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Ten infrastructure projects awarded under Government’s short-term economic stimulus programme are complete while a further 11 are ongoing, the House of Assembly has been told. Wayne Furbert, the Acting Minister of Public Works, said awards to compani...

Science-based climate targets set by international professional services firm PwC have been validated by a leading environmental organisation. Announcing their validation by the Science Based Targets initiative, PwC said it reaffirmed the firm’s comm...

SiriusPoint Ltd, the Bermuda-headquartered global specialty re/insurer, has agreed to a strategic partnership with Vouch Insurance, the fully-digital business insurance platform for start-ups. SiriusPoint said it is providing multiyear underwriting c...

Apex Group Ltd, the Bermuda-based global financial services provider, has been appointed to provide fund administration and accounting services to US Gold Opportunity Fund LP. Apex said USGO is a qualified opportunity fund that offers investors a sim...

Bermuda (re)insurers paid out $35.2 billion to UK policyholders and cedants for large catastrophes, property and casualty losses and life insurance claims during the five-years from 2016 to 2020. This information is gleaned from the United Kingdom Da...

Six Bermudian trainee servers have graduated from an intensive food and beverage training programme at Hamilton Princess & Beach Club, receiving certificates and the promise of future work with the hotel. The Princess said three of the trainees – Ber...

Bermuda-based Golden Ocean Group Limited, one of the world's largest listed dry bulk ship owners, has ordered the construction of three high-specification latest generation 85,000 dwt ECO-type Kamsarmax vessels. The company said the vessels, which wi...

SiriusPoint Ltd, the Bermuda-headquartered global specialty re/insurer, has more than doubled its previously disclosed estimated third quarter losses arising from the European floods in July. Severe flooding occurred in Germany’s North Rhine-Westphal...

Axis Insurance, the specialty insurance business segment of Bermuda-based Axis Capital Holdings Limited, has made three appointments within its US Renewables team, effective immediately. The company said Becky Nace-Grover joins Axis as a senior under...

The holding company for a Bermuda-based reinsurer has entered the fronting sector of the United States insurance market. California-based Palomar Holdings, Inc, an AM Best rated “A-IX” specialty insurer, said its fronting business, known as PLMR-FRON...