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A $2.2 billion deal to secure a majority interest in Bermudian-based multi-line reinsurance company Fortitude Re has been completed. Institutional investors The Carlyle Group and T&D Holdings have completed the acquisition of a 76.6 per cent interest...

Challenges arising from a major hurricane will be compounded by the Covid-19 pandemic, analysts have warned. Fitch Ratings, in its annual hurricane season report, said the added complications would be a headache for insurers already seeing an impact ...

Bermudian-based re/insurer Sompo International Holdings Ltd has formed of a new team offering products to clients in the technology industry through its retail brokers. The new unit is called Sompo GRS Technology, and is part of Sompo Global Risk Sol...

An increase in work-from-home and greater use of technology are among major changes set to shift the way the insurance world will work in the post Covid-19 world, the chief underwriter at an insurance technology firm has predicted. Ari Chatterjee, of...

A Bermudian reinsurer has announced changes to the structure and leadership of the non-life side of its business. PartnerRe has created a new role of chief executive officer of global cat, a post that will be filled by Greg Haft, who is its CEO of sp...

Bermuda International Long Term Insurers and Reinsurers has announced that law firm Kennedys has joined the association. Kennedys becomes the 62nd company to join Biltir, which represents the island’s insurance, reinsurance and servicing companies wh...

Colonial Medical Insurance will defer client health plan renewals to October 1 in light of the ‘unprecedented’ challenges to businesses caused by the Covid-19 pandemic. There will be no increases to Colonial health insurance premiums during the defer...

Independent specialist re/insurance broker BMS Group has appointed Alison Schwab, Russell Williams and Robert Thomas to its energy division. Mr Williams specialises in general casualty and energy liability within the Bermuda market. In the past, he h...

Reinsurance industry leaders are coming together to provide a series of online webinars featuring some of the top companies from Bermuda and elsewhere. The Bermuda Business Development Agency and Rims, the risk management society, will host a weekly ...

Reinsurance, wholesale and specialty broker Ed has externally launched its TradEd portals for carriers and clients in Bermuda. TradEd is an e-trading platform that is used in-house by BGC insurance companies. It is now available to clients and carrie...

Oil Insurance and Oil Casualty Insurance have donated more than $350,000 for ongoing community support primarily to help struggling families. The companies, who annually support about 30 charities, set up a special fund to specifically assist with Co...

Pandemic-related claims are mounting for Bermudian re/insurers, as analysts project global losses of as much as $100 billion for the industry. Many companies in the island’s flagship industry have reported first-quarter earnings this month, featuring...