Tag: #BermudaInsurance

Appleby: Bermuda Leader In Q1 M&A Deals

Appleby: Bermuda Leader In Q1 M&A Deals

Bermuda recorded the highest cumulative value of M&A deals and IPOs in the first quarter of 2015 among offshore jurisdictions, according to a report released today [May 19] by Appleby. The latest edition of Offshore-i, an Appleby report that provides data and insight on corporate transaction activity in the major offshore financial centres, focuses... Read more of this article

Arch Completes Restructuring Of Gulf Re

Arch Completes Restructuring Of Gulf Re

Arch Reinsurance Ltd‘s acquisition of Gulf Reinsurance Ltd., a specialty reinsurer based in the Dubai International Financial Centre, has been completed. The company said, Gulf Re was founded jointly by Arch and the Gulf Investment Corporation [GIC] in 2008. In 2014, Arch and the GIC signed an agreement whereby Arch would acquire 100% ownership... Read more of this article

A.M. Best Revises Outlook To Stable For Torus

A.M. Best Revises Outlook To Stable For Torus

A.M. Best has revised the outlook to stable from negative and affirmed the financial strength rating [FSR] of A- [Excellent] and the issuer credit ratings [ICR] of “a-” of Torus Insurance [Bermuda] Limited [Torus Bermuda] [Bermuda], Torus Insurance [UK] Limited [Torus UK] [United Kingdom] and Torus Insurance [Europe] AG [Torus Europe] [Liechtenstein]. A... Read more of this article

Premier Dunkley Speaks At Trusts Conference

Premier Dunkley Speaks At Trusts Conference

Premier Michael Dunkley spoke at a recent Transcontinental Trusts Conference forum here on the island, the first time that the conference’s flagship event has been held outside of Europe in 30 years. In his remarks, Premier Dunkley said, “As this is the leading trust event for private client professionals, our beautiful island may be a mere... Read more of this article

Delegation To Promote Bermuda In Canada

Delegation To Promote Bermuda In Canada

A 15-strong delegation of Bermuda industry, government and regulator representatives will take part in a Canada roadshow next week, targeting top-level executives and touting the corporate benefits of setting up a captive insurance company in Bermuda. Led by Bermuda’s Economic Development Minister Dr. Grant Gibbons and organised by the BDA, the delegation... Read more of this article

BII Name Winners Of Insurance Industry Awards

BII Name Winners Of Insurance Industry Awards

The Bermuda Insurance Institute [BII] announced the recipients of the 2014 Insurance Industry Awards, which serve to recognize extraordinary companies and individuals whose contributions to the [re]insurance industry, and/or the local community is highly commendable. The winners will be honoured this year on May 14, 2015 at the annual awards ceremony... Read more of this article

Bufkin Receives Inclusion Champion Award

Bufkin Receives Inclusion Champion Award

Hamilton USA, the US-based insurance operations of Hamilton Insurance Group, today [Apr 27] announced that Barbara Bufkin, EVP Business Development, has been recognized for her impact on the advancement of women in the insurance industry. Ms. Bufkin has been awarded the prestigious Inclusion Champion Award by the Insurance Industry Charitable Foundation... Read more of this article

BFIS Holds Networking Event: Insurance Sector

BFIS Holds Networking Event: Insurance Sector

Last night [April 22] the BFIS Mentor Networking Committee held a networking event aimed at assisting last year’s graduates plus others who have registered with BFIS over recent months to find out more about careers in the insurance sector. “BFIS already runs networking events for high school seniors and for college students but this is... Read more of this article

BFIS Launches New Alumni Association

BFIS Launches New Alumni Association

The Bermuda Foundation for Insurance Studies [BFIS] has launched an Alumni Association that will work with one of its primary goals being to create a network of BFIS alumni who are working as professionals within the [re]insurance space. A spokesperson said, “BFIS has been on the local scene supporting insurance education since the mid‐90s.... Read more of this article

BF&M Limited: $21.8 Million Net Income In 2014

BF&M Limited: $21.8 Million Net Income In 2014

BF&M Limited today [Apr 20] reported shareholders’ net income for the year ended 31st December 2014 of $21.8 million, resulting in an annualized return on shareholders’ equity of 9.3%. Shareholders’ net income for 2013 was $25.1 million. President & CEO John Wight [pictured] said, “The financial effects of Hurricanes Fay and Gonzalo... Read more of this article

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