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Bermudian care home reports COVID-19 cases

Two residents and two staff members at the Matilda Smith Williams Seniors Residence have tested positive for COVID-19, making it the second care home in Bermuda to report a case of the virus. 14 April 2020

News

Hiscox cancels dividends as it braces for tough times ahead

Hiscox will not pay a dividend of 29.6 cents per share, which had been scheduled for payment on June 10, 2020, and will not propose an interim dividend payment in 2020, or conduct any share buybacks, in light of the COVID-19 crisis. 9 April 2020

News

Bermuda could see 700 fatalities from COVID-19: Burt

The COVID-19 pandemic could lead to 700 fatalities in Bermuda if people on the island do not follow shelter in place instructions and stay at home, according to David Burt, Bermuda’s Premier. 9 April 2020

News

BF&M pledges $20,000 to Bermuda to assist COVID-19 response

BF&M has pledged $20,000 to Bermuda’s COVID response efforts. 8 April 2020

News

BF&M reports profit for 2019

BF&M has reported a profit for the full year 2019, overcoming a challenging year for catastrophes and “significant legislative and regulatory upheaval.” 8 April 2020

News

Third Point Re donates $65,000 to Bermudian COVID-19 response efforts

Third Point Reinsurance has donated $55,000 to the Bermuda COVID-19 Emergency Fund. The fund was created by the Bermuda Community Foundation (BCF) to assist the island as it responds to the COVID-19 crisis. 8 April 2020

Life

AXIS names Michael Carr head of US E&S property

AXIS Insurance has appointed Michael Carr as head of US excess and surplus property. 8 April 2020

News

Bermuda identifies no new COVID-19 cases on April 7

Bermuda identified no new cases of COVID-19 on April 7, and reported 21 Bermudians have now recovered from COVID-19 symptoms. 8 April 2020

ILS

Peak Re to acquire Lutece as it targets ILS growth

Peak Reinsurance Company (Peak Re) will acquire Lutece Holdings, the Bermuda based dedicated ILS asset manager, in a transaction that is expected to close within weeks. 8 April 2020

News

Bermuda suffers first deaths related to COVID-19

Bermuda has experienced its first two COVID-19-related deaths. 7 April 2020

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