6854 results returned for search: "" category "Business" author Business Staff
Enstar Group Limited, the global insurance group based in Bermuda, has reported consolidated net earnings of $437 million for fiscal year 2021.
That compares to consolidated net earnings of $1.7 billion in 2020.
The company said key drivers of net ea...
DATE: Feb 28, 2022
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CATEGORY:
Reinsurance
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AUTHOR:
Business Staff
Alaina Cubbon has joined Elementum Bermuda in the position of vice-president, portfolio management on the organisation’s investment team.
The alternative investment manager specialising in collateralised natural catastrophe event reinsurance investme...
DATE: Feb 28, 2022
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CATEGORY:
International Business
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AUTHOR:
Business Staff
Nordic American Tankers Limited, the Bermudian-based oil tanker company, has reported a net loss of $21 million in the fourth quarter of 2021.
The adjusted EBITDA was $1.9 million.
The net loss for the previous quarter was $44.6 million, with an adju...
DATE: Feb 25, 2022
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CATEGORY:
International Business
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AUTHOR:
Business Staff
SiriusPoint Ltd, the global insurer and reinsurer based in Bermuda, has reported net income of $44.6 million in fiscal year 2021.
That result is despite a net loss of $140.3 million in the fourth quarter of the year.
The company reported net income o...
DATE: Feb 25, 2022
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CATEGORY:
Reinsurance
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AUTHOR:
Business Staff
Members of Bermuda’s entrepreneurial and entertainment communities are encouraged to apply for opportunities available during SailGP, which will hold its season three opening event in Bermuda, May 14-15.
The Bermuda Economic Development Corporation h...
DATE: Feb 25, 2022
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CATEGORY:
Local Business
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AUTHOR:
Business Staff
The leaders of Conduit Holdings Limited remain optimistic despite a comprehensive loss of $42 million by Conduit Re in its first year of operation.
Preliminary results released today by the Bermudian-based global reinsurer report an underwriting loss...
DATE: Feb 25, 2022
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CATEGORY:
Reinsurance
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AUTHOR:
Business Staff
Aanika Biosciences, an emerging American biotech company using microbial-based technologies to protect the safety and security of our food system, has been accepted into the Bermuda Monetary Authority’s Innovation Hub.
The company said the programme ...
DATE: Feb 25, 2022
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CATEGORY:
International Business
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AUTHOR:
Business Staff
Rego Sotheby’s International Realty has announced that the Sotheby’s International Realty global network achieved a record $204 billion in 2021 global sales volume.
That was a 36 per cent increase in sales growth year-over-year, as US cities saw a re...
DATE: Feb 24, 2022
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CATEGORY:
International Business
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AUTHOR:
Business Staff
Bacardi, the drinks giant based in Bermuda, has achieved the internationally recognised “Great Place to Work” certification at its 23 production sites across ten countries worldwide.
The company’s global operations team of almost 4,000 employees prai...
DATE: Feb 24, 2022
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CATEGORY:
International Business
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AUTHOR:
Business Staff
On the same day that it emerged from a chapter 11 bankruptcy process, Bermudian-based offshore drilling company Seadrill Limited has reported a net profit of $18 million in the second half of 2021.
That compares with a $605 million loss in the first ...
DATE: Feb 24, 2022
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CATEGORY:
International Business
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AUTHOR:
Business Staff