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Prominent firms from Bermuda’s international re/insurance community are participating in Dive In, the insurance industry festival promoting diversity and inclusion, September 21 to 23. A hybrid format to the event - themed ‘Active Allyship’ - makes t...

Bermuda-based Höegh LNG Partners LP has reported net income of $2.6 million for the second quarter of 2021. The floating liquefied natural gas service provider said that compares with net income of $19.7 million for the second quarter of 2020. Operat...

Bermuda-based Nordic American Tankers Ltd has concluded a contract for one of its Suezmax crude oil tankers. The international tanker company said the contract comes just over five weeks after the conclusion of another contract for a Suezmax ship tha...

Polaris Holding Company Ltd., parent company to Stevedoring Services Limited and East End Asphalt Company Limited, has reported more than a half million dollar loss for the 2021 fiscal year ended March 31. Polaris reported year-end losses of $511 tho...

The value of retail sales jumped 25.4 per cent in April, but largely because much of the island was locked down in the same month in 2020 during the pandemic. Wayne Furbert, the Cabinet Office minister, said the overall volume of local retail sales...

Bermuda recorded a first quarter 2021 balance of payments surplus nearly $100 million higher than for the same period the year before, Minister for the Cabinet Office Wayne Furbert has reported. In a press statement, the Minister said: “Bermuda’s tra...

HSCM Bermuda is among the investors in a $110 million Series C capital raise by DealerPolicy, the insurance marketplace for automotive retail. The US company said the financing round was led by the Growth Equity business within Goldman Sachs Asset Ma...

Bermuda-based Frontline Ltd, the oil tanker shipping company, has reported a net loss of $26.6 million, or 13 cents per basic and diluted share for the second quarter of 2021. The company reported an adjusted net loss of $23.2 million, or 12 cents pe...

Multi-line, specialty Bermuda reinsurer Ariel Re is establishing a Lloyd’s managing agent, Ariel Re Managing Agency (ARMA) to manage the business of Syndicate 1910 and SPA 6117 starting in early 2022, subject to regulatory permissions. Ariel Re chief...

Bermuda (re)insurers paid out $209.6 billion to United States policyholders and cedants for large catastrophes, property and casualty losses and life insurance claims during the five-year period from 2016 to 2020. This is according to commercial mark...