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Valaris Limited has reported an operating loss of $24.7 million in the fourth quarter of 2021. The Bermudian-based offshore drilling company said the results compared with operating income of $3.1 million in the third quarter of the year. Valaris sai...

Bermudian-based Avance Gas Holding Ltd has reported a net profit of $32.1 million in fiscal year 2021. That figure compares to a net profit of $70.9 million in 2020. The company, which is engaged in the transportation of liquefied petroleum gas, had ...

One of Bermuda’s best known advertising and publicity agencies has rebranded as 2.0

Ariel Re, the Bermudian-based reinsurer, has partnered with charity advocate Fiona Dill to donate more than $16,000 to Bermudian families through the company’s employee giving campaign. Ariel Re said it matched the amount of money raised by its emplo...

Mark Adams has been appointed senior associate on the corporate & finance team of law firm MJM Limited. After qualifying in England and Wales in 2002, Adams acquired extensive international experience including corporate finance, M&A, advisory, restr...

A subsidiary of Bermudian-domiciled Monument Re Limited has completed the acquisition of AME Life Lux SA (Amell) from French mutual insurance group, Covéa. The company said the deal by Luxembourg-based Monument Assurance Luxembourg SA has received re...

Bermudian-based SFL Corporation Ltd, one of the world’s largest ship-owning companies, has agreed to make changes to the chartering and management structure of the harsh environment jack-up drilling rig West Linus. The company said the rig was delive...

An American issuer of fixed index annuities has set up a reinsurer in Bermuda. American Equity Investment Life Holding Company revealed the formation and licensing of AEL Bermuda Reinsurance Company in its fourth quarter and full-year 2021 earnings r...

One of the world’s largest insurance and reinsurance brokers, Aon, has joined the Association of Bermuda Insurers and Reinsurers (Abir). The association pointed out Aon’s significant and enduring presence in the Bermuda market for more than 50 years,...

Fitch Ratings has maintained its negative outlook on the ratings of SiriusPoint Ltd. (SPNT). Fitch affirmed SPNT ratings, including its BBB Long-Term Issuer Default Rating (IDR), BBB senior debt rating and A- (Strong) Insurer Financial Strength (IFS)...