05/22/2023
Five new insurers registered on Bermuda
Seven30 Insurance (Bermuda) was registered as a Class 2 insurer
AIM and Hedge Funds
05/22/2023
Jersey publishes house report for Q1 2023
On a rolling four-quarter basis, advertised private sector rental prices were 1% higher during the year ending Q1 2023 compared with the year ending Q4 2022.
05/22/2023
Monument Re acquires closed book via Luxembourg unit
Monument Re is a reinsurer and asset consolidator with a track record in the acquisition and operation of portfolios or direct insurers in Europe.
05/19/2023
Monument Re acquires life portfolio
The portfolio serves mainly the Luxembourg, Dutch and French markets, and is strategically aligned to MAL’s existing business model.
05/19/2023
Conduit continues with strong annual growth
Gross premiums written were $278 million, a 59.1 per cent increase over the prior-year quarter.
05/19/2023
Artex Risk acquires Irish unit
Allied Risk provides insurance and reinsurance management services as well as actuarial services to clients globally.
05/18/2023
Everest Re seeks $1.5bn of new capital
This would equate to a total capital raise of some $1.5 billion.
05/18/2023
LOM declares nearly $1.9m profit for 2022
In a filing with the Bermuda Stock Exchange, a company statement from chairman and chief executive Scott Lines also noted a significant drop in total revenues and assets under administration.
05/18/2023
Convex flags positives despite 2022 loss
Convex continued to grow and evolve in 2022.
05/17/2023
Sionic ‘Consumer Duty Market Insights’ Survey 2023
The survey includes expert insight on achieving a more outcome-focused approach in supporting consumers.
05/17/2023
Insurers poorly prepared for hurricane season
The 2021 season ranked third in named storms since records began.
05/17/2023
Paysafe loses on Q1 earnings
Revenue from the merchant solutions segment increased 8 per cent.
05/17/2023
Monument Re Acquires Portfolio From Integrale
“The portfolio and its employees will transfer into Monument’s Luxembourg operations upon receipt of all necessary regulatory approvals from the Bermuda Monetary Authority [BMA] and the Commissariat aux Assurances [CAA].”
05/17/2023
Markel unveils rebrand at group level
The company will continue to trade on the New York Stock Exchange under the stock ticker symbol MKL, and there will be no significant structural or organizational impacts.
05/16/2023
The Future of Funds is Bright – Guernsey Funds Forum 2023
The fund invests in 3-D printing that creates ‘whole cut’ structured meat products, cow-free diary produce and non-GMO plant protein ingredients.
05/16/2023
AXA XL shrinks property-cat book in Q1
P&C commercial lines enjoyed premium growth of 7% to reach €11.5 billion and P&C personal lines enjoyed premium growth of 4% to reach €5.9 billion.
05/15/2023
$1.6bn SiriusPoint takeover dies
The stock price of SiriusPoint fell by more than nine per cent on Friday in trading on the New York Stock Exchange.
05/15/2023
Isle of Man to grow cannabis business to diversify economy
British crown dependency hopes to license as many as 10 medicinal cannabis firms by end of 2025
05/12/2023
Fortitude Re expands office space to prepare for growth
The Government’s aim is to create business ecosystem that allows companies to thrive.
05/12/2023
Maiden Holdings announce net loss, change in leadership
Mr Haveron said: “First quarter results were impacted by an underwriting loss in both our AmTrust Reinsurance and Diversified segments.