ILS hosted a virtual round table discussion with Bermuda’s reinsurance industry leaders on the main challenges it has faced of late – including cat losses, falling interest rates, and the u...

BF&M’s financial strength rating of A has been affirmed by AM Best. The A (excellent) rating applies to all of the insurer’s subsidiaries, BF&M Life Insurance Company Ltd, BF&M General Insurance Company Ltd and Island Heritage Insurance Company Ltd, ...

Argo Group International Holdings, Ltd has said its third quarter earnings will be adversely affected by estimated losses related to various natural catastrophe events and the continued impact of the Covid-19 pandemic. The Bermudian-based company exp...