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Bermuda analysis
Conyers Dill & Pearman has appointed a new head of its British Virgin Islands (BVI) office. Partner Mark Forte succeeds Robert Briant, who has led the BVI office since April 1999. 21 December 2017
Bermuda analysis
The Bermuda Business Development Agency (BDA), which takes a lead role on Bermuda in the promotion of captives, has made some high profile changes to its board including the appointment of a well-known figure in the island’s captives community. 14 December 2017
Bermuda analysis
Brit Re, the newly established captive reinsurer formed when Brit relocated a Gibraltar based entity to Bermuda earlier in December, has appointed the former CEO of the reinsurance operations of Axis Capital as a non-executive director. 13 December 2017
Bermuda analysis
One of Bermuda’s biggest captive managers has partnered with a new venture targeting marine, energy and aerospace business to provide A-rated capacity via a structured facility for proportional and non-proportional reinsurance and retrocessional products. 12 December 2017
Bermuda analysis
The growth of captives business from Latin America was one of the targets of a delegation from Bermuda, which has just completed a business development trip to Miami, regarded as a growing hub for business stemming from conduit for Latin and South America. 12 December 2017
Analysis
Brit has revealed that it is relocating its Gibraltar-based protected cell company, Brit Insurance (Gibraltar) PCC, to Bermuda. 8 December 2017
Analysis
The European Union has excluded Bermuda from a 'blacklist' of countries that it claims are not doing enough to crack down on offshore avoidance schemes. 7 December 2017
Analysis
The Bermuda captive market was profitable for the 2016 financial year-end, with a median loss ratio of 49 percent and combined ratio of 75 percent for Bermuda general business captives. 6 December 2017
Analysis
AM Best has affirmed the financial strength rating of A (Excellent) of Castle Harbour Insurance, Harrington Sound Insurance and Colliers Bay Insurance. 2 October 2017
Analysis
Ratings agency AM Best has assigned a financial strength rating of A (Excellent) to Stellar Insurance, the Bermuda-based captive of Saudi Arabian Oil Company (Saudi Aramco), the state-owned oil company of Saudi Arabia. 2 October 2017
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