Based in Bermuda, Transmonde operates as a single-parent captive for its Swiss-listed parent SGS
The framework applies to limited purpose insurers, including captives, but excludes commercial insurers and captives consolidated into commercial groups
KPMG Bermuda, in partnership with the Bermuda Captive Network, has launched a US$30,000 scholarship and internship programme to strengthen the island’s domestic captive insurance workforce
The Bermuda Captive Conference will return to its summer schedule this year, taking place from 9 to 11 June at the Hamilton Princess Hotel and Beach Club
Clarke will join the board on 1 June and will succeed interim chair Colin Keogh, who is stepping down from the board the following month
Global specialty (re)insurer SiriusPoint has appointed Philip Enan as chief strategy and corporate development officer
AM Best has affirmed the financial strength ratings of ‘A’ (Excellent) and long-term issuer credit ratings of ‘a+’ (Excellent) for BNY Trade Insurance and The Hamilton Insurance Corporation
AM Best has affirmed the financial strength rating of ‘A’ (Excellent) and the long-term issuer credit rating of ‘a’ (Excellent) for Bermuda-based reinsurer Lumen Re
