Hashtag: #BermudaInsurance
ABIR Members Host More Than 100 Paid Interns
The Association of Bermuda Insurers and Reinsurers [ABIR] member companies are hosting 103 paid interns this summer, creating a record number of work experience opportunities for Bermudian students. A spokesperson said, “ABIR is also providing the interns with a series of networking, professional development and industry learning opportunities... Read more of this article
DARAG Group Completes Two Transactions
DARAG Group announced the “conclusion of two transactions with undisclosed North American captive insurance companies.” A spokesperson said, “The first transaction was completed in May, with the second concluded in June 2023. The transactions have been written into DARAG Bermuda and offer full legal finality for the US worker’s compensation... Read more of this article
AM Best Affirms Credit Ratings Of Sura Re
AM Best has affirmed the Financial Strength Rating of B++ [Good] and the Long-Term Issuer Credit Rating [Long-Term ICR] of “bbb” [Good] of Sura Re Ltd. [Sura Re] [Bermuda]. The outlook of these Credit Ratings is stable. A statement from the ratings agency said, “The ratings reflect Sura Re’s balance sheet strength, which AM Best assesses as... Read more of this article
Premier: Proposed 4.1% Increase To Pensions
The proposed increase will be 4.1%, which “will raise the basic contributory pension from $1,107 to $1,152 per month and increase the maximum pension from $1,607 to $1,673 per month,” Premier and Minister of Finance David Burt said in the House of Assembly today [July 14]. The Premier’s full statement follows below: Mr Speaker, in this... Read more of this article
Helix Enters Into Agreement With Arch Capital
Helix Underwriting Partners, announces they have “entered into an equity investment agreement under which Arch Capital Holdings has become a minority shareholder in the Bermuda-based agency.” A spokesperson said, “The transaction further solidifies the strong trading relationship between Helix and Somers Re Ltd. [Somers], which began in... Read more of this article
BILTIR Welcomes 29 Student Interns
Bermuda International Long Term Insurers and Reinsurers [BILTIR] have a record number of Bermudian students for the annual BILTIR Intern Programme. A spokesperson said, “This year, BILTIR member companies are welcoming twenty-nine students from across the island, beating last year’s record of twenty-six. The students will join BILTIR companies... Read more of this article
Essent Acquires Title Insurance Operations
Essent Group Ltd. has completed its acquisition of Agents National Title Holding Company and Boston National Holdings from Incenter LLC. A spokesperson said “Essent Group Ltd. announced today that it has completed its previously announced acquisition of Agents National Title Holding Company [Agents National Title] and Boston National Holdings... Read more of this article
Smith & McConnie Win Motorfest CG Slow Race
Micah E. Smith and Jordan McConnie won the CG Slow Race at the Motor Fest 441 event, with the race serving to test riders’ control, precision skill and balance. A spokesperson said, “CG Insurance proudly sponsored the CG Slow Race at the highly anticipated Bermuda Motor Fest 441 held on Sunday, July 2nd. This unique race, focused on control... Read more of this article
Fidelis: Closing Of Initial Public Offering
Fidelis Insurance Holdings announced the closing of its initial public offering. A spokesperson said, “Fidelis Insurance Holdings Limited, a global [re]insurance company, headquartered in Bermuda with offices in Ireland and the United Kingdom [Company], announced the closing of its initial public offering of an aggregate of 15,000,000 common shares,... Read more of this article
Argus Insurance Supports Woman’s Dental Work
One woman’s journey “from hardship to hope” has been transformed with the support of Argus Insurance. A spokesperson said, “In a heartwarming tale of resilience and gratitude, one woman’s journey from hardship to hope has been transformed with the generous support of Argus Insurance. Having faced numerous challenges, including... Read more of this article
White Mountains Final Results Of Tender Offer
White Mountains Insurance Group, Ltd. today announced the final results of its cash tender offer. A spokesperson said, “White Mountains Insurance Group, Ltd. [WTM] today announced the final results of the cash tender offer by White Mountains and its wholly owned subsidiary, WM Hinson [Bermuda] Ltd. to purchase shares of Class A Common Stock, $0.01... Read more of this article
Fidelis MGU Congratulates Fidelis Insurance
Fidelis MGU said they are “delighted to be able to congratulate Fidelis Insurance Group on its initial public offering [IPO] with the New York Stock Exchange under the ticker FIHL.” Richard Brindle, Chairman and CEO of Fidelis MGU, said: “It has been an incredible year for the Fidelis brand culminating now with the listing of Fidelis Insurance... Read more of this article
