Log In

Concert Group Holdings Inc has appointed John Hendrickson as chief executive officer. Mr Hendrickson, who will take up his new position on January 1, succeeds Jonathan Reiss, who assumed the role of CEO at Concert’s inception in 2021. “We’re delighte...

The Bermuda captive of one of the world’s largest companies has continued strong operating results over the past five years, driven partly by robust underwriting profits and the absence of large losses. Some evidence of this for the single-parent cap...

Bermuda-based captive insurance company Transmonde Services Insurance Company Ltd has had its financial strength rating of A affirmed by the ratings agency AM Best. AM Best has also affirmed Transmonde’s long-term issuer credit rating of “a” and said...

Captive insurers are beginning to play a vital role in closing the climate risk-related protection gap, a new report by the Bermuda Monetary Authority suggests. The BMA Captive Report 2021 is based on an aggregation of the electronic reporting data s...

A new report has delivered further evidence of the efficacy of captive insurance, outlining how their use in Bermuda and two Caribbean countries saved their corporate owners demonstrably on insurance costs, when compared to use of commercial insuranc...

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Bermuda captive Evergreen Insurance Company Limited, with a stable outlook. The ratings reflect EICL’s balance sheet stre...

Strategic Risk Solutions, the world’s largest independent insurance company manager, has opened a new office in Paris. The company said new SRS offices are popping up across Europe as the demand for captive management services continues to grow. “Sin...

Strategic Risk Solutions, the world’s largest independent insurance company manager, has announced that Paul Gatutha has joined SRS Bermuda as a director in its Hamilton office. The company said Mr Gatutha will be a key member of the Bermuda leadersh...

The golden arches have returned to Bermuda – but this time as an insurance entity rather than a place to buy a happy meal. Fast food giant McDonald’s has moved its global insurance operation to the island, reports The Irish Independent newspaper. Gol...

Strategic Risk Solutions, the world’s largest independent insurance company manager, has announced that Bermuda market veteran Brad Meindersma has joined as the president of SRS Managers (Canada) Limited. Brady Young, SRS president and CEO, said: “We...

California-based Bamboo Ide8 Insurance Services LLC, which has a Bermudian-domiciled captive insurance entity, has announced the $16 million close of its Series A funding round. Since launch, Bamboo has raised $75 million in financing to support orga...

Grainne Richmond has joined the Bermuda office of Aon as executive vice-president, head of captives. She joins from Strategic Risk Solutions, where she served as a vice-president. Ms Richmond was previously a vice-president at Dyna Management Service...