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Neville Grant has been appointed chief executive officer of Bermuda Commercial Bank. The appointment was made at this month’s meeting of the company’s board of directors. Following a “successful transition period”, Mr Grant will step into the CEO...

Bermuda-headquartered Allied World’s improved profitability and capitalisation has led Moody's Investors Service to upgrade the insurance financial strength (IFS) ratings of the company’s insurance operating subsidiaries (collectively, Allied World) ...

Bermudian-based Borr Drilling Limited, the oilfield services company, has secured a contract for the premium jack-up drilling rig Norve with BW Energy for work in Gabon. The company said the contract was expected to commence in the second half of 202...

The international business of a global insurer, including its Bermuda reinsurer, has faced underwriting deficiencies and catastrophe losses in recent years, together with regulatory solvency breaches and governance issues, according to AM best. It le...

Everest Re Group Ltd and its board of directors have extended the employment agreement of president and chief executive officer Juan C Andrade. The global re/insurer said the extended agreement runs through the end of 2023 with automatic annual exten...

The Argus Group has announced the appointment of Aderonke Bademosi Wilson as the chief communications officer. Ms Wilson has been the director of the Government’s communications department. The company said that in leaving government, she will be re...

Ratings agency AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit ratings of “a-” (Excellent) of Bermudian-based Canopius Reinsurance Limited and Canopius US Insurance Inc of Delaware. Both entities a...

Three important achievements in 2021 helped to mark the 30th year of the Bermuda branch of the Institute of Directors, the organisation said today. The island’s leading resource for professionalism and excellence in boardrooms across all sectors of t...

The Bermuda International Long-Term Insurers and Reinsurers organisation has gifted 750 copies of a book to all P4 students in 27 schools across the island. The gift is part of the tenth-anniversary celebration for Biltir, which represents 63 long-te...

As Mosaic Insurance nears the end of its first full year of business, the company is launching an online brand-awareness campaign featuring co-CEOs Mitch Blaser and Mark Wheeler. The campaign highlights a growing team of talent and six specialty busi...