09/13/2023
Top Layer Re’s financial strength rating affirmed
The ratings also reflect the significant parental support from State Farm, which provides Top Layer with explicit support as required by contract.
AIM and Hedge Funds
09/13/2023
Nomura a major investor in $1 billion Bermuda life reinsurer
Insurance is a growing client segment for Nomura globally and part of our ambitions to expand our platform more broadly”, said Chris Willcox, executive officer and head of wholesale division.
09/13/2023
Artex buys business services firm Frontier
Frontier’s clients and employees will now have access to Artex's broader market-leading resources
09/13/2023
Barclays opens new branch as it marks a century of banking in Guernsey
The new banking hall boasts a larger footprint with an improved layout, allowing for clients to sit and discuss their needs with staff in a spacious and well-equipped environment.
09/12/2023
NCB Financial to raise billions from stock market investors
NCB Financial is Jamaica’s top banking group with assets of more than $2 trillion.
09/12/2023
Apex Group celebrates GIFT City success with new client win
With an already successful long/short strategy, ITI is ready to expand its footprint in the offshore market with launch of this new fund.
09/11/2023
Cash and relationships: the loss of tangibility
There was that personal pride, the satisfaction in not owing anyone for another month.
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.
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.