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AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Palomar Specialty Reinsurance Company Bermuda Ltd. It also affirmed those ratings for Palomar Specialty Insurance Compa...

SiriusPoint Ltd, the Bermudian-headquartered global specialty re/insurer, has announced a strategic partnership with Garentii, a tech-enabled managing general agent providing digital home rental insurance. As part of the partnership, SiriusPoint will...

SiriusPoint Ltd, the global specialty re/insurer headquartered in Bermuda, has announced its investment in Samos Insurance, a US and Canadian MGA platform, which offers a first-of-its-kind accidental death insurance product. The product covers planne...

Poised for growth, a managing general agent backed by the Japanese multinational conglomerate holding company SoftBank Group Corporation, is pioneering a new insurtech strategy. Envelop Risk has launched a Class 3A reinsurer Augmented Re in Bermuda a...

Counterpart, the Los Angeles-based management liability insurtech, has announced the launch of their partnership with Bermudian-headquartered Aspen Insurance to bring Aspen’s management liability products to small businesses across a broader array of...

SiriusPoint Ltd, the global specialty re/insurer headquartered in Bermuda, announced that it is involved in the autonomous vehicle technology through a strategic partnership with the insurtech managing general agent Avinew. Avinew, which was set up i...

FutureProof Technologies, the climate-smart P&C insurtech, has raised $6.5 million in capital led by Axis Digital Ventures, which works across Axis’ underwriting units to develop and grow strategic partnerships with insurtechs and other innovators. P...

A platform for trading interests in insurance contracts is to launch, linking investors’ portfolios to the results of a Bermudian-based reinsurer. Extraordinary Re said its secondary trading platform will enable asset managers and asset owners to bui...

Two Bermudian-based companies are among 11 start-ups selected for the eighth cohort of the Lloyd’s Lab insurtech accelerator programme. Cactus and its flagship product, Marmalade, as well as Kettle have been selected for the 10-week initiative that b...

Atlanta-based insurtech start-up Layr has raised $10 million in a Series A funding round led by HSCM Ventures, the venture capital arm of Hudson Structured Capital Management Ltd, doing its re/insurance business as HSCM Bermuda. The new venture uses ...

Bermudian-domiciled Xceedance and New York City-headquartered Ultimate Risk Solutions have entered into a partnership to deliver enterprise risk management modelling and actuarial and analytics services to insurance organisations worldwide. The compa...

Mosaic Insurance is building a cybersecurity underwriting unit in Bermuda to align its global business strategy around the fast-growing risk. The Bermudian-based specialty insurer said it had transferred its cyber team underwriter George Cole from Lo...