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Philadelphia Financial has established two new subsidiaries on the Island to provide life insurance products aimed at high net worth clients. The parent company announced yesterday that Philadelphia Financial Life Assurance Company (Bermuda) Ltd and ...

Two new insurance companies and an insurance broker incorporated in Bermuda in July. Broker Link Ltd, Class 2 insurer Nostec Insurance Ltd and Class C insurer Aurigen Reinsurance Ltd all set up on the Island last month. Bermuda Monetary Authority reg...

Registration is underway for anyone interested in the Fall 2012 semester classes offered at the Bermuda Insurance Institute (BII). Classes are preparing students for the Bermuda exam window scheduled for January 15 through February 8, 2013. Exam fee...

Hannover Re, one of the largest reinsurers in the world, reported a 13 percent second-quarter decline in profit citing lower contribution from investments and a substantially higher tax rate that more than offset moderate disaster claims and higher p...

Bermuda-based Maiden Holdings announced that it will issue a quarterly cash dividend of eight cents per share of common stock. The dividend will be payable on October 15, 2012 to shareholders of record as of October 1, 2012. This week, the company re...

Rating agency AM Best has affirmed the financial strength ratings of A+ (superior) and issuer credit ratings (ICR) of “aa-” of Bermuda-based Everest Reinsurance and its reinsurance and insurance subsidiaries. Concurrently, AM Best has affirmed the I...

Bermuda-based Maiden Holdings reported $14.5 million net income for the second quarter of 2012 compared to a net loss of $24.4 million during the same period last year. The company recorded net operating earnings of $19.7 million compared with $11.2 ...