Cedar Trace Announce $300M Lloyd’s Syndicate

Cedar Trace Underwriting announced its entry into the Lloyd’s market with a new $300m syndicate for the 2027 underwriting year, following in-principle approval from the Lloyd’s Council at its meeting on 2nd September. A spokesperson said, “Led by Richard Holden, CUO, Cedar Trace, the syndicate will write a diversified reinsurance portfolio alongside a delegated direct …
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Howden Re Launches Novark Insurance Platform

Howden Re, the global reinsurance, capital markets and strategic advisory arm of Howden, announced the launch of Novark, a new insurance management and securities administration platform designed to make insurance risk more accessible to capital. A spokesperson said, “Novark is the first platform to enable near real-time data updates on insurance investments, offering investors greater …
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Bermuda To Host Caribbean Leaders Caucus

Bermuda will be hosting Premiers of the Caribbean Overseas Territories for an Overseas Territories Caribbean Caucus, with Premier of Anguilla Cora Richardson-Hodge, Premier of the British Virgin Islands Dr. Natalio Wheatley, Cayman Islands Premier André Ebanks, Premier of Montserrat Reuben Meade, and Deputy Premier of the Turks & Caicos Islands Jamell Robinson to visit the island this …
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Bermuda Is Love Revives #NoNewClothes

Bermuda Is Love is bringing back its #NoNewClothes campaign this September, “challenging people across our island to rethink fast fashion, disposable clothing and the culture of constant consumption.” A spokesperson said, “”Originally launched in September 2022, the campaign challenged the public to go one month without purchasing new clothing. Four years later, #NoNewClothes Part Two …
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AM Best Affirms & Withdraws NEWGT Ratings

AM Best affirmed and withdrew NEWGT Reinsurance Company’s A- and “a-” ratings after the company requested to leave its rating process. The ratings agency said, “AM Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Rating of “a-” [Excellent] of NEWGT Reinsurance Company, Ltd. [NEWGT] [Bermuda]. The outlook of …
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Photos: Jab J’Ouvert Event At Southlands

The Jab J’Ouvert event was held at Southlands Park in Warwick this weekend, attracting partygoers for an early-morning celebration. The event started at 3.00am today, with attendees gathering to participate in the festivities. Related Stories Photos: Jab J’Ouvert Event At Southlands Photos: Classic Old School Soca Fete Photos & Videos: Warwick Community Fair Photos & …
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Labour Day Message From Premier David Burt

[Labour Day message from Premier David Burt] Labour Day is a time to honour the workers of Bermuda and the generations who helped shape our island through their determination, and sacrifice. This year’s theme, “Labour: Uniting Culture, Diversity, and Resilience,” recognizes that the achievements of Bermuda’s labour movement have never belonged to one individual or …
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