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Athene Holding Ltd’s first-quarter net income fell 30 per cent to $268 million, compared to the same period a year earlier. The Bermudian-based life reinsurer and annuities provider, which is backed by private-equity firm Apollo, said its book value ...

Relations between the UK and its Overseas Territories have taken “a significant backwards step” following a move to compel the OTs to make their company ownership registries public by the end of 2020. That was the reaction of David Burt, the Premier,...

A move to require Bermuda to make its register of company ownership public by the end of 2020 has been described as a backwards step in relations between the UK and the UK Overseas Territories by David Burt, the Premier. A debate in the House of Comm...

Guy Carpenter has promoted John Fletcher to the role of chairman of the firm’s Bermuda operations, with immediate effect. Mr Fletcher was most recently head of the firm’s property retrocessional practice in Bermuda, where he has been based since 2013...

Ratings agency Standard and Poor has revised its outlook on Bermuda, raising it from stable to positive. David Burt, the Premier and Minister of Finance, celebrated the announcement. “Standard and Poor’s in their overview stated Bermuda’s credit stor...

Somerset Reinsurance Ltd has appointed Josh Braverman as chief investment officer and a member of the company’s executive leadership team. Mr Braverman, who will be based in Bermuda, has overall responsibility for all of the company’s asset managem...

Axis Re has named former American International Group executive Megan Thomas as its chief underwriting officer. Ms Thomas will be based in New York in her new role with the reinsurance division of Bermudian-based Axis Capital Holdings Ltd. She will r...

Bermudian-domiciled Athora Holding Ltd announced that it will acquire Belgian insurer Generali Belgium SA in a deal worth €€540 million ($668 million). Generali Belgium is today the eleventh largest insurer in Belgium and is the Belgium-based subsidi...

AM Best has affirmed the ratings of Bermudian-based life insurer and annuities provider Athene Holdings. Athene’s financial strength rating remains at A and its long-term issuer credit rating at “a”. The outlook of Athene and its operating subsidiari...

Bermuda saw $36.9 billion of merger and acquisition deals last year, according to a report by offshore law firm Appleby. Island-based entities were involved in 402 deals which represented 15 per cent of deal volume and 16 per cent of deal value acros...

Bermudian-based Sompo International has announced four new hires as it looks to build up its global business. The company, which runs the non-Japanese business of Tokyo-based giant Sompo, said yesterday that Patrick Cove had joined the company to bec...

A marketing business that transforms design concepts into branded products, has found success, growth and some high-profile clients. Brandit Bermuda Ltd was established six years ago by 35-year-old Jaime Ramsay, whose business stemmed from his suppor...