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Monument Re’s Irish subsidiary, Monument Life Insurance DAC, has completed the acquisition of a closed-block portfolio of variable annuities from Athora Ireland plc, a wholly owned subsidiary of Athora Holding Ltd. The portfolio has been in run-off s...

Offshore drilling services leader Valaris Limited, the Bermuda exempted company, has been awarded new bareboat charter agreements with ARO Drilling for several jackups. ARO Drilling has signed contracts with Aramco for the same periods as the barebo...

Sydney Neal ACA is encouraging young Bermudians to follow her into accounting. She has just qualified herself, but she is already well-versed with the wide range of opportunities open to her. She has heard an earful of it from her family. Sydney grad...

The surge of interest in Bermuda as a jurisdiction for fintech business means that the island expects to see more investors and venture capitalists looking for new opportunities, particularly given Bermuda’s regulatory certainty and transparency. Thi...

Legacy (re)insurer acquirer, DARAG, today announced the conclusion of the second novation agreement with a leading Cayman reinsurer to provide finality for its US liability books. The transaction has been written into DARAG Bermuda Ltd. and is the s...

A popular East End restaurateur and tourism entrepreneur is cutting his staff of 36 by more than half next week as he anticipates depressing business in the first quarter of the year. While he is hoping to bring them back, The White Horse restaurant ...

The latest figures for retail sales continue a miserable trend with September’s retail sales down 3.8 per cent compared with last year, according to the Retail Sales Index (RSI) just released by the Cabinet Office. It was the third consecutive month ...

Aspen Insurance has increased its electronic footprint to simplify the business it does at Lloyd’s. The company said that to foster collaboration, save time and increase the ease of doing business, it has implemented the e-placing platform Whitespace...

Bermuda-registered Altamira Therapeutics Ltd has been setting up contracts with wholesalers in its lead market, Germany, covering more than 50 per cent of German pharmacies, as it begins its European rollout of Bentrio™, its nasal spray for protectio...

Bermuda’s reinsurers are facing European renewals and looking for real rate improvement in the year ahead after several years of increased catastrophe activity, significant losses and no opportunity to meet and exceed their cost of capital. And after...