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Bermudian-headquartered Nephila Holdings Ltd has sold its interest in award-winning international MGA platform Volante Global to fintech company Acrisure. Nephila, a subsidiary of Markel Corporation, was the majority investor in Volante before its ac...

TeleBermuda International Limited has emerged as a prospective purchaser of cable television provider World on Wireless. TBi’s pole position to take over WoW was revealed by the Regulatory Authority of Bermuda, which has launched a public consultatio...

A subsidiary of Bermudian-domiciled Monument Re Limited has completed the acquisition of AME Life Lux SA (Amell) from French mutual insurance group, Covéa. The company said the deal by Luxembourg-based Monument Assurance Luxembourg SA has received re...

Bermudian-based Argo Group International Holdings Ltd, an underwriter of specialty insurance products, has completed the sale of Argo Seguros Brasil S.A. to Spice Private Equity Ltd. “The closing of this transaction is another definitive step as Argo...

Apex Group Ltd has acquired Best Alternative Advisory Services, an Indian-based, specialised financial services provider. The Bermudian-based global financial services provider said the acquisition of Best will add assets under administration of $30 ...

Bermudian-based Vantage Group Holdings Ltd has received a capital commitment of up to $200 million and has made an important acquisition. Vantage, one of Bermuda’s Class of 2020 re/insurers, said that funds managed by Carlyle and Hellman & Freidman h...

The parent company of a Bermudian-based investment business has acquired a bank in the Cayman Islands. Jamaica-headquartered Proven Investments Limited, through its newly formed subsidiary Proven Bank Holdings Limited, has completed its acquisition o...

The sale of managing general agency Velocity Risk Underwriters LLC by Bermudian-headquartered ILS fund manager Nephila Capital has closed. The catastrophe-focused property and specialty insurance risks MGA, which was founded by Nephila in 2015, has b...

Bermudian-based Athene Holding Ltd, the financial services company focused on retirement savings solutions, has completed its acquisition of Petros PACE Finance LLC. Petros is a provider of commercial property assessed clean energy financing to owner...

A legal battle arising from a merger of two gyms on the island is now in the hands of a Supreme Court judge. Assistant Justice Jeffrey Elkinson reserved judgment Tuesday in the matter of Scott Stallard’s claim against defendants The Athletic Club Lim...

Fortitude Re has formed a Bermudian-based multi-line reinsurer and has acquired a US life insurer. In addition, Fortitude Re’s subsidiary Fortitude Reinsurance Company Ltd — Bermuda’s largest multi-line reinsurer — has obtained approval to operate as...

Velocity Risk Underwriters LLC, the catastrophe-focused property and specialty insurance risks managing general agent founded by Bermudian-headquartered Nephila Capital, has been acquired by funds managed by Oaktree Capital Management LP. Oaktree is ...