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Bermuda-based Signet Jewelers Limited, the world's largest retailer of diamond jewellery, has finalised its acquisition of Diamonds Direct USA Inc for $490 million in cash. The company said that this reflects approximately a 1.1x multiple on annualis...

SiriusPoint Ltd, the Bermuda-headquartered global specialty re/insurer, has appointed Andreas Kull as chief risk officer, effective March 1. The company said Mr Kull will be responsible for overseeing SiriusPoint’s enterprise-wide risk management str...

Lloyd’s CEO John Neal described his visit to the island this week as very valuable and said that Mosaic Insurance helped make it all happen. (See related story.) Launched in February, Mosaic was founded with a wholly-owned Lloyd’s Syndicate, 1609, a...

Bermuda-based fintech company StableHouse has announced the early-access launch of its regulated and licensed digital assets platform, which allows users to begin trading and investing in a wide range of cryptocurrencies and stablecoins. StableHouse,...

One Communications has expanded the benefits of its Carry-On Roaming mobile product, with US-bound customers receiving unlimited data roaming for the first time. For the same $8/day, all postpaid customers will now have access to unlimited data in th...

Sompo International Holdings Ltd, the Bermuda-based specialty provider of property and casualty insurance and reinsurance, has expanded its partnership with Praedicat, the US-headquartered liability emerging risk analytics company. Sompo said that it...

CrossTower, the exchange operator licensed by the Bermuda Monetary Authority, has reported record trading volumes in October of $587 million. The company, which has offices in Bermuda, the United States and India, added that it has posted more than $...

Markel Corporation is to wind down Bermuda-based Lodgepine Capital Management Limited, the company’s retrocessional insurance-linked securities fund manager. The company said that it has entered into a consultation period with Lodgepine's 18 employee...

Bermuda-based Flex LNG Ltd, the liquefied natural gas shipping company, has reported net income of $33 million for the third quarter. The company reported earnings per share of 62 cents. Those figures compare with net income of $12.7 million and earn...

One Communications, Bermuda’s Tier 1 business solutions provider, is expanding its business solutions on offer. The company said that it is now providing clients with a full range of end-to-end IT solutions, including networking and connectivity, IT ...