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HSBC Global Asset Management (Bermuda), which manages HSBC Corporate Money Funds, has created its first offshore US Treasury fund. 26 July 2018
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Qatar Insurance Company Group (QIC), the insurance group that owns Bermuda- based Qatar Re, has reported that it made a net profit of $106 million in the first half of 2018, down 24 percent from the $139 million it reported for the same period of 2017. 25 July 2018
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RenaissanceRe Holdings has reported increased profits in its second quarter 2018 results, but has added the caveat that ‘meaningful uncertainty’ existed around claims from losses from 2017. 25 July 2018
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Evergreen Parent has signed a share purchase agreement with Bermuda-based Enstar Group and US private equity firm Madison Dearborn Partners (MDP). 25 July 2018
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A pair of bond insurance subsidiaries of Bermuda-based Assured Guaranty have filed an adversary complaint that claims that appointments to the Financial Oversight and Management Board for Puerto Rico are unconstitutional. 24 July 2018
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Sompo International Holdings has announced that AM Best has raised the financial strength ratings of two of its operating subsidiaries, Lexon Insurance Company and Bond Safeguard Insurance Company, from B++ to A+. 24 July 2018
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Rating agency S&P Global has reaffirmed the financial strength rating of A- of International General Insurance (IGI), the global specialist commercial insurer and reinsurer that operates on Bermuda. 23 July 2018
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Lancashire Holdings has announced the appointment of Sally Williams as a non-executive director, starting in early 2019 on a date to be confirmed. 23 July 2018
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Argo Group International Holdings has announced that Manuel Moreno has been appointed to the new position of chief underwriting officer of Latin America, effective immediately. 23 July 2018
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Bermuda-based the Argus Group has announced that it made a net loss of $18.6 million over 2017, as it operated against a backdrop of market uncertainty caused by global change and a low growth Bermuda economy. 23 July 2018
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