Bermuda News
15% Global Minimum Tax Will Diminish Bermuda’s Advantage for Insurers, Reinsurers: Fitch
Bermuda's advantageous tax status for the insurers and reinsurers will be reduced at the margin with the expected passage of the recent multilateral agreement to establish a 15% global minimum tax ...
Bermuda-Based Specialty Insurer Mosaic Debuts; Company Includes Lloyd’s Syndicate
Mosaic, a Bermuda-based global specialty insurer, has launched operations in Bermuda, London, the United States and Asia, along with a newly formed Lloyd's syndicate. Operating with initial ...
2021 InsurTech NY Early-Stage Competition Looks to Bermuda
InsurTech NY and the Bermuda Business Development Agency are teaming up for the 2021 InsurTech Early-Stage Competition. Bermuda's lucrative reinsurance market could benefit from the arrangement, ...
Arch Capital to Deepen Investment in Watford With $622M Acquisition
Arch Capital Group Ltd. said it would pay $622 million in cash for Watford Holdings, a Bermuda-based property/casualty insurer and reinsurer it already has a stake in and helped launch in 2014. ...
Arcadian Risk Capital Launches New Bermuda Underwriting Operation
Arcadian Risk Capital is launching as a new underwriting operation based in Bermuda that will initially underwrite excess casualty and professional lines insurance. John Boylan, a 30-year veteran of ...
Evertas, a Cryptoasset Insurer, Obtains Bermuda Operating License
Cryptoasset insurer Evertas secured a license from the Bermuda Monetary Authority to start operating from the jurisdiction. Evertas' operations in Bermuda will now aim to start issuing policies for ...
Bermuda Gains Reciprocal Status With U.S. Starting Jan. 1, 2020
Bermuda's insurance market gains reciprocal status with the U.S. as of Jan. 1, 2020, something that industry and business groups there are celebrating as they countdown to the new year. Reciprocal ...
PartnerRe Getting New CFO, First-Ever Chief Operations Officer
Some executive leadership changes are coming to global reinsurer PartnerRe. Executive Vice President and Chief Financial Officer Mario Bonaccorso plans to retire on March 31, 2020 to pursue a new ...