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 […]

[Updated - Officials now say it was part payment] The Bermuda Government received payment on the confiscation order made by the UK courts, the police said today in relation to the theft case which Jeffrey Bevan was convicted for his role in. A police spokesperson said, “In January 2011, Mr. Jeffrey Bevan, [a UK national], […]

The Bermuda Police Service said they stand with other jurisdictions around the world in supporting Anti-Money Laundering Day on 29th October. Acting Assistant Commissioner [Crime] Nicholas Pedro said, “The Bermuda Police Service stands with other jurisdictions around the world in supporting and celebrating Anti-Money Laundering Day on 29th October. “Money laundering presents many dangers, especially […]

“All Overseas Territories with financial centres are committed to global tax transparency standards,” Lord Ahmad of Wimbledon said. During the British Parliament’s session on June 10th, Liberal Democrat Lord Jones of Cheltenham asked “what progress they have made on reforming procedures in the UK’s Overseas Territories to eliminate [1] tax avoidance, and [2] money laundering.” […]

The police noted the recently released “Bermuda 2020 Report on Money Laundering and Terrorist Financing Risk Assessments” and said the ”BPS works with partner agencies within the National Anti-Money Laundering Committee to both combat and deter criminal use of our financial systems, and our collective input into this report helps inform decision making at all levels […]

“Between 2021 and the present, five people have been convicted and monies seized following investigations into suspected money laundering offences,” the police said. A police spokesperson said, “Investigations by the Bermuda Police Service [BPS] Financial Crime Unit into acts of money laundering have led to a number of convictions and resulted in the seizure of […]

A 58-year-old Mexican national was arrested at the airport “after he was found in possession of a large quantity of cash” and the police also executed search warrants at residences in Devonshire and Paget and “more than $17,000 in cash was seized and two persons arrested.” A police spokesperson said, “On Saturday, July 20th, 2024, […]

TBi has ”acquired the business and certain assets” of WoW, with TBi saying they “have an exciting vision to take the company to new heights.” A spokesperson said, “TeleBermuda International Limited [TBi] today announced that it acquired the business and certain assets of World on Wireless Limited [WoW], acting by its Joint Provisional Liquidators [JPLs], Michael […]

Bermuda-based Coralisle Group [CG] has acquired a 100% interest in Massy United Insurance Ltd. of Barbados [United]. A spokesperson said, “United now operates within the Coralisle Group as CG United Insurance Ltd. [CG United]. The acquisition significantly expands CG’s presence across the Caribbean, adding 14 new markets where CG United operates. “These include Anguilla, Antigua & […]

Apex Group Ltd. announced it has acquired the technology platform and conference business of Context365, “an established global provider of technology and events that connects alternative asset class investors with high quality asset managers.” A spokesperson said, “Context365 connects LPs and GPs through its software as a service [SaaS] digital networking and research platform, further […]

In a filing with the Bermuda Stock Exchange [BSX], Somers Limited announced that their shareholders “voted overwhelmingly” to approve the merger with SNB Investments Limited [SNB]. The full filing stated: “Somers Limited, a financial services investment holding company, is pleased to announce that further to the Company’s announcement on 8 July 2022, Somers’ shareholders voted […]

In a filing with the Bermuda Stock Exchange [BSX], Somers Limited announced the “shareholder approval of merger with SNB Investments.” The full filing stated: “Somers Limited, a financial services investment holding company, announces that its Board of Directors has declared a dividend of $4.55 per share to be payable to shareholders of record on 4 […]

Monument Re announced today that its Isle of Man subsidiary Monument International Life Assurance Company Limited [MILAC] has completed the acquisition of the closed book portfolio of Zurich International Life Limited’s [ZILL] Singapore long term life insurance business. A spokesperson said, “The ZILL Singapore branch portfolio and employees have transferred into the Singapore branch of […]

Seadrill Limited and Aquadrill LLC announced that they have entered into a definitive merger agreement under which Seadrill will acquire Aquadrill in an all-stock transaction. A spokesperson said, “Upon completion of the transaction Seadrill shareholders and Aquadrill unitholders will own 62% and 38%, respectively, of the outstanding common shares in the Company. The transaction values […]

Apex Group announced the planned acquisition of Bank of America Custodial Services [Ireland] Limited, the Irish depositary business of Bank of America. A spokesperson said, “Apex Group Ltd. [Apex], a global financial services provider, announces today the planned acquisition of Bank of America Custodial Services [Ireland] Limited [BACSIL], the Irish depositary business of Bank of […]

Cohort Limited, which is a licensed corporate service provider, announced the merger with BM Corporate Services Ltd effective 3rd January 2023. The combined entity will trade and operate as Cohort Limited. Tracy Packwood, Director, Cohort Limited stated, “We are delighted to merge Cohort Limited and BM Corporate Services Ltd. We remain a manager-owned entity, involved […]

Essent Group Ltd. announced that it has entered into an agreement through its subsidiary Essent US Holdings, Inc. to acquire Agents National Title Holding Company and Boston National Holdings LLC from Incenter LLC, a subsidiary of Finance of America Companies Inc. for $100 million. A spokesperson said, “Agents National Title, based in Missouri, is a […]

West Hamilton Holdings Limited has “entered into an agreement and plan of merger with Princess West Limited which will result in the sale of 69 and 71 Pitts Bay Road, representing approximately 86 percent of the Company’s property assets. The filing said, “In a filing with the Bermuda Stock Exchange West Hamilton Holdings Limited, is […]

International General Insurance Holdings Ltd. [IGI] announced the completion of the acquisition of Norway-based managing general agency Energy Insurance Oslo AS [EIO]. A spokesperson said, “The transaction included the acquisition of all outstanding shares of EIO. The entity, which is expected to be renamed IGI Nordic AS [IGI Nordic], is a subsidiary of Bermuda-based International […]

Apex Group Ltd., a global financial services provider, announced the planned acquisition of Efficient Group Ltd. A spokesperson said, “Efficient is the holding company of Boutique Collective Investments [RF] [Pty] Ltd [BCI] and Boutique Investment Partners [Pty] Ltd [BIP] and following the completion of the acquisition, Efficient Group [Pty] Ltd will be rebranded under the […]

Clarien Bank Limited has signed an agreement to acquire Omnium Trust Company Limited [Omnium Trust] and Omnium Corporate Services Limited [Omnium Corporate Services], a boutique practice offering quality trust and corporate administration services. A spokesperson said, “The terms of the acquisition, which strengthens Clarien’s aspiration to be Best Wealth Manager in Bermuda, are private and […]

Arch Insurance announced it has acquired Thimble, a leading insurtech platform for small business customers and agents. A spokesperson said, “Thimble enables small businesses to quickly get insurance coverage by the job, month or year using its award-winning app, website, or over the phone. “The acquisition expands Arch’s suite of digital solutions for small business […]

Renaissancere Holdings  announced it has “entered into a definitive agreement with American International Group, Inc., whereby RenaissanceRe will acquire AIG’s treaty reinsurance business, which includes Validus Reinsurance Ltd. and its consolidated subsidiaries, AlphaCat Managers Ltd. and its managed funds, and all renewal rights to the Assumed Reinsurance Treaty Unit of Talbot.” A spokesperson said, “AIG […]

Monument Re announced today that its Belgian subsidiary Monument Assurance Belgium has completed the acquisition of a run-off block of retail life policies, annuities and associated assets from Federale Verzekering [Federale]. Koen Depaemelaere, CEO of Monument Assurance Belgium stated that “We are pleased to have completed this transaction with Federale as it represents a positive […]

Arthur J. Gallagher & Co. announced that its captive and alternative risk transfer solutions subsidiary, Artex, has acquired Bermuda-based Frontier Financial Services Limited. A spokesperson said, “Frontier is a management firm specializing in consulting, recruitment, business services and immigration services to reinsurance and insurance-linked securities clients in Bermuda. Peter Brodsky, Derek Winch and their team […]

Nascent Group Ltd. announced that it has signed an agreement to acquire Bermuda Compliance Consultants Ltd, and the acquisition is expected to close in the fourth quarter of 2023. A spokesperson said, “Founded and headquartered in Bermuda, Bermuda Compliance Consultants Ltd. [BCCL] provides compliance advisory services to the insurance and the fund markets. Alison Morrison, […]

RenaissanceRe Holdings Ltd. has completed its acquisition of Validus Re, the treaty reinsurance business of American International Group, Inc. A spokesperson said, “RenaissanceRe Holdings Ltd. today announced that it has concluded its acquisition of Validus Re, the treaty reinsurance business of American International Group, Inc which includes Validus Reinsurance Ltd. and its consolidated subsidiaries, AlphaCat […]

The Association of Bermuda Insurers and Reinsurers [ABIR] said they “welcomed the news that RenaissanceRe Holdings Ltd. has successfully closed its acquisition of Validus Re and its subsidiaries from American International Group [AIG].” A spokesperson said, “ABIR member RenaissanceRe becomes the fifth-largest property and casualty reinsurer in the world after the acquisition of Validus, which […]

Fleming Insurance Holdings, a provider of capital solutions to P&C insurers globally, has entered into an agreement to acquire JRG Reinsurance Company Ltd. from James River Group Holdings, Ltd. A spokesperson said, “This is a transformational transaction contributing to Fleming’s growth plan with the addition of complementary infrastructure, a strong balance sheet and capital base, […]

ESC Limited and Frameworks announced the “successful merger of their operations” which they said “brings together both entities’ strengths, creating a comprehensive and seamless shopping experience. A spokesperson said, “The union of ESC and Frameworks, effective 31 May 2023, is a testament to their shared vision of providing customers with an integrated and comprehensive shopping […]

Arch U.S. MI Holdings, a wholly owned subsidiary of Arch Capital Group Ltd., has entered into a definitive agreement to acquire RMIC Companies, Inc. [RMIC] and its subsidiaries that together comprise the run-off mortgage insurance business of Old Republic International Corporation. A spokesperson said, “Once the transaction is closed, RMIC’s $1 billion risk in force […]

Argo Group International Holdings, Ltd. today announced the completion of Brookfield Reinsurance’s acquisition of Argo in an all-cash transaction valued at approximately $1.1 billion. A spokesperson said, “Under the terms of the transaction, Brookfield Reinsurance acquired all issued and outstanding common shares of Argo at a price of $30 per share. Argo’s common shares have ceased […]

BroadRiver Asset Management announced that it has “completed the acquisition of the US & Bermuda businesses [“Lombard US/BDA”] of Lombard International Group.” Andrew Plevin, Co-Founder and Co-CEO of BroadRiver, said: “This transaction is an outstanding opportunity for BroadRiver and its investors and an additional step in BroadRiver’s strategic expansion into the insurance sector. We look […]

Carrick Group Limited, a Bermuda-based international non-life legacy insurance business providing reinsurance and run-off solutions, announced that it has been acquired by Northlight QIAIF plc, an Irish regulated company managed by London-based investment manager Northlight Group LLP from Zimmer Financial Services Group.” “Northlight is thrilled to acquire a run-off insurance platform with a strong team […]

Apex Group announced an “exciting” start to 2024, having completed the acquisition of Retransform from The Annet Group. A spokesperson said, “Leading international financial services business Apex Group today announces an exciting start to 2024 after closing its acquisition of Retransform from The Annet Group. “Retransform is a global real estate provider offering Proptech, Technology […]

Compre, the Bermuda-domiciled international legacy group, today announces the acquisition of two portfolios of European casualty and motor liabilities from separate undisclosed international insurance groups. A spokesperson said, “All necessary approvals have been granted by Bermudian and European regulators, allowing Compre’s class 3B Bermudian reinsurer Pallas Reinsurance Company Ltd. to reinsure approximately €200m of reserves […]

RiverStone International has completed the acquisition of Catalina Insurance Ireland, an Irish insurance company regulated by the Central Bank of Ireland. The transaction received regulatory approval in January and closed on 2 February 2024. Catalina Insurance Ireland has total reserves of approximately US$350 million emanating mainly from a German med-mal portfolio and a UK and […]

Arch Insurance North America, part of Arch Capital Group Ltd, has entered into a master transaction agreement to acquire the U.S. MidCorp and Entertainment insurance businesses, including select specialty insurance programs, from Allianz Global Corporate & Specialty SE [AGCS] for a $450 million cash consideration to Allianz. A spokesperson said, “Arch estimates its capital requirement […]

Apex Group has acquired IP Management Company, a South African unit trust management firm. A spokesperson said, “Apex Group Ltd. [Apex Group or The Group], a global financial services provider, today announces its acquisition of IP Management Company [RF] [Pty] Ltd [IPMC], a South African unit trust management company [ManCo]. “This follows the recent acquisition […]

BF&M and Argus Group announced today that they “have signed a definitive amalgamation agreement, pursuant to which BF&M and Argus will combine in an all-stock transaction.” A spokesperson said, “The transaction is subject to required regulatory approvals and shareholder approval with a planned completion date for the amalgamation in the fourth quarter of 2024. The amalgamation “Under […]

Monument Re Limited announced today that its Belgian subsidiary Monument Assurance Belgium N.V. has completed the acquisition of a branch 21 closed book classical group life insurance portfolio from Contassur – Contibel Assurances Vie – Contibel Levensverzekeringen SA/NV [Contassur], following receipt of regulatory approval from the National Bank of Belgium. Koen Depaemelaere, CEO of Monument […]

Enstar Group announced that it has “entered into a definitive merger agreement under which Sixth Street will acquire Enstar, with Liberty Strategic Capital, J.C. Flowers & Co. LLC, and other institutional investors participating in the transaction. ” A spokesperson said, “Enstar shareholders will receive a total of $338.00 in cash per ordinary share of Enstar […]

Arch Insurance North America, part of Arch Capital Group Ltd. announced it has closed the acquisition of the U.S. MidCorp and Entertainment insurance businesses from Allianz originally announced on April 5. A spokesperson said, “Nearly 500 former Allianz MidCorp and Entertainment employees have joined Arch and will provide continuity to clients and brokers as Arch […]

BF&M and Argus announced their Executive Leadership Committee for the new combined company, pending regulatory and shareholder approval, with the announcement noting that the appointments are “effective upon closing of transaction.” A spokesperson said, “BF&M Limited and Argus Group Holdings Limited today announced the composition of the Executive Leadership Committee for the newly combined company, […]

In a filing with the Bermuda Stock Exchange [BSX], Somers Limited announced that, effective November 1, 2024, Somers’ largest shareholder, Union Mutual Pension Fund Limited [UMPFL] has merged with General Provincial Life Pension Fund Limited [GPLPFL], with GPLPFL being the continuing entity. The full filing stated: “As a result, the 14,424,184 ordinary shares of Somers, representing […]

Apple TV+ today shared a recap video for the first season of "Silo. The hit series returns for a second season starting later this week.

Warning: The video contains major spoilers, obviously.

"Silo" follows the last 10,000 people on Earth, all of whom live in a massive underground bunker to escape the seemingly toxic and deadly world outside. The people are unaware of why the silo was built, and those who seek the truth face deadly consequences. Rebecca Ferguson stars as Juliette Nichols, an engineer who attempts to unravel the mysteries surrounding the silo following a loved one's murder. The sci-fi series is based on Hugh Howey's best-selling book trilogy "Wool." Ferguson and Howey both serve as executive producers.

The 10-episode second season of "Silo" begins this Friday, November 15, and one new episode will follow every Friday through January 17.

Apple TV+ costs $9.99 per month or $99 per year in the U.S., and the streaming service is also included in all Apple One subscription bundles.
This article, "Apple TV+ Shares 'Silo' Recap Video Ahead of Season 2 Starting Friday" first appeared on MacRumors.com

Discuss this article in our forums

In a blog post today, Apple supply chain analyst Ming-Chi Kuo revealed two new products that Apple apparently plans to release in a few years from now, including a smart home camera and updated AirPods with more health management features.


Kuo said mass production of Apple's smart home camera is scheduled to begin in 2026, and the company apparently aims to sell tens of millions of them over the long term. He said the camera will have wireless connectivity, and deep integration with Apple Intelligence and Siri, but he did not mention any other specific features.

Previous rumors have indicated that Apple is planning to release a smart home display, but that device is expected to launch as early as 2025, so it seems like the 2026 camera that Kuo has mentioned here is a different product.

As for the AirPods, Kuo simply said that future models of the earbuds will have "more health management features" like the Apple Watch, and that Chinese manufacturer Goertek will serve as the primary supplier of a 2026 AirPods model. The new smart home camera will also be assembled by Goertek, according to the analyst.

We previously reported that Apple's upcoming Powerbeats Pro 2 will offer heart rate monitoring during workouts, and perhaps that feature will extend to AirPods in the future. In addition, health-focused sensors that could allow for features like body temperature measuring have been rumored for AirPods in the past.

This article, "Kuo: Apple Planning Smart Home Camera and New AirPods With More Health Features" first appeared on MacRumors.com

Discuss this article in our forums