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Markets have improved in the fourth quarter, the leader of Bermuda-based Nordic American Tankers Ltd has told shareholders and investors in the oil tanker company. Herbjorn Hansson said that tanker markets have been down in 2021, including in the thi...

Butterfield’s banking centres in Hamilton, Somerset and St George have returned to regular operating hours — weekdays 9am until 4pm The bank said that more staff will be present to assist clients, enabled by the island’s steadily improving Covid-19 s...

Bermuda-based Assured Guaranty Ltd has declared a quarterly dividend of 22 cents per common share. The dividend is payable on December 1 to shareholders of record at the close of business on November 17. Assured is a publicly traded Bermuda-based hol...

Top broker Christina Allen has joined Oneglobal Bermuda as head of financial lines. She will report to group CEO Mike Reynolds when she officially joins the Hamilton office on January 4. The experienced financial lines broker’s recent position was di...

A new Bermuda reinsurance unit, with a capital markets emphasis, is being launched by the Howden insurance and reinsurance broking group, according to Artemis.bm. Artemis, the specialty capital and alternative (re)insurance market digital publish...

The $9-billion pending sale of Bermuda-based PartnerRe Ltd has attracted the attention of rating agencies, with both Moody’s Investor Services and AM Best making statements affirming existing ratings. Moody's affirmed their A1 insurance financial str...

AM Best has affirmed the financial strength rating of the long-term Bermuda captive of the International Association of Superintendents, a subsidiary of the Swiss organisation SGS SA. A Bermuda captive since 1978, Transmonde Services Insurance Compan...

Axis Capital Holdings Limited has declared that net income available to common shareholders for the third quarter of 2021 ended September 30 was $47 million, compared with a net loss of $73 million for the third quarter of last year. Pretax catastrop...

Bermuda-based financial services company Athene Holding Ltd was the lead investor in a combination of an automotive fleet-leasing and management company and an award-winning developer of innovative fleet-management technology solutions. Merging the h...

Moody's Investors Service has placed under review for upgrade Digicel Group Holdings Limited’s Caa2 corporate family rating, its Caa2-PD/LD probability of default rating, Caa3 senior secured rating and Ca senior unsecured ratings. Moody's has also p...