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Martello Re Limited, the newly created life and annuity reinsurer based in Bermuda, has completed its first reinsurance transaction less than two months after launching. The announced transaction covers $14 billion of in-force fixed annuity and fixed...

Carey Olsen Bermuda was the most improved offshore law firm on the island, according to the 2022 edition of Chambers Global, the firm has announced. The firm said it is ranked in all legal practice areas under consideration by Chambers and Partners: ...

James River Group Holdings Ltd, the insurance holding company based in Bermuda, has reported net losses for the fourth-quarter and full year 2021. James River owns and operates a group of specialty insurance and reinsurance companies, including casua...

Sompo International Holdings Ltd, the Bermudian-headquartered global specialty provider of property and casualty insurance and reinsurance, has appointed Jon Hiller as senior vice-president, head of international casualty in the London market. He wil...

The Association of Bermuda International Companies (Abic) has expressed its concern that Bermuda will remain on a European Union grey list until October despite having done what was needed to satisfy the OECD’s Forum for Harmful Tax Practices (FHTP)....

CargoJet, “Canada’s cargo airline“, has apologised for the rash of delays and service interruptions that has left Bermuda importers in the lurch on more than one occasion recently. The company vowed to take steps to replace faulty jets used in its Be...

Bermudian-based Liberty Group Limited has appointed Azeem Khan as managing director of its wholly owned subsidiary, AG Holdings Limited. The company said Mr Khan is an operational executive with more than 20 years of experience in operations, busines...

Digicel and the Sargasso Group are teaming up for Pronto, a new joint venture, promoting innovation and technological development. Pronto offers shelf-stable grocery categories such as household care, snacks, personal care, and packaged foods along w...

Bermudian-based Teekay Tankers Ltd, one of the world’s largest owners and operators of mid-sized crude oil tankers, has reported losses for both the fourth-quarter and full fiscal year 2021. The company said its fourth-quarter GAAP net loss was $39.8...

Legacy specialist Darag Group, which has an operation in Bermuda, has appointed Andrew Pryde to the new role of group chief risk officer, subject to regulatory approvals. Based in London, Mr Pryde will report to group chief executive officer Tom Boot...