These Are The Best Financial Services Companies in Bermuda (2021)

April 1, 2021

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This article showcases our top picks for the best Bermuda based Financial Services companies. These startups and companies are taking a variety of approaches to innovating the Financial Services industry, but are all exceptional companies well worth a follow.

We tried to pick companies across the size spectrum from cutting edge startups to established brands.

We selected these startups and companies for exceptional performance in one of these categories:

  • Innovation
    • Innovative ideas
    • Innovative route to market
    • Innovative product
  • Growth
    • Exceptional growth
    • Exceptional growth strategy
  • Management
  • Societal impact

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Top Bermuda Financial Services Companies

Data sourced from Crunchbase and SemRush.

Armour Group

Armour Group

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Armour is a leader in the P&C run-off and headquartered in Bermuda. The business has multiple capabilities including the new re-insurer working with the established asset management and specialist servicing companies.

It is a leading provider of capital and services to the global P&C run-off market. Armour specializes in the creation and implementation of run-off solutions, services and acquisitions within the global insurance and reinsurance market place..

Stablehouse

Stablehouse

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Stablehouse is a payment and FX exchange platform for stablecoins.

Arch Capital Group

Arch Capital Group

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Arch Capital Group is a public liability company that writes insurance and reinsurance with operations. The company also offers mortgage, specialty insurance, and reinsurance solutions.

its insurance segment provides specialty risk solutions to clients across a variety of industries. The reinsurance segment provides reinsurance services that cover property catastrophe, property, liability, marine, aviation and space, trade credit and surety, agriculture, accident, life and health, and political risk.

The mortgage business provides risk management and risk financing products to the mortgage insurance sectors through platforms in the U.S., Europe, and Bermuda.. .

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Axis Capital Holdings Limited

Axis Capital Holdings Limited

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AXIS is a global insurer and reinsurer, providing clients and distribution partners with a broad range of specialized risk transfer products and services. Their highly experienced underwriting, claims, modeling and actuarial teams have a breadth and depth of knowledge that distinguishes AXIS as a provider of choice.

AXIS Insurance provides customized property, casualty, professional lines and other specialty coverage across the globe through wholesale and retail brokers, and managing general underwriters.. .

Apex Group

Apex Group

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Apex Group Ltd. is a global financial services provider.

Apex delivers an extensive range of services to asset managers, capital markets, private clients and family offices. The Group has continually improved and evolved its capabilities to offer a single-source solution through establishing the broadest range of products in the industry; including fund services, digital onboarding and bank accounts, depositary, custody and super ManCo services, business services including HR and Payroll and a pioneering ESG Ratings and Advisory service for private companies..

GP Investments

GP Investments

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GP Investments is focused on alternative investments in Latin America, including private equity funds and real estate. It offers its customers with consulting services.

GP Investments was founded in 1993 and is based in Sao Paulo, Brazil.. .

Axa XL

Axa XL

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Axa XL is a provider of insurance and reinsurance coverages and financial products to industrial.

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Ven Racing

Ven Racing

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Ven Racing is a sporting initiative powered by Ven, a centralized digital currency.

Assured Guaranty

Assured Guaranty

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Assured Guaranty is the leading provider of financial guaranty insurance.

Athora

Athora

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Athora is a Bermuda-based insurance and reinsurance group.

Essent Group

Essent Group

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Essent Group Ltd. (NYSE: ESNT) is a Bermuda-domiciled holding company.

Through its subsidiaries, Essent Group serves the housing finance industry by offering mortgage insurance, reinsurance and risk management products to mortgage lenders and investors to support homeownership. Essent provides private capital to bear mortgage credit risk, enabling lenders and mortgage investors to make mortgage financing available for homeowners..

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Validus Holdings

Validus Holdings

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Validus Holdings, Ltd. is a provider of reinsurance, insurance, and insurance linked securities management operating through three primary segments, Validus Reinsurance, Ltd., Talbot Holdings Ltd.

and AlphaCat Managers, Ltd. Validus Reinsurance, Ltd.

(“Validus Re”) is a Bermuda based reinsurer focused on short tail lines of reinsurance. Talbot Holdings Ltd.

(“Talbot”) is the Bermuda parent of the specialty insurance group primarily operating within the Lloyd’s insurance market through Syndicate 1183. AlphaCat Managers, Ltd.

(“AlphaCat”) is a Bermuda based investment adviser managing capital for third parties and the Group in insurance linked securities and other property catastrophe reinsurance investments.. .

Bermuda Monetary Authority

Bermuda Monetary Authority

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Bermuda Monetary Authority was established by statute in 1969. Its role has evolved over the years to meet changing needs in the financial services sector.

Today it supervises, regulates and inspects financial institutions operating in the jurisdiction. It also issues Bermuda’s national currency, manages exchange control transactions, assists other authorities with the detection and prevention of financial crime, and advises Government on banking and other financial and monetary matters.

Bermuda Monetary Authority develops risk-based financial regulations that it applies to the supervision of Bermuda’s banks, trust companies, investment businesses, investment funds, fund administrators, digital asset businesses, money service businesses, corporate service providers and insurance companies. It also regulates the Bermuda Stock Exchange and Bermuda Credit Union..

Premia Holdings

Premia Holdings

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Premia Holdings is a multidisciplinary executive team helps organizations achieve finality by providing insurance and reinsurance solutions.

Spectrum Mobile

Spectrum Mobile

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Spectrum Mobile is a company focused on operating as an ad-service and mobile money service delivery platform. It enables consumers to send money to other persons or merchants.

It provides financial services and marketing campaigns through behavioral and demographic data mining. Spectrum Mobile was incorporated in 2010 and is based in Hamilton, Bermuda..

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First Atlantic Commerce

First Atlantic Commerce

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Founded in 1998, First Atlantic Commerce is recognized as a leader in international online payment solutions, providing secure and reliable merchant account solutions to businesses and banks and around the world. We offer online credit card processing, payment gateway, offshore merchant accounts, fraud management solutions and more.

To learn more about our company and our services, feel free to visit our website. Also, if you are a bank seeking merchant acquirer solutions, please feel free to contact us via email: info@fac.bm or phone: 441-296-5598..

iCash

iCash

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The iCash Proof of Trust Protocol assures the validity of smart contract settlements. The most celebrated aspect of Distributed Ledger Technology is that information is immutably stored without the need for a central authority or intermediary.

Despite this, not enough attention is paid to the negative impact created when an input to the blockchain is not trustworthy. iCash introduces the Proof of Trust (PoT) protocol as a multi-platform blockchain application that enables real-world inputs to be validated by decentralized participants in settling Smart Contracts at scale.

Backed by 70 Patents across 100 countries for peer to peer wagering and smart contract origination and settlement, iCash will build a comprehensive dApp implementing the POT protocol into all smart contracts, and also create the protocol as its own independent layer adoptable by any blockchain and any dApp to affirm smart contract settlements.. .

Watford Re

Watford Re

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Watford Re is a specialty insurer and reinsurer that brings together underwriting and investment expertise. Watford Re launched its reinsurance operations in 2014 as a Class 4 insurer in Bermuda.

They use a disciplined underwriting strategy providing capacity and solutions on a global basis. In 2015, Watford Re established their insurance operations to provide specialty products and solutions to an expanded client base.

Watford Re partners with best-in-class underwriting and investment managers to combine a diversified insurance business with a tailored investment portfolio. This strategy leverages the expertise and global distribution of partners to enable them to offer innovative products at competitive terms to clients while generating an attractive return over time for shareholders..

Randall & Quilter Investment Holdings

Randall & Quilter Investment Holdings

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R&Q is an AIM listed company specialising in a wide variety of insurance products and services. The Group was founded by Ken Randall and Alan Quilter in 1991.

Since then, R&Q has pursued a buy and build strategy to create a comprehensive range of investment activities and services in the global non-life insurance market and is focused on the following four core areas.. .

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Estera

Estera

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A world-leading provider of offshore fiduciary and administration services with over 350 professionals across ten jurisdictions.

Pacific Life Re

Pacific Life Re

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Pacific Life Re works with clients in the UK, Ireland, Asia, Australia, and North America to provide mortality, morbidity, longevity, and capital solutions reinsurance products and services.

Syncora Holdings

Syncora Holdings

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Syncora Holdings Ltd. through its subsidiary, Syncora Guarantee Inc., a monoline financial guarantee insurance provider, provides credit enhancement for the obligations of debt issuers worldwide.

They are a Bermuda-domiciled holding company whose operating subsidiaries provide credit enhancement and protection products to the public finance and structured finance markets throughout the United States and internationally.. .

Viva Network

Viva Network

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Viva is an innovative financial technology that introduces large-scale decentralized mortgage financing to the world. The Viva platform will utilize smart contracts to crowdfund home loans, connecting borrowers and investors directly within a decentralized, trustless ecosystem.

By leveraging ultra-secure blockchain transactions, Viva cuts out the middlemen, resulting in a lending process that is more profitable and efficient for all parties. Viva enables the free market to determine the rate of interest on a borrower’s mortgage and removes the need for banks and other financial intermediaries.

By eliminating inefficiencies in local financial systems, mortgage rates will more fairly and accurately reflect the level of risk associated with the asset’s true value. The failure of the banking system in 2008 yielded the world’s first ever cryptocurrency and began the process of decentralizing the power held by financial conglomerates.

Viva intends to finish the job – by leaving the inefficient, centuries-old financing system where it truly belongs: in the past.. .

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Bermuda Investment Advisory Services Limited

Bermuda Investment Advisory Services Limited

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BIAS provides tailored independent investment advice to clients around the world from its locations in Bermuda and the Cayman Islands.

Harrington Re

Harrington Re

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Harrington Re Ltd. is a Bermuda based, multi-line reinsurance company jointly sponsored by AXIS Capital Holdings Limited and Blackstone Group L.P.

and is registered as a Class 4 Insurer with the Bermuda Monetary Authority. The Company has total capital of approximately $600 million (including $50 million of senior debt) and has been awarded an A- (“Excellent”) financial strength rating by A.M.

Best.. .

Catco Reinsurance

Catco Reinsurance

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Catco Reinsurance is a financial company & limited liability mutual closed-ended fund company dealing with capital management and income.

Fulcrum

Fulcrum

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Fulcrum Limited is a global fund administrator for the hedge fund and alternative investment management industry.

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UIL Limited

UIL Limited

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IL Limited, formerly Utilico Investments Limited, is a closed end investment company. The Company is engaged in investing the pooled funds of its shareholders in accordance with its investment objective and policy, generating a return for shareholders and spreading the investment risk.

Its investment objective is to maximize shareholder returns by identifying and investing in investments across the world where the underlying value is not reflected in the market price.. .

Primary Group

Primary Group

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Primary Group is an investment holding company serving small to medium-size businesses.

Maiden Reinsurance North America

Maiden Reinsurance North America

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Maiden Reinsurance North America is an insurance company that provides specialty reinsurance products.

Somers

Somers

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Somers is an investment holding company in the financial services sector. Somers (“Somers”) was established in 2012, and is a Bermuda Stock Exchange listed financial services investment holding company, with investments principally in the UK, Bermuda, and Australia.

The Company’s core investments are primarily in the banking, asset financing, and wealth management sectors. Somers has shareholders’ funds of approximately US $349 million, and it invests in listed and unlisted companies, with both minority and controlling shareholdings.

Somers is managed by ICM (“ICM”), a Bermuda based global fund manager and corporate finance adviser which manages over $19 billion in funds, directly and indirectly, in a range of mandates. ICM is a long term investor that focuses on having a deep understanding of the business fundamentals of each investment and its environment versus its economic value..

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AIG LIFE OF BERMUDA

AIG LIFE OF BERMUDA

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AIG LIFE OF BERMUDA is a property-casualty and general insurance organization.

Altree Financial

Altree Financial

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Altree Financial is an integrated financial services company which delivers a broad range of investment services to institutional investors, corporate clients, asset managers and high net worth individuals across the globe. Altree Financial independently owns and operates a number of premier financial service subsidiary companies, including: Altree Capital, Altree Custody Services, Altree Fund Services (Licensed by the Bermuda Monetary Authority under The Investment Funds Act 2006), Altree Services, Altree Trust (Licensed to conduct Trust Business by the Bermuda Monetary Authority), Altree Wealth and Securities Africa (Licensed to conduct Investment Business by the Bermuda Monetary Authority).

By leveraging the knowledge, experience, infrastructure and expertise of its subsidiary companies, Altree Financial has successfully achieved an outstanding track record of operational excellence in the fields of asset management, corporate finance, advisory & consulting, fund administration, global custody, market data & research and trust & fiduciary services. .

Amerinst Insurance Group

Amerinst Insurance Group

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Amerinst Insurance Group is a a leader in professional liability insurance company.

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