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Sun Life Financial International welcomed Team Bermuda athletes at its Hamilton office to celebrate their achievements at the 2019 NatWest Island Games in Gibraltar. The team won six silver medals and eight bronze medals at the Games. Sun Life, a sp...

Bermudian-based Arch Capital Group Ltd has reported net income for the second quarter of $458.6 million, nearly double the $233.2 million achieved for the same period last year. After-tax operating income was $317.4 million, compared to $242.6 millio...

Members of Abir chalked up more than $100 billion in gross premium for the first time in 2018, according to a survey by the re/insurance industry organisation. The Association of Bermuda Insurers and Reinsurers today released the 2018 global underwri...

Bermudian-based Everest Re Group Ltd has reported second quarter net income of $342.9 million, compared to $69.9 million for the same period last year. After-tax operating income was $320.9 million, compared to $40.4 million, year-on-year. The compa...

Markel is to set up a new retrocessional insurance-linked securities platform in Bermuda. The American insurance company added that island-based unit Markel Catco Investment Management will stop accepting new investments and the funds it oversees wi...

Bermudian-based specialty re/insurer Argo Group has announced that its results for the second quarter of 2019 will be adversely affected by several loss items in the London, Europe, and Bermuda operations. The company is set to release second quarte...

Bermudian-based insurance holding company American Overseas Group Ltd has reported a net loss of $3.2 million and an operating loss of $600,000 for the year ended December 31. The results were announced on Friday in a regulatory filing with the Bermu...

Pina Albo is the new deputy chairwoman of the Association of Bermuda Insurers and Reinsurers, and the first woman elected to the board. Abir has also welcomed Convex Group as its newest member. The Bermudian-based $1.8 billion re/insurer is led by St...

The Bermuda Supreme Court has ordered a temporary halt to a lawsuit filed in New York by a shareholder of Bermudian-based life reinsurer Athene Holding. US-based investor Central Labourers’ Pension Fund made the derivative complaint against private-e...

A global pharmaceutical company has formed a captive insurance company in Bermuda. The Bermuda Monetary Authority stated that Daiichi Sankyo, the second-largest pharma company in Japan, which owns the American biotechnology company Plexxikon, has reg...

Carrie Kelley has joined Ed Broking, the newly-arrived multiline broker in Bermuda. Ed is a global reinsurance, wholesale and specialty broker, which announced last month the opening of its operations in Hamilton, after being giving regulatory approv...

Chubb has joined a trend among insurers and reinsurers to pull away from the coal industry, a move hailed as a “game-changer”. It is the first major US-market insurance company to adopt a restrictive policy towards coal-related underwriting and inves...