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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...

Growth in global insurance, and the subsequent naturally occurring expiry or capital exit are reasons for an increase in the global non-life run-off market. Estimated liabilities rose 11 per cent to $960bn since the beginning of 2021, according to Pw...

BMS Re, the specialty reinsurance broker, has appointed Chris McDowell as CEO of BMS Re Bermuda. The appointment is effective November 26, following completion of his notice period and any requisite regulatory approvals. Mario Binetti also joins as ...

Healthcare reform in Bermuda may be up to a decade away, a veteran insurance executive has advised. John Wight, the group chief executive officer of BF&M Limited, said that timeline is consistent with healthcare reform that has taken place elsewhere....

BF&M Limited has reported a shareholders’ net loss of $12.3 million for the six months ended June 30, compared with the shareholders’ net income for the same period in 2021 of $14.8 million. Net income from operations, after excluding the negative f...

A joint venture with grand potential just a few years ago appears to be ending, an apparent victim of the catastrophe reinsurance and investment markets. It comes after substantial catastrophe and investment losses. Enhanzed Reinsurance Ltd, the Clas...

Argus Insurance is seeking the attention of institutional investors in a move to enlarge the company’s size. The position was underscored in the just released annual report. Even after recent moves to diversify the company’s holdings, including into ...

Cup Match cricket clubs Somerset and St George’s were given a total of $75,000 today to help cover the costs of the annual event. A cheque for $25,000 was presented to St George’s Cricket Club this afternoon to help cover its Cup Match costs, while ...

Ashly Turner has been appointed to lead US Energy Insurance and Steve Blackwell to lead US Life Sciences Insurance at Hamilton Select Insurance Inc, Hamilton’s newly-launched E&S insurer with a financial strength rating of A- (Excellent) from A.M. Be...

A unit of the Association of Bermuda International Companies is focused on promoting a more diverse and inclusive workforce. Philip Vandoninck, chairman of Abic’s Diversity, Equity and Inclusion Committee is also chief executive of Fidelis Insurance ...

AM Best believes Lloyd’s will produce strong technical performance over the underwriting cycle and that capital will continue to be attracted to the market. This commentary from the rating agency comes despite the fact that recent underwriting perfo...