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Bermuda Insurance Industry Newswire

  • Published on Jul 22, 2025

    Gates again dominate Bermuda Run council discussions

    Published 10:32 am Tuesday, July 22, 2025 Deputy John Hobson is the new Bermuda Run community officer. By Jim Buice Enterprise Record BERMUDA RUN – Town Manager Andrew Meadwell told council members in July that he hoped a decision involving sa …

    Source: The Davie County Enterprise-Record - North Carolina - Pending
  • Published on Jul 22, 2025

    AM Best downgrades Bermuda-based Berking Re credit ratings

    AM Best has downgraded the credit ratings of Berking Re Limited, a Bermuda-based reinsurance company, citing concerns over the weakened credit fundamentals and the heightened contagion risk from its parent company, PFY Cayman. Berking Re’s Financial …

    Source: Reinsurance News - Neutral
  • Published on Jul 21, 2025

    Licence surge positions Cayman for record insurance year

    Created: Jul 21, 2025 07:58 AM The Cayman Islands insurance sector is booming (File photograph) The Cayman Islands insurance sector is booming, with 16 new international licences issued in the second quarter alone, on pace to surpass last year’s ten-year …

    Source: The Royal Gazette - Neutral
  • Published on Jul 19, 2025

    Moody’s Affirms Bermuda’s A2 Ratings and Stable Outlook

    “Bermuda’s economy is strengthening, and the results of our economic strategy are clear,” said Premier and Minister of Finance, the Hon. E. David Burt, JP, MP. “Moody’s affirmation of Bermuda’s A2 credit rating with a stable outlook reflects the progress …

    Source: TNN Bermuda - Indeterminate
  • Published on Jul 18, 2025

    Cybersecurity Insurance Market worth $32.19 billion by 2030

    DELRAY BEACH, Fla., July 18, 2025 /PRNewswire/ — According to MarketsandMarkets™, the global Cybersecurity Insurance Market will grow from USD 16.54 billion in 2025 to USD 32.19 billion by 2030 at a compounded annual growth rate (CAGR) of 14.2% …

    Source: The AI Journal - Pending
  • Published on Jul 20, 2025

    July 21: Howzat Summer Camp Cricket Festival

    The Bermuda Cricket Board [BCB], with sponsorship from CG Insurance, is launching its first-ever Howzat Summer Camp Cricket Festival [HSCCF], set for Monday, July 21, from 10.00am to 2.00pm at Warwick Academy Field. A spokesperson said, “The Bermuda …

    Source: Bernews - Neutral
  • Published on 12:21 GMT

    Aspida Re Completes Reinsurance Deal In Japan

    Aspida Life Re Ltd, a Bermuda-based life and annuity reinsurance company, announced the execution of its second reinsurance transaction in Japan, effective June 1, 2025. A spokesperson said, “This milestone marks a significant step in Aspida Re’s ongoing …

    Source: Bernews - Neutral
  • Published on 14:01 GMT

    KPMG Announces 2025 Scholarship Recipients

    KPMG in Bermuda has awarded scholarships to Deidre Smith, Kiara Burcher, and Taj Lowery to support their studies in accounting and insurance. A spokesperson said, “KPMG in Bermuda is pleased to announce the recipients of their 2025 scholarship awards. …

    Source: Bernews - Neutral
  • Published on 12:56 GMT

    Fleming launches REvolve platform to modernise retrospective reinsurance

    Fleming Insurance Holdings has launched REvolve, a new platform designed to streamline and enhance retrospective reinsurance transactions through a combination of proprietary technology, data analytics and artificial intelligence. Announced on 22 July, …

    Source: Captive Insurance News - Neutral
  • Published on 15:51 GMT

    Ministry Seeks Asthma & COPD Care Public Input

    The Ministry of Health is inviting residents affected by asthma or COPD to complete patient care surveys to help improve respiratory care and support Bermuda’s integrated health strategy. A Government spokesperson said, “The Ministry of Health invites the …

    Source: Bernews - Neutral
  • Published on 17:57 GMT

    Hurricane trackers warn 12m of new storm threat as experts fear 'worst flash flood year ever'

    Hurricane trackers have gone on high alert, warning that a new Gulf Coast storm threatens nearly 12 million Americans in the storm's potential path this week. The National Hurricane Center (NHC) issued an urgent warning Wednesday morning, saying there …

    Source: Daily Mail - Right-wing
  • Published on Jul 22, 2025

    MAC Copper Limited Provides Update on Recommended Transaction with Harmony

      MAC Copper Limited ARBN 671 963 198 (NYSE:MTAL; ASX:MAC)   MAC Copper Limited (NYSE:MTAL, ASX:MAC) (" MAC " or the " Company ") is pleased to provide the following update on the proposed acquisition of 100% of the issued share capital …

    Source: Investing News Network - Neutral
  • Published on Jul 22, 2025

    Aspida Re Expands Global Footprint With Strategic Reinsurance Transaction in Japan

    News Americas, DURHAM, N.C., July 22, 2025: Aspida Life Re Ltd (“Aspida Re”), a Bermuda-based life and annuity reinsurance company, announced the execution of its second reinsurance transaction in Japan, effective June 1, 2025. This milestone marks a …

    Source: News Americas Now - Indeterminate
  • Published on Jul 22, 2025

    People Moves: Willis Launches Dedicated Residential Real Estate Team, Led by Palmer and Grainger; Aspen Promotes Welch ...

    This edition of International People Moves details appointments at Willis and Aspen Insurance Holdings. A summary of these new hires follows here. Willis Launches Dedicated Residential Real Estate Team, Led by Palmer, Grainger Willis, a WTW business, …

    Source: Insurance Journal - Neutral
  • Published on Jul 22, 2025

    ACORD Solutions Group launches ADEPT Dubai Regional Hub

    ACORD Solutions Group (ASG), a provider of digital solutions for the global insurance industry, has launched the ADEPT Dubai Regional Hub. The new hub was announced at the event “Discover the Future of (Re)Insurance in the UAE,” hosted by ASG and the Dubai …

    Source: Reinsurance News - Neutral
  • Published on Jul 22, 2025

    The worst months to cruise the Caribbean

    The Caribbean is one of the most popular year-round cruising destinations, but that doesn't mean the weather is consistent. Additionally, certain months are more expensive than others.  Whether you're looking to avoid the risky hurricane season or …

    Source: Cruise - Neutral
  • Published on Jul 22, 2025

    AM Best Affirms AVLA Re’s Ratings

    AM Best has affirmed Bermuda-based AVLA Re Ltd.’s B++ financial strength rating and “bbb+” credit rating, with a stable outlook. The ratings agency said, “AM Best has affirmed the Financial Strength Rating of B++ [Good] and the Long-Term Issuer Credit …

    Source: Bernews - Neutral
  • Published on Jul 21, 2025

    Sophie DeCouto to lead Alcor’s new American office

    Created: Jul 21, 2025 06:53 PM (Updated: Jul 21, 2025 07:28 PM) Sophie DeCouto, chief executive officer of Alcor USA, is an excess and surplus professional (Photograph supplied) Alcor Group, the property insurance underwriter, has opened an Atlanta office …

    Source: The Royal Gazette - Neutral
  • Published on Jul 21, 2025

    Fitch highlights strong growth in North American life reinsurance in 2024

    According to Fitch Ratings, a credit rating agency, North American life reinsurance experienced significant growth in 2024, driven by expanding partnerships between insurers and alternative investment managers, increased reliance on offshore reinsurance …

    Source: Reinsurance News - Neutral

05 days 09:15:01

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