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The Supreme Court will find out Wednesday afternoon just how sweet it is, the enhanced transaction terms offered by a unit of the Markel Group to buy out retrocessional reinsurance investment funds they are managing. The funds are already in run-off,...

Jean-Francois “Jeff” Bonnin has been appointed to the executive board of directors of SRT Marine Systems plc. He took on the role on February 3. SRT Marine Systems PLC is a global provider of next-generation integrated maritime domain and coastal su...

Laura Murphy is the third Bermudian doctor to join Somers Medical Services Ltd at Weldon House on Victoria Street. Owner and founder Joanna Sherratt-Wyer said: “We are thrilled to announce SMSL’s new ground-floor location, which provides greatly impr...

Sompo International Holdings Ltd, the Bermudian-based specialty provider of property and casualty re/insurance, announced today that New York-based Kimberly Iacocca has been promoted to senior vice-president and head of financial institutions for the...

Triton International Limited, the world’s largest lessor of intermodal freight containers, has reported net income attributable to common shareholders of $484.5 million for the 2021 fiscal year. The Bermudian-based company said that the figure includ...

Ardmore Shipping Corporation, the Bermudian-headquartered company that owns and operates product and chemical tankers, has reported a net loss of $38.1 million for fiscal year 2021. That compares with a net loss of $6 million in 2020. The company rep...

Bermudian-based Conduit Holdings Ltd has appointed Greg Roberts as group chief underwriting officer. Mr Roberts, whose appointment is subject to Bermuda immigration approval, takes over the role from Trevor Carvey, the group chief executive officer a...

The Bank of N.T. Butterfield & Son Limited has declared net profits for the year to December 31 of $162.7 million, up 10.5 per cent from 2020’s $147.2 million. The result came after net income in the fourth quarter of $41.7 million. Michael Collins, ...

Bermuda’s re/insurance industry has been singled out for how it managed the disruption of the Covid-19 pandemic. Praise came from Craig Redcliffe, EY partner and regional insurance leader, region of Bermuda, Bahamas, British Virgin Islands and Cayman...

The rise of insurtech is to feature in a panel discussion at next month’s Bermuda Risk Summit presented by the Bermuda Business Development Agency. The event, March 14-16, will be the island’s first major in-person risk event since 2019. Chris Maiato...