Bermuda News Updates

“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 …