The Bermuda Pilot Gig Club’s fourth International Gig Regatta concluded, with approximately 70 visiting rowers taking part in the event alongside local rowers. A spokesperson said, “The Bermuda Pilot Gig Club [BPGC] proudly hosted its fourth Bermuda International Regatta, an event that brought together pilot gig rowing enthusiasts and supporters from both local and international communities for […]

AM Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Ratings of “a-” [Excellent] for Athora Life Re Ltd. and Athora Ireland plc. The ratings agency said, “AM Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Ratings of “a-” [Excellent] of Athora […]

AM Best has assigned a Financial Strength Rating of A- [Excellent] and a Long-Term Issuer Credit Rating of “a-” [Excellent] to Martello Re Limited. The outlook assigned to these Credit Ratings [ratings] is stable. A statement from the ratings agency said, “The ratings reflect Martello Re’s balance sheet strength, which AM Best assesses as very strong, as […]

Fidelis Insurance Group declared a dividend and announced a new share repurchase authorization. A spokesperson said, “Fidelis Insurance Holdings Limited, a global specialty insurer, announced today that its Board of Directors has approved and declared a dividend of $0.10 per share, payable on September 30, 2024, to common shareholders of record on September 16, 2024. “In addition, […]

Skyah Walker and Charlie Thorpe completed internships at Wilton Re Bermuda Limited, gaining practical experience in actuarial and accounting tasks through the BILTIR program. A spokesperson said, “Skyah Walker and Charlie Thorpe were selected from a field of nearly two dozen applicants as this year’s summer interns at Wilton Reinsurance Bermuda Limited. Wilton Re has […]

The 17th annual PwC insurance and reinsurance forum is set to convene more than 300 industry leaders and professionals to discuss the pivotal trends and strategies shaping the industry landscape. A spokesperson said, “The PwC Insurance Summit, presented with the Financial Times, known for its comprehensive insights and thought-provoking discussions, will take place on 12 […]

Compre Group completed a $150 million reinsurance deal with Accelerant, approved by the Bermuda Monetary Authority. A spokesperson said, “Compre Group Holdings Limited [Compre], the Bermuda-domiciled international legacy and reinsurance group, today announced it has completed a legacy reinsurance transaction with Accelerant, the data-driven risk exchange, following approval by the Bermuda Monetary Authority. The transaction, […]

Total dedicated reinsurance capital in 2023 jumped by 7% to USD 568 billion, with an even larger increase projected for 2024, according to a new AM Best report. A statement from the ratings agency said, “The Best’s Market Segment Report, “Dedicated Reinsurance Capital Thrives in Hard Market,” is part of AM Best’s look at the […]

AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Rating of “a” [Excellent] of Nissan Global Reinsurance, Ltd. [NGRe] [Hamilton, Bermuda]. A statement from the ratings agency said, “The outlook of these Credit Ratings [ratings] is stable. “The ratings reflect NGRe’s balance sheet strength, which AM Best assesses […]

AM Best affirmed Global Atlantic Group’s excellent ratings, noting its “strong operating performance, neutral business profile and appropriate enterprise risk management.” A statement from the ratings agency said, “AM Best has affirmed the Financial Strength Rating [FSR] of A [Excellent] and the Long-Term Issuer Credit Ratings [Long-Term ICR] of “a+” [Excellent] of Commonwealth Annuity and […]

Arch Capital Group announced that Daniel “Dan” J. Houston and Neal Triplett will join the Company’s Board of Directors, effective immediately. A spokesperson said, “Mr. Houston is a seasoned executive with a wealth of experience in the financial services sector. He is Chairman and CEO of Principal Financial Group, where he is responsible for overall […]

Enstar Group Limited  has completed the previously announced transaction between one of its wholly owned subsidiaries with Insurance Australia Limited, on behalf of Insurance Australia Group [IAG], following receipt of the relevant regulatory approvals and satisfaction of the final closing conditions. A spokesperson said, “Under the terms of the adverse development cover [ADC] agreement, Enstar will […]

Member companies of the Association of Bermuda Insurers and Reinsurers [ABIR] recorded a strong 18% year-over-year increase in premium written in 2023. A spokesperson said, “ABIR’s global underwriting report, released today, comprises data from 25 of 31 member re/insurers for the calendar year 2023. The Group generated gross written premium of over $171 billion, up […]

MultiStrat, the specialty reinsurance and capital advisory firm, has announced two senior promotions in its underwriting team as the company continues to build out its expertise, talent, capital, brokers, investors, and carrier partners in 2024 and 2025. A spokesperson said, “Kier James has stepped up from Vice President, Underwriting, to the role of Chief Underwriting […]

PwC hosted over 400 reinsurance executives across three events at the annual Rendez-Vous de Septembre [RVS] in Monte Carlo this week. A spokesperson said, “Key themes at this year’s RVS – the largest international gathering in the industry – were the ongoing hard market, improved resiliency of reinsurers, AI and concerns around increasing climate-related risks.” […]

Minister of Labour Jason Hayward gave a keynote address to help open the Bermuda Captive Conference yesterday [Sept 9], wishing attendees “a successful and productive conference.” Minister Jason Hayward said, “Good morning, everyone. I want to extend a warm welcome to all of you, especially our guests who have traveled from overseas to join us […]

Mosaic has added 13 leading US environmental risk specialists to its team as the company drives a strategic buildout of business across the Americas A spokesperson said, “The expansion marks the next stage of rapid growth for Mosaic’s Environmental Liability division which the company launched as its seventh line of business less than two years […]

Aon plc announced the expansion of its Bermuda reinsurance platform, adding five new team members to enhance local capabilities and drive growth, subject to immigration approvals. A spokesperson said, “Aon plc [NYSE: AON], a leading global professional services firm, today announced the significant expansion of its Bermuda reinsurance platform to augment transactional and capital optimization […]

AM Best affirmed the ratings of Top Layer Reinsurance Ltd., with a stable outlook. A statement from the ratings agency said, “AM Best has affirmed the Financial Strength Rating [FSR] of A+ [Superior] and the Long-Term Issuer Credit Rating [Long-Term ICR] of “aa-” [Superior] of Top Layer Reinsurance Ltd. [Top Layer] [Bermuda]. The outlook of […]

[Written by Roxanne Christopher] September is Life Insurance Awareness Month, making it the perfect time to consider the benefits of life insurance for young adults. Life insurance is often seen as a financial product relevant only for older individuals or those with dependents. However, young adults, especially Millennials and Gen Z, have much to gain […]

Deloitte Bermuda announces the addition of two partners to its team, pending approval from the Department of Immigration; Lewis Lo, Partner in Audit & Assurance, and Marcin Czarnocki, Partner in Financial Advisory. Mr Lo has been a Deloitte professional for over 13 years. He serves clients in the Investment Management and [Re]insurance industries, including investment […]

Mosaic Insurance has “launched customized global terrorism and sabotage coverage for fine art and specie insureds, with syndicated capacity extending up to $215 million per risk.” A spokesperson said, “The new product offers coverage for physical loss or damage caused by acts of terrorism and sabotage, protecting artwork and other high-value contents housed in museums, […]

AM Best affirmed Sura Re Ltd.’s B++ [Good] Financial Strength Rating and “bbb” [Good] Credit Rating, with a stable outlook, citing its strong balance sheet and adequate performance. A statement from the ratings agency said, “AM Best has affirmed the Financial Strength Rating of B++ [Good] and the Long-Term Issuer Credit Rating of “bbb” [Good] […]

Essent Group Ltd. announced that its wholly-owned subsidiary, Essent Guaranty, Inc., has obtained $363.4 million of fully collateralized excess of loss reinsurance coverage on mortgage insurance policies written in July 2023 through July 2024 from Radnor Re 2024-1 Ltd., a newly formed Bermuda special purpose insurer. A spokesperson said, “Radnor Re 2024-1 Ltd. is not […]

Mosaic Insurance appointed Francesca Harland as Global Head of Professional Liability, succeeding Anna Jay to boost the agency business and recognizing Harland’s contributions since the unit’s launch. A spokesperson said, “Mosaic Insurance has appointed Francesca Harland as its new Global Head of Professional Liability. “Harland, a leading underwriter in the unit since its inception, steps […]

AM Best affirmed Golden Tree Reinsurance Limited’s B++ [Good] Financial Strength Rating and “bbb” [Good] Long-Term Issuer Credit Rating, both with a stable outlook. A statement from the ratings agency said, “AM Best has affirmed the Financial Strength Rating of B++ [Good] and the Long-Term Issuer Credit Rating of “bbb” [Good] of Golden Tree Reinsurance […]

Arch Capital Group Ltd. announced a $1.9 billion special dividend and also announced executive promotions. A spokesperson said, “Arch Capital Group Ltd. [NASDAQ: ACGL, Arch or the Company] today announced that its Board of Directors [Board] has declared a special cash dividend [special dividend] of $1.9 billion to common shareholders, representing $5.00 per outstanding common share. […]

Enstar  announced that one of its wholly-owned subsidiaries has entered into an adverse development cover [ADC] reinsurance agreement with certain subsidiaries of James River Group Holdings, Ltd. A spokesperson said, “Under the terms of the agreement, Enstar’s subsidiary will provide $75 million of limit in excess of the existing $160 million ADC reinsurance coverage provided to […]

Donavan Burgess has been named a 2024 Emerging Leader Award recipient, awarded to young professionals that “exhibit exceptional attributes and great potential to lead and shape the future of professional liability.” A spokesperson said, “The Professional Liability Underwriting Society [PLUS] proudly announced the recipients of the prestigious 2024 Emerging Leader Award, a distinguished recognition that […]

The 2020 NPC Worldwide Caribbean Grand Prix Bermuda has been postponed until December 4th, 2021. Ross Caesar and Dion Smith commented, “The decision to cancel the Bermuda Pro Qualifier was an enormous disappointment, a tough one, not only to the athletes, spectators, exhibitors, and professionals who were due to attend the show. “It was necessary […]

McKenzie Bean — a Bermudian who lives in Colorado — recently competed in the NPC Colorado Cup Bodybuilding Show, winning first place in the true novice category, and placing second in the heavyweight class, and fourth in overall novice. “Mr Bean, who has been training for 9 years, told Bernews, “My coach and I went […]

Over one hundred pro hopeful bodybuilders and fitness athletes, both local and international are gearing up for this year’s Caribbean Grand Prix, to be held at the Ruth Seaton James Auditorium on Saturday, March 26th. “The competition is back after proving to be a major success in 2019 and gives athletes from anywhere in the […]

[Written by Stephen Wright] When Kyle Webb decided to hang up his running spikes, he needed an activity to replace the adrenalin rush he experienced rocketing down the 100 metres track as a Bermuda sprinter. Webb, who competed at the Commonwealth Games on the Gold Coast, Australia, in 2018, admits it was a wrench to […]

[Written by Stephen Wright] Mikle Dill says bodybuilding has helped fill the sporting void left behind when he quit rugby because of medical issues. When Dill, a former national team player, decided to hang up his rugby boots, he knew he had to find another outlet to channel his competitive spirit. The 24-year-old began training at […]

[Written by Stephen Wright] Ross Caesar has claimed a third-place finish in the men’s classic physique at the International Federation of Bodybuilding and Fitness [IFBB] Pro League Masters Olympia in Cluj, Romania, this weekend. Caesar was up against some of the world’s elite competitors at the prestigious event, held at the BT Arena, which made […]

[Written by Stephen Wright] Ross Caesar will be eyeing more glory at the International Federation of Bodybuilding and Fitness [IFBB] Pro League Masters World Championships in Pittsburgh, Pennsylvania, tomorrow [September 3]. The 50-year-old, a six-times “Mr Bermuda”, came third in the men’s classic physique at the prestigious IFBB Pro League Masters Olympia in Cluj, Romania, […]

Ross Caesar continues to impress on the international stage, placing second at the International Federation of Bodybuilding and Fitness [IFBB] Pro League Masters World Championships in Pittsburgh this weekend. In addition to his second placing in the over-50 classic men’s physique division, Caesar also finished seventh in the over-40 classic men’s physique division. The six-time […]

[Written by Stephen Wright] Bermudian physique athlete Susan Simons has set her sights on a top-two finish at the NPC Worldwide Royal Grand Prix Bermuda Regional at the Ruth Seaton James Centre in Devonshire on Saturday [September 9]. Simons, who will compete in the wellness masters and wellness open divisions, returned to training in January in […]

[Written by Stephen Wright] Bodybuilder Mikle Dill is excited to step on stage for the first time in a local competition when he competes in the NPC Worldwide Royal Grand Prix Bermuda Regional at the Ruth Seaton James Auditorium tomorrow [September 9]. The 25-year-old will participate in the men’s classic physique class and said the […]

[Written by Stephen Wright] Mikle Dill is on a mission in Milan, Italy, to earn his bodybuilding pro card this weekend. Dill arrived in the Northern Italian city yesterday, where he will compete at the NPC Worldwide Olympia Amateur Italy in the men’s classic physique and believes he is in better shape than ever. The […]

Bermudian bodybuilder Mikle Dill finished fifteenth in the men’s classic physique at the recent NPC Worldwide Olympia Amateur Italy in Milan. Dill, whose long-term ambition is to earn a pro card, competed in a field of 46 competitors. The 25-year-old, who finished runner-up in the men’s physique at the NPC Worldwide Royal Grand Prix Bermuda […]

Joy Eve competed in the IFBB 2023 Hurricane Bay Championships in St. Petersburg, Florida. Eve finished 16th competing in the figure masters 40+ division, and also finished 14th in the figure masters 50+ division. Related Stories Caribbean Grand Prix Pro Qualifier Postponed Lightbourne & Dears Receive Anti-Doping Bans Bodybuilding & Fitness Extravaganza Results CAC Bodybuilding […]

[Written by Stephen Wright] Jaydon Goddard has vowed to “own the stage” when he competes at the NPC Amateur Olympia in Orlando, Florida, tomorrow [November 1]. Goddard must finish in the overall top three in the men’s physique to win a coveted pro card, which will enable him to compete at professional shows for cash […]

Bermudian bodybuilder Jaydon Goddard made his professional debut at the IFBB Pittsburgh Pro earlier this month in Pittsburgh, Pennsylvania. A spokesperson said, “Behind the Olympia and Arnold Classic Competitions, this is considered one of the largest and most prestigious professional bodybuilding competitions in the sport. “Goddard competed for the first time as a professional in […]

[Written by Stephen Wright] Alexis Richens has always felt at home on stage and credits her dance background for giving her the tools needed to navigate the challenges of bodybuilding. The 31-year-old made her competition debut last summer at the NPC Worldwide Royal Grand Prix Bermuda, held at CedarBridge Academy, where she claimed the overall […]

Physique athlete Alexis Richens achieved a second-place finish in the bikini class at the NPC Worldwide Royal Grand Prix Bahamas Pro Qualifier in Nassau at the weekend. Richens said she made significant improvements from her competition debut last summer at the NPC Worldwide Royal Grand Prix Bermuda, where she won the overall bikini class title. […]

The project to “enhance safety and stability on Scaur Hill, Sandys Parish” continues, with the work having started late last month and expected to take approximately six months to complete Minister of Public Works Lt/Col David Burch previously stated: “The 230-foot retaining wall along Scaur Hill has been structurally undermined and urgently needs replacing. “The […]

The Sandys Boat Club ‘Paddle for PALS’ event was held this weekend in the west end, with participants dressing in costumes and bringing “your brooms, flotations, paddleboards, kayaks, and non-motorized floaties”, with the event aiming to raise funds for the PALS cancer care charity. Related Stories Photos & Video: Dockyard Fall Festival Photos: Tree Tops […]

The Royal Naval Dockyard’s ‘Fall Festival’ event was held yesterday [Oct 19] on the North Lawn, with families attending the event and enjoying activities including fun castles, face painting, entertainment, and more. Related Stories Photos & Video: Sandys Club Paddle For PALS Photos: Tree Tops II Preschool Halloween Parade Photos/Video: Tree Tops II Halloween Parade […]

The John Paul DeJoria vessel is visiting the island, stopping in the East End. According to the Neptune’s Pirates website, “The John Paul DeJoria is a 72-meter former Scottish Fisheries Patrol vessel equipped to stop whaling vessels in the high seas using modern technology and a passionate and committed crew.” Related Stories Photos: 31 Abandoned […]