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A Canadian news outlet has targeted a billionaire family for its use of “an offshore insurance company that allowed them to move millions of dollars in profits out of Canada and into the ‘tax haven’ of Bermuda”. But the extensive article refers to no...

Bermudian Tyler Owen is to rejoin the Bermuda professional lines team at Axa XL as SVP, product line leader, the company announced. Mr Owen, whose appointment is effective on Monday, will report to Axa XL’s Bermuda professional lines chief underwriti...

AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Bermudian-based NEWGT Reinsurance Company Ltd. The outlook of these credit ratings is stable. NEWGT is a wholly owned s...

Banyan Risk Ltd, a Bermudian-based managing general agent that specialises in writing directors and officers’ insurance, has teamed up with SPAC-focused financial advisory firm Zukin Certification Services to offer help to companies going public. Zuk...

Everest Re Group Ltd is estimating total pre-tax net catastrophe losses of $730 million for the third quarter. About $600 million is attributed to Hurricane Ian, which made landfall on the west coast of Florida on September 28, with $500 million attr...

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...

DeNexus, the provider of next-generation cyber-risk modelling for industrial organisations, reinsurers and investors in insurance-linked securities, has taken it to another level. The company opened its Bermuda office this summer and is launching a n...

After a three-year pandemic hiatus, the international law firm Kennedys’ Hot Topics Seminar returned with a record attendance at the Bermuda Underwater Exploration Institute’s Tradewinds Auditorium. The event attracted nearly 150 representatives from...

Mosaic Insurance has launched a global environmental liability division, its seventh specialty underwriting unit, to be led by seasoned executive Jim Finnamore. The company has also hired environmental specialists David Barr and William Campbell, all...

Everest Re Group Ltd received top honours at the Inside P&C Honours awards ceremony, including the Hybrid Insurer of the Year award, which is an award that the editors designate to celebrate the outstanding achievements and exceptional talent from th...

A rating agency has pledged to continue to monitor the status of the strategic review launched this summer by domestic insurer BF&M through to completion. AM Best said it will then evaluate the potential impact to BF&M’s rating fundamentals. The agen...

Elementum, the US-based alternative investment manager with an affiliated operation in Bermuda, has announced that Douglas Duncan has joined its senior team in the firm's Chicago headquarters as chief technology officer. In his role, Mr Duncan is res...