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Teekay Tankers Ltd, the Bermudian-based owner and operator of mid-sized crude oil tankers, has returned to profitability. The company reported net income of $28.5 million in the second quarter of the year. That compares with a first-quarter loss of $...

Essent Group Ltd, the mortgage re/insurer based in Bermuda, has reported net income for the second quarter of $231.8 million. That compares with net income of $159.8 million for the same quarter a year ago. Mark A Casale, chairman and chief executive...

Palomar Holdings Inc, the parent company for subsidiaries including island-based Palomar Specialty Reinsurance Company Bermuda Ltd, has reported net income of $14.6 million for the second quarter. That compares with net income of $12.3 million for th...

HSBC Bermuda will be raising its base lending rate on residential mortgages and consumer loans for the first time since 2019. Effective October 4, it will raise its base rate for Bermuda dollar residential mortgages and consumer loans by 0.50 per ce...

Giovanni Hollis, a Bermudian university student, has been awarded the 2022 BFIS CG Insurance Alan Peacock Scholarship. The award is valued at $25,000 for two academic years, totalling $50,000. Mr Hollis is a junior at Northeastern University, pursuin...

Sarah Medeiros is the recipient of MJM Limited’s 2022 Legal Scholarship. Ms Medeiros was awarded the scholarship to a value of $10,000 to assist with her legal studies. The 2021 graduate of Mount Saint Agnes Academy is currently furthering her studie...

Apex Group Ltd, the Bermudian-based global financial services provider, has closed the £1.5 billion acquisition of Sanne Group plc, a leading global provider of alternative asset and corporate services. The close of the Sanne acquisition positions Ap...

Bermudian-registered Nabors Industries Ltd has recorded a net loss from continuing operations attributable to Nabors shareholders for the second quarter of $83 million. This compares to a loss of $184 million in the first quarter for the energy drill...

Convex Group Limited, the Bermudian-based international specialty re/insurer, has acquired a strategic 7.7 per cent share in Quotech, the underwriter-led insurtech that creates practical systems for specialty insurers, brokers and MGAs. Quotech annou...

SiriusPoint Ltd, the Bermudian-headquartered global specialty re/insurer, has reported a net loss of $61 million for the second quarter of the year. That result takes the company’s net loss for the first half of 2022 to $278 million. The company had ...