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Risk, capital and strategic adviser to the (re)insurance industry, TigerRisk Partners LLC, has appointed Mitchell Rosenberg as partner and managing director of its investment banking division, TigerRisk Capital Markets & Advisory. Mr Rosenberg will r...

Everest Reinsurance, the reinsurance division of Bermudian-based Everest Re Group Ltd, has appointed Kevin Bogardus as senior vice-president, head of business development Asia Pacific, effective September 8. He will be based in Singapore and report t...

Avance Gas Holding Ltd, the Bermudian-based company engaged in the transportation of liquefied petroleum gas, has reported a net profit of $18.4 million in the second quarter of the year. That compares to a net profit of $24.3 million in the first qu...

The provisional liquidators of a defunct bakery have offered to sell it, a published legal notice has advised. The operators of the Cake Shop at 17 Curving Avenue, Pembroke, notified customers at the end of April that the business was closing down. A...

Darag Group, the international legacy acquirer, has concluded a new agreement with an undisclosed captive insurance company. The transaction structure was a novation of its 03-06 and 15/16 policy years with primarily workers’ compensation reserves, a...

Sompo International, the Bermudian-based global provider of commercial and consumer property and casualty re/insurance, has sold its Endurance at Lloyd’s run-off business to RiverStone Holdings Limited (RiverStone International). Sompo said that it e...

The value of global investments into insurtech plummeted by nearly 80 per cent in 2021, a report by London-based data and analytics company GlobalData Technology has revealed. The organisation said the 79.6 per cent drop in investments last year has ...

Bacardi, the Bermudian-based global spirits company, has launched Bacardi Reserva Ocho Rye Cask Finish, the second instalment in the brand’s limited-edition cask finish series. The new aged rum offering rolls out this month as part of the brand's fiv...

Vincent Darrell has won the 2022 Sheila Nicoll Argus Award, a $15,000-a-year scholarship, granted annually for three years. The Argus Group said Mr Darrell will begin his degree in business management and marketing at Solent University, UK, in Septem...

Aspiring entrepreneur Antoine Jones was the big winner as the Bermuda Economic Development Corporation celebrated the conclusion of the fifth annual Summer Student Entrepreneur Programme with an awards and graduation ceremony. In addition to the mone...