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The resilience of Bermuda and its globally leading reinsurance sector has been highlighted in a series of filmed interviews with chief executives of leading insurance organisations, conducted by PwC and The Financial Times. Against the backdrop of th...

New Bermudian reinsurer Vantage Risk Ltd has been given an A- (excellent) financial strength rating and a long-term issuer credit rating of “a-” by AM Best. The outlook assigned for the credit ratings is stable. The ratings reflect Vantage’s balance ...

Conduit Reinsurance Ltd, one of the large new start-ups set to enter the Bermudian reinsurance market, has been given a preliminary financial strength credit assessment of A- by AM Best. The firm’s holding company, Conduit Holdings, has announced pl...

Bermudian-based reinsurance investor Hudson Structured Capital Management has teamed up with global broker and risk adviser Aon to create a new cyber catastrophe insurance product. The product, which allows for limits of up to $70 million, is intende...

Bermuda-based international specialty insurer and reinsurer Convex Group Ltd has secured commitments for an additional $1 billion of equity capital. Convex, launched in April 2019 with $1.7 billion of initial committed capital, has now raised $2.7 bi...

The Association of Bermuda Insurers and Reinsurers has announced a new strategic partnership with Bermuda College and New York’s St John’s University, Maurice R. Greenberg School of Risk Management, Insurance & Actuarial Science, to develop diversity...

The scope of companies required to register under the Insurance Act is set to expand if legislation introduced by Government in the House of Assembly is passed. The Insurance Amendment (No 2) Act 2020 requires an incorporated segregated accounts comp...

International General Insurance Holdings Ltd has seen rates across its book of business climb by more than a fifth so far this year. The revelation came in the Bermudian specialist commercial re/insurer’s third-quarter earnings report, as net income ...

Lloyd’s of London insurer Chaucer plc has gained the necessary regulatory approvals to launch its new Bermudian reinsurance company. The Bermuda Monetary Authority and the Central Bank of Ireland have given the green light for the company to resume o...

Bermudian-based Maiden Holdings Ltd has continued its return to profitability, and reported third quarter net income of $2.2 million, or three cents per diluted common share. That compares to a net loss of $58.3 million, or 70 cents per share for th...

Brookfield Asset Management is to set up a new Bermudian-based annuity reinsurance company. BAM Reinsurance will take responsibility for up to $10 billion worth of annuity policies originally written by American Equity Investment Life Insurance. The...

Conduit Holdings Ltd intends to raise $1.1 billion through a stock market flotation in order to set up a new Bermudian re/insurance company. The company, which will be led by industry veterans Neil Eckert and Trevor Carvey, said it will operate under...