AM Best Places ITB Ratings Under Review

AM Best has placed under review with developing implications the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Rating of “a-” [Excellent] of Through Transport Mutual Insurance Association Limited [TTB] [Bermuda] and its subsidiaries, TT Club Mutual Insurance Limited [TTI] [United Kingdom] and TT Club Mutual Insurance N.V. [TTNV] [Netherlands]. TTB, TTI …
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Haywood & Williams Attend Toyota Training

Bermuda Motors representatives Damon Haywood and Sharee Williams attended a Toyota Warranty Training Seminar in Miami, Florida. A spokesperson said, “Damon Haywood, Operations Manager, and Sharee Williams, Warranty Administrator, recently represented Bermuda Motors at an intensive Toyota Warranty Training Seminar held in Miami, Florida. Damon Haywood – Operations Manager and Sharee Williams – Warranty Administrator …
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ABIR Welcomes Mereo Insurance As Member

The Association of Bermuda Insurers and Reinsurers [ABIR] has welcomed Mereo Insurance Limited as its newest full member. A spokesperson said, “The Association of Bermuda Insurers and Reinsurers [ABIR] is pleased to welcome Mereo Insurance Limited as its newest full member, further strengthening Bermuda’s position as the world’s leading risk transfer and reinsurance marketplace. “Launched …
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Appleby Advises On $425M Catastrophe Bond

Appleby acted as Bermuda counsel on the California Earthquake Authority’s $425 million Sutter Re catastrophe bond issuance. A spokesperson said, “The California Earthquake Authority [CEA] has secured USD425 million of fully collateralized earthquake reinsurance protection from the capital markets through its Sutter Re Ltd. [Series 2026-1] catastrophe bond issuance. “The Sutter Re Series 2026-1 issuance …
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Minister Joins BEDC Chat And Chew Session

Minister Jason Hayward joined BEDC’s latest Chat and Chew session, where entrepreneurs shared feedback to help shape the implementation of Bermuda’s National Entrepreneurship Blueprint. A Government spokesperson said, “The Minister of Economy and Labour, Jason Hayward, continued the Government’s engagement with Bermuda’s entrepreneurial community by participating in the Bermuda Economic Development Corporation’s latest Chat and …
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Lumina Festival Honours Playbook Graduates

The Lumina Festival recognized 30 graduates of its 10-week Playbook financial education programme with CPA Bermuda-accredited certificates. A spokesperson said, “The Lumina Festival was pleased to honor the graduates of its 10-week financial education programme The Playbook with an award ceremony and a certificate of completion accredited by CPA Bermuda for Continuing Professional Development [CPD]. …
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AM Best Affirms BNY Trade Insurance Ratings

AM Best affirmed the ratings of BNY Trade Insurance and The Hamilton Insurance Corp., citing their strong balance sheets, favorable operating performance and stable outlooks. The ratings agency said, “AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Ratings of “a+” [Excellent] of BNY Trade Insurance, Ltd. [BNY Trade] …
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Fortitude Re Signs $3.8 Billion Unum Agreement

Fortitude Re announced the signing of a $3.8 billion reinsurance transaction between its subsidiary, Fortitude Reinsurance Company Ltd. [FRL] and Unum Life Insurance Company of America [Unum], a subsidiary of Unum Group. A spokesperson said, “Upon receipt of regulatory approvals and subject to satisfaction or waiver of certain other customary closing conditions, Unum will recapture …
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PwC Promotes Cartmill, Pittendrigh And Sealy

PwC Bermuda has announced the appointment of three new partners, with David Cartmill, Crystal Pittendrigh and Damian Sealy promoted effective July 1. A spokesperson said, “PwC Bermuda today announced the appointment of three new partners. These promotions mark significant milestones for our colleagues, reflecting the firm’s continued investment in the growth of our practice, the …
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Taylor Joins Compre As Managing Director

Compre Group Holdings Limited has appointed Graham Taylor as managing director of underwriting, effective immediately. A spokesperson said, “Compre Group Holdings Limited [Compre], the Bermuda-domiciled international specialty reinsurance group, today announces the appointment of Graham Taylor as managing director of underwriting, effective immediately. “Reporting to Chief Underwriting Officer Rachel Bardon, Taylor will play a key …
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Fidelis Launches Adroit Reinsurance MGA

Pine Walk, the specialist MGA platform of The Fidelis Partnership [TFP], announced the launch of Adroit Underwriting Limited, a new Bermuda-based MGA focused on US small and medium enterprise [SME] casualty reinsurance. A spokesperson said, “Adroit will provide disciplined, data-driven reinsurance solutions across a broad suite of US casualty lines, including Medical Malpractice, Cyber Liability, …
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Mosaic Launches Political Risk Talent Program

Mosaic Insurance has launched an innovative program connecting senior political risk leaders with a pipeline of emerging talent to strengthen the fast-growing market. A spokesperson said, “The initiative kicked off with a recent day-long forum sponsored by Mosaic at Lloyd’s, where political risk executives from both the broking and underwriting sectors met top-achieving geopolitical students …
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PwC’s Report Highlights AI’s Impact On Jobs

PwC’s 2026 AI Jobs Barometer found that artificial intelligence is reshaping hiring, increasing demand for human skills and driving productivity growth. A spokesperson said, “According to PwC’s 2026 AI Jobs Barometer, AI is rapidly reshaping the skills employers want most from workers – increasing the emphasis on human skills such as judgement, creativity and leadership …
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Gates Shareholders Approve Bermuda Plan

Gates Industrial Corporation announced that shareholders overwhelmingly approved proposals to redomicile the company’s parent from England and Wales to Bermuda. A spokesperson said, “Gates Industrial Corporation plc today announced that its shareholders have overwhelmingly voted in favor of the Company’s proposals in connection with the Company’s intention to change its place of incorporation from England …
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Sixth Street To Acquire Stake In Monument Re

Sixth Street announced that investment vehicles managed or advised by Sixth Street have entered into a definitive agreement to acquire a majority stake in Monument Re. A spokesperson said, “Sixth Street, a leading global investment firm, today announced that investment vehicles managed or advised by Sixth Street have entered into a definitive agreement to acquire …
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Carnival Reports 2026 Second Quarter Results

Carnival Corporation –  which recently completed the unification of the company’s dual-listed structure under a single corporate entity and shifted its legal incorporation to Bermuda –  announced financial results for the second quarter 2026 and provided an updated outlook. The company said they recorded net income of $537 million with record adjusted net income of …
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Aon Donates $8,000 To SkillCraft Bermuda

Aon has donated $8,000 to SkillCraft Bermuda to support its programme helping teenagers develop workplace and educational skills. A spokesperson said, “Aon has proudly partnered with SkillCraft Bermuda, contributing $8,000 to support its mission of helping teens ages 16–18 develop the skills and confidence they need to succeed in work and further education. SkillCraft Bermuda …
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Vantara Relocation Launches In Bermuda

Vantara Relocation has launched in Bermuda, offering fixed-price relocation services and seven-day support for executives, professionals and international families moving to the island. A spokesperson said, “Vantara Relocation today announced its official debut as a bespoke relocation consultancy serving executives, professionals and international families moving to Bermuda. The firm will offer a fixed-price corporate model, which …
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AM Best Assigns PCA To Fortium Insurance

AM Best has assigned a Preliminary Credit Assessment [PCA] to Fortium Insurance Company Ltd. [Fortium] [Bermuda] with a Financial Strength Assessment of A- pca [Excellent] and a Long-Term Issuer Credit Assessment of “a-” pca [Excellent]. The outlook assigned to the PCA is stable. The ratings agency said, “The PCA reflects Fortium’s balance sheet strength, which …
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Gas-O-Rama Raises $20,500 For Charity

The 57th Annual Gas-o-Rama raised $20,500 for Compassionate Care Partners’ Help Us Grow campaign. A spokesperson said, “The 57th Annual Gas-o-Rama, a collaboration between the Hamilton Lions Club and Terceira’s Service Stations, held on Saturday, February 28, raised $20,500 for Compassionate Care Partners [formerly known as Friends of Hospice] and its Help Us Grow capital …
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AM Best Affirms Allshores Ratings

AM Best affirmed the ratings of Allshores Limited’s insurance and reinsurance subsidiaries, citing the outlook for all ratings is Stable. The ratings agency said, “Allshores Limited [“Allshores”] [BSX: ALSH] today announced that AM Best has affirmed the Financial Strength Rating [FSR] of A [Excellent] and the Long-Term Issuer Credit Ratings [Long-Term ICR] of “a” [Excellent] …
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Bermuda Motors Reps Attend MINI Conference

Bermuda Motors representatives Joy Burgess and Sebastien Cornet attended the MINI Product & Marketing Conference in Budapest, Hungary. A spokesperson said, “Bermuda Motors was proudly represented at the MINI Product & Marketing Conference held in Budapest, Hungary, in June 2026 by Joy Burgess, Senior Sales Representative, and Sebastien Cornet, General Sales Manager. “The conference brought …
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