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Acrisure, the global insurance broker with a reinsurance operation in Bermuda, has appointed Grahame Millwater in the new role of head of global insurance. The appointment is effective immediately. The company said it is putting in place the operatio...

Mosaic Insurance has launched its financial institutions division, underwriting risks globally through its London office. The Bermudian-based speciality insurer said it is offering tailored coverage to help protect a broad range of financial institut...

Hiscox has reached a settlement with an action group whose members suffered business interruption losses as a result of Covid-19 pandemic lockdowns in Britain between March and July last year. The terms of the settlement between Bermudian-headquarter...

A French mutual insurance group that almost bought PartnerRe, is interested in acquiring Axa XL Reinsurance, according to reports. The deal could be worth about $5 billion. Early last year Covéa, a French non-life mutual, has been on the verge of buy...

American Overseas Group Ltd, a Bermudian-based holding company, has reported a net loss of $5 million and an operating loss of $22.4 million for the year ending December 31, 2020. The company also announced that it has exited from the financial guara...

Bermudian-based Maiden Holdings Ltd rejoined the Russell 2000 Index effective after the market closed on Friday. The reinsurer said annual Russell indexes reconstitution captures the 4,000 largest US stocks as of May 7, ranking them by total market c...

Some of the biggest insurers and reinsurers are spearheading an insurance industry drive to tackle climate change, which is being done in partnership with the Prince of Wales. The Sustainable Markets Initiative Insurance Task Force was launched at Ll...

Bermudian-headquartered global specialty re/insurer SiriusPoint Ltd is among the newest investors in Outdoorsy, the global online RV rental and outdoor travel marketplace. Texas-based Outdoorsy said it has raised $120 million in equity and debt finan...

A subsidiary of Bermudian-based Arch Capital Group Ltd has announced plans to acquire Somerset Bridge Group Limited, Southern Rock Holdings Limited and affiliates, subject to regulatory approval. The proposed acquisition by Arch Reinsurance Ltd will ...

Robert (Bob) Myron is to retire as president and chief operating officer of Bermudian-based James River Group Holdings Ltd. Making the announcement, the insurance holding company said Mr Myron will retire effective July 31 for health reasons related ...

Jeremy England Lee has joined Lockton Re’s non marine retrocession and property specialty division in London. Robert Bisset, chairman, global retrocession and property speciality, Bermuda and Market Capital, Lockton Re, said: “Jez brings deep experti...

BF&M Limited has reported net income of $6.5 million for the three months to the end of March, which compares to a $2.2 million loss in the same quarter last year. John Wight, group chairman and CEO, said: “Overall, we were pleased with the results. ...