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Bermudian-based Ascot Group, the global specialty re/insurer, has launched a new US Marine Insurance structure under the leadership of Tom Nasso, its executive vice-president. The company said that the new insurance division will combine Ascot’s US O...

Valaris Limited, the Bermudian-based offshore drilling services company, has announced new contracts and contract extensions with associated contract backlog of $466 million. Contract backlog excludes lump-sum payments such as mobilisation fees and c...

Axa XL Reinsurance has appointed Peter Kiernan as head of US property, Bermuda reinsurance. Mr Kiernan, who will be based on the island, replaces Simon Penney, who has relocated to London to take up a new global role as head of underwriting analytics...

Paul O’Shea, president of Enstar Group Limited, is to retire next March after 28 years serving the company and its predecessor, Castlewood Limited. The Bermudian-based insurer said Mr O’Shea will remain as a member of the board of directors of Enstar...

The RG/BSX Index closed unchanged at 2,232.30 as no shares changed hands. On the New York Stock Exchange, shares of Bank of N.T. Butterfield closed at $32.12, up $1.18, or 3.81 per cent.

Mosaic Insurance has been recognised for its ground-breaking insurtech platform that is innovating risk management, streamlining industry processes and improving operational efficiency. The Bermudian-based specialty insurer was named Midsize Property...

Miami International Holdings Inc, the parent holding company of the Bermuda Stock Exchange, has won a patent case against Nasdaq. MIH said that the United States District Court for the District of New Jersey has entered a stipulation and order in Nas...

Bermuda-based financial solutions provider Emergence is joining BlackLine’s global Solution Provider Partner Programme to meet increasing demand from clients for accounting automation software solutions. Emergence said the collaboration will help fi...

As the Government continued ongoing debt management efforts, it announced the commencement of offers for the purchase of its senior notes. It involves an offer to buy the outstanding 4.138 per cent senior notes due in 2023 and the 4.854 per cent seni...

The Bermuda Monetary Authority has issued a public warning regarding Renfrew Capital Management. The BMA said Renfrew is operating a website at http://renfrewcapitalmgmt.co/ that appears to offer investment services from Bermuda and Ireland. The isla...