News relating to the Bermuda and international insurance and reinsurance industry.
IGI is entering the US excess and surplus market at precisely the right time, with the market less competitive than it has been for years, according to Waleed Jabsheh, president of IGI.
Syncora Holdings will hold a virtual annual general meeting of shareholders on March 26 at 1pm Eastern time, to accommodate shareholders who are socially distancing, in response to the COVID-19 outbreak.
Blue Capital Reinsurance Holdings has filed notification with the Securities and Exchange Commission to be removed from listing on the New York Stock Exchange.
Bermuda is providing facilities for residents that do not have an appropriate place to self-quarantine.
Trading in the common shares of International General Insurance Holdings began on the Nasdaq capital market on March 18.
Maiden reported a net loss for 2019 but significantly reduced the size of that loss year on year, as it reported its first set of results since it re-domesticated its reinsurance business to the State of Vermont.
Bermuda’s first cases of COVID-19 have been confirmed.
The Bermuda Monetary Authority (BMA) has waived the fee for a one-month filing extension for all insurers that are required to register with the regulator.
MS Amlin and Everest Re have issued statements to assure customers and other partners that they are well prepared for the challenges around COVID-19.
American Airlines (AA) and WestJet (WJ) have suspended a number of flights to and from Bermuda.