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Seadrill Ltd, the Bermudian-based offshore drilling company, has reported an operating profit of $20 million for the third quarter of the year. The company had total operating revenues of $269 million, and total adjusted EBITDA of $71 million, repres...

Axa XL has promoted Kareen Richardson to head of healthcare in its Bermuda insurance excess casualty business. Ms Richardson, who has more than 27 years of experience in the insurance industry in both casualty/healthcare underwriting and broking role...

Analysts expect a strong financial year from Bermuda registered International General Insurance Co Ltd, fuelled by factors including excellent underwriting profitability. IGI and its subsidiaries have just had their excellent credit ratings affirmed ...

Some 40 businesses owned by women will offer products and services this week at the Women Owned Wednesday market at the Bermuda Athletic Association gymnasium. The event, which runs from 6pm until 9pm, is presented by WOMB (Women who Own and Manage B...

Mosaic Insurance is ramping up its global growth plan with the opening of an office in Frankfurt to meet high demand for cyber and transactional liability coverage through continental Europe. The office marks the sixth for the Bermudian-based global ...

CrossTower, the global crypto currency trading platform with an office in Bermuda, has agreed to acquire Bequant, a leading prime brokerage and digital asset exchange, for an undisclosed amount. The organisation also announced the launch of the first...

Conduit Re, the Class of 2020 Bermudian-based pure play treaty reinsurer, has appointed Peter Kiernan as head of property underwriting. Mr Kiernan, who is currently head of US property with Axa XL Reinsurance in Bermuda, will take up the role with Co...

Fidelis Insurance Holdings Limited has received all necessary regulatory approvals for a groundbreaking transaction that creates a new managing general underwriter separate from the existing balance sheet insurance companies. The privately owned Berm...

Cyber-risk modelling company DeNexus has hired Víctor Manuel Aguilar Gutiérrez to increase its reach in Europe, the Middle East and Africa. DeNexus, a California-based company with a new office in Bermuda, is a provider of cyber-risk quantification a...

UK business groups have told the government to halt the introduction of the controversial 15 per cent effective minimum corporate tax rate, the Financial Times has reported. They said Chancellor Jeremy Hunt’s plan to include it in the spring finance ...