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Borr Drilling Limited, the oilfield services company based in Bermuda, has reported a net loss of $165.3 million in the second quarter. That is an increase in loss of $114 million compared with the first quarter of 2022, mainly attributable to an imp...

Texas-based National Western Life Insurance Company has announced the execution of an annuity reinsurance transaction with Aspida Life Re Ltd, a Bermudian-based reinsurer. The transaction was effective July 1. The reinsurance transaction is a strateg...

An authority on cyberterrorism, a former US National Security Agency counterterrorism chief, is one of the special guests at the Bermuda Captive Conference in September. Rachel Wilson, managing director, head of wealth management data security and in...

Apex Group Ltd, the Bermudian-based global financial services provider, has expanded its digital banking services to provide an agile and responsive solution for institutional clients delivered by subsidiary European Depositary Bank. As business dema...

The Argus Group has appointed Janice Fernandes as the company secretary. She replaces the interim company secretary, Simon Giffen. Argus said Ms Fernandes will manage all corporate secretarial matters related to Argus Group Holdings Limited, ensuring...

White Mountains Insurance Group Ltd, the financial services holding company domiciled in Bermuda, has reported comprehensive losses attributable to common shareholders of $174 million and $143 million in the second quarter and first six months of 202...

Bermudian-based R&Q Insurance Holdings Ltd has reported an 82 per cent year-over-year increase in gross written premium for the first half of 2022. The non-life global specialty insurance company focusing on programme management and legacy insurance ...

The RG/BSX Index fell 2.19 points (0.09 per cent) to 2,380.11 after one issue – BF&M Ltd. – had 18,500 shares ($407,774) change hands. BF&M finished down 24 cents at $21.76. The Bank of N.T. Butterfield & Son Limited finished six cents (0.18 per cent...

Belco cashiers at the company's head office on Serpentine Road in Pembroke are to open late Tuesday due to a company meeting. Cashiers will open to customers at 10.30am. Belco said customers may still call customer care if they require assistance. Me...

Borr Drilling Limited, the Bermudian-based oilfield services company, has received a binding letter of intent for the premium jack-up drilling rig Prospector 5 from an undisclosed operator in West Africa. The six-well firm programme is expected to co...