Business

Convex Group has secured USD175 million of retrocessional reinsurance protection from the capital markets through its Hypatia Ltd. [Series 2026‑1] catastrophe bond issuance. An Appleby spokesperson said, “This is the fourth catastrophe bond sponsored by Convex through Hypatia Ltd., with the Series 2026‑1 issuance providing coverage for its reinsurer underwriting entity, Convex Re, and its subsidiaries …

The Fidelis Partnership has announced that Alex Rossiter has been appointed Head of Portfolio Analytics & Risk Allocation, while Greg Bowman has been appointed as Group Head of Ceded Reinsurance Analytics. A spokesperson said, “The Fidelis Partnership [“TFP”] today announces two senior appointments that strengthen its technical underwriting, portfolio analytics and group‑level ceded reinsurance capabilities. Alex …

Distinguished Programs has expanded into the reinsurance market with the launch of DistinguishedRe Property, a new property reinsurance platform led by industry veteran Frank DiPaola and backed by Bermuda-based Antares Reinsurance Company Limited. A spokesperson said, “Distinguished Programs [“Distinguished”], a leading national MGA and insurance program manager, today announced its expansion into the reinsurance market with …

“Our proposed Bermuda domicile enabled us to structure the security in a way that is attractive to investors,” the CEO of Marex Group said. A statement from the company said, “Marex Group plc a diversified global financial services platform, on Tuesday announced that it has completed its offering of US$500 million perpetual subordinated resettable fixed …

June 9 saw 9,000 shares trade on the Bermuda Stock Exchange, valued at $513,000.00 BD. 9,000 shares were traded by Bank of N.T. Butterfield Ltd, closing up 2.7% at $57.00 per share. The BSX finished at 3,660.01, up 2.42% on the day. There was 1 advance, 0 declines, and 46 remained unchanged. The full report …

International General Insurance Holdings Ltd. [IGI] has secured registration approval to operate an IFSCA Insurance Office in India’s Gujarat International Finance Tec-City [GIFT City]. A spokesperson said, “International General Insurance Holdings Ltd. [IGI or the Company] today announced that it has secured registration approval from the International Financial Services Centres Authority [IFSCA] to operate an …

Miller, the leading independent specialist [re]insurance broker, announced the appointment of Peter Stubbings as Chairman of Miller Bermuda. A spokesperson said, “With over four decades of reinsurance industry experience, Peter brings deep expertise across multiple lines of business and a wealth of client relationships across London, Bermuda, the Caribbean and the Nordics. He joins Miller …

June 8 saw 1,000 shares trade on the Bermuda Stock Exchange, valued at $33,500.00 BD. 1,000 shares were traded by Watlington Waterworks Ltd, closing up 4.7% at $33.50 per share. The BSX finished at 3,573.65, up 0.05% on the day. There was 1 advance, 0 declines, and 46 remained unchanged. The full report for the …

26North Reinsurance Holding Company announced an agreement to acquire Independent Insurance Group, parent company of Independent Life Insurance Company, a specialist provider of structured settlement annuities. A spokesperson said, “26North Reinsurance Holding Company [26North Re] announced that it has entered into a definitive agreement to acquire 100% of Independent Insurance Group, LLC [Independent Group], which …

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, June 6th. On Saturday the Independence of the Seas and the Norwegian Jewel cruise ships and the Belle-Poule ship are expected, on Sunday the Oleander container ship will arrive, and on Monday the Norwegian Aqua and …

Resolution Life, a global life insurance group focusing on reinsurance and the acquisition and management of portfolios of life insurance policies, today announced the closing of three separate transactions in Asia. A spokesperson said, “Covering policies in Hong Kong and Japan, these transactions reinforce Resolution Life’s commitment to the growth of the primary life insurance …

Walkers is marking 10 years in Bermuda, celebrating a decade of growth, legal excellence, and investment in developing local talent since opening its office in 2016. A spokesperson said, “Walkers, the international legal and professional services firm, celebrates 10 years of delivering exceptional legal services in Bermuda. Since opening the firm’s doors in 2016, Walkers’ …

“Vantage Group Holdings Ltd. announced that it has been “successfully acquired” by Howard Hughes Holdings Inc. [HHH]. A spokesperson said, “The all-cash transaction, valued at approximately $2.1 billion, closed following receipt of all required regulatory approvals. With the closing complete, Vantage anchors Howard Hughes’ transformation into a diversified holding company. “Founded in 2020, Vantage has …

Cedar Trace announced the appointment of Chris Wilson as Managing Director of Cedar Trace Capital Management, further strengthening the firm’s leadership team as it continues to expand its insurance-linked securities [ILS] and investment management platform. A spokesperson said, “Based in Bermuda, Wilson will support key ILS operational functions while supporting underwriting, investor relations, fund-raising, and …

The Fidelis Partnership [TFP] announced the launch of the TFP PVT Consortium, which “brings together leading Lloyd’s syndicates to deploy meaningful new capacity into the War, Terror and Political Violence [WTPV] market at a time of heightened global demand and significant market dislocation resulting from the Middle East conflict.” A spokesperson said, “The Consortium, placed …

AM Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Rating of “a-” [Excellent] of North End Re Ltd. [Bermuda]. The outlook of these Credit Ratings is stable. The ratings agency said, “The ratings reflect North End Re Ltd.’s balance sheet strength, which AM Best assesses as strong, as well …