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Matt Lyne has commenced his role as senior vice-president and chief commercial officer at Valaris Limited, the Bermudian-based offshore drilling services company. Mr Lyne, who was appointed in May, previously served as chief commercial and strategy o...

It’s open house time for the new Economic Empowerment Zone hubs, as the Bermuda Economic Development Corporation aims for more accessibility. The BEDC has recently launched the fifth cohort of Enterprise Bermuda, the 12-month incubator programme, whe...

AM Best has downgraded the long-term issuer credit rating of Sompo International Holdings Ltd, the Bermudian-based re/insurer, from “a” (Excellent) to “a-” (Excellent). The agency said the downgrade is to harmonise the intermediate holding company cr...

The Association of Bermuda International Companies is promoting diversity, equity and inclusion within its membership. Abic’s Diversity and Inclusion Committee, formed in 2017, has worked at HR and C-suite levels to promote DEI and encourage positive...

The Bermuda Monetary Authority’s operational cyber-risk management code of conduct has come into force for banks and deposit companies on the island. The coming into force follows recent amendments to the Banks and Deposit Companies Act 1999, the BMA...

White Mountains Insurance Group Ltd, the Bermudian-domiciled financial services holding company, has announced the final results of its "modified Dutch auction" tender offer. Based on the final count by the depositary for the tender offer, the compan...

Bermudian-based Höegh LNG Partners LP, the floating liquefied natural gas service provider, has announced the completion of its previously announced acquisition by Höegh LNG Holdings Ltd. Höegh LNG acquired all of the outstanding common units of the ...

Ignite will commence the 6th cohort of the core accelerator programme October 4 with boot camp for 34 new members. The “Fuel Your Ambition Series” starts online October 19 for over 40 new members. Ignite Bermuda is the trade name of Bermuda Accelerat...

The venture capital arm of a Bermudian-based company has led a $15 million Series A funding round by the fintech company Inclined Technologies Inc. Inclined said it aims to democratise a $150 billion market by helping consumers to significantly enhan...

AM Best has upgraded the credit ratings of Ardellis Insurance Ltd, the Bermudian-based Class 3A insurer. The agency has upgraded the company’s financial strength rating to A (Excellent) from A- (Excellent) and the long-term issuer credit rating to “a...