Grainne Richmond has been elected to join Bermuda Business Development Agency’s (BDA) board of directors
AM Best has affirmed the financial strength rating of A (Excellent) and long-term issuer credit rating of “a” (Excellent) of Lion Reinsurance Company (Lion Re) (Bermuda)
The Bermuda Captive Conference is set to take place in-person from 12 to 13 September
Tawana Tannock has been appointed president of the board of directors at Hydra Insurance Company, the captive reinsurance company of the International Group of P&I Clubs
Approved by the Bermuda Monetary Authority, the transaction is structured as a loss portfolio transfer and has been underwritten by Compre’s class 3B Bermudian insurer, Pallas Reinsurance
Hiscox Re & ILS has appointed Minesh Shah as its new director of underwriting risk, effective 1 May
Financial solutions provider RISCfp has introduced managed treasury pool notes to enable insurers to diversify or reduce their short-term investment risk as they pledge collateral
The guidance note is targeted at ensuring and maintaining financial soundness, the ongoing viability of the insurance sector, and the contribution of commercial insurers to an orderly transition to a net-zero economy
