09/11/2023
Strong pace of captive formations
Another topic looming large for Bermuda’s broader (re)insurance industry is the global minimum tax rate of 15 per cent on multinational companies.
AIM and Hedge Funds
09/11/2023
IDB launches new initiative to boost business opportunities in region
The IDB’s experience, networks, and commitment to transparency, equality, governance, and sustainability make it the preeminent partner of choice for international business engagement with the region.
09/11/2023
Apex Group continues global expansion with Korea launch
This announcement follows the continued growth of Apex Group in the APAC region
09/11/2023
RenaissanceRe’s rating is affirmed by AM Best
The ratings agency said the Bermuda-based reinsurer’s financial strength rating of A+ remained in place and it assigned a stable outlook.
09/08/2023
Prudential Financial, Inc. and Warburg Pincus announce launch of Prismic Life Re
$10 billion initial reinsurance transaction and $1 billion equity capital investment establishes new reinsurance platform positioned for scale and long-term growth on behalf of customers
09/08/2023
Why life insurance matters in Bermuda
A common goal among working adults is to own their home.
09/08/2023
Hamilton Insurance Group, Ltd. Announces Confidential Submission of Draft Registration Statement for Proposed Initial Public Offering
The number of common shares to be offered and the price range for the proposed offering have not yet been determined.
09/08/2023
Apex Group expands ManCo capabilities with Guernsey acquisition
The acquisition of IPFMG further strengthens Apex Group’s ManCo offering in the Guernsey market, adding assets under administration of $200m, across eight funds and six fund managers.
09/08/2023
Axis Capital rating affirmed after property catastrophe exit
AM Best said the outlook for the Bermuda-based re/insurer is stable.
09/08/2023
IoD launch next gen mentor scheme
The scheme will offer mentees the opportunity to learn directly from experienced directors
09/08/2023
Financial analysis: Interim reporting season is over
Main focus was on the results of two main banks and MIA
09/08/2023
New $1 billion long term re/insurer formed in Bermuda
Prismic will be led by Amy Kessler, a 30-year financial services industry veteran
09/07/2023
Apex Group expands US presence with Denver office
Apex Group currently has multiple client service delivery teams located in Denver, with plans to double headcount through the creation of new job opportunities in the coming year.
09/06/2023
Apex Group & EDB support econnext financing
EDB provided financing for a revolving credit facility.
09/06/2023
Mosaic syndicated capital programme closes in on $250m GWP target
Syndication brings a single solution to clients
09/06/2023
Guaranteed Capital and Income Plan 2026 II launched
Available from all BOV branches, investment centres and private banking
09/05/2023
EC gives go-ahead to RenRe purchase of Validus
The transaction was examined under the simplified merger review procedure.
09/05/2023
Ratings agency is more optimistic about the reinsurance sector
The outlook is based on an analysis of the top 20 global reinsurers, 14 of which are either based in Bermuda or have substantial Bermuda operations.
09/05/2023
AIG secures adverse development cover for Validus sale
The adverse development cover is expected to become effective at the time of closing of AIG’s sale of Validus Re to RenaissanceRe.
09/04/2023
FIMBank announces half-yearly pre-tax profit of USD 6 million
All subsidiaries surpassed the performance from the first half of the previous year