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Bermudian-based Valaris Ltd, the offshore drilling services outfit, has been awarded a three-year contract with Chevron in the US Gulf of Mexico. The company said the contract is for drillship Valaris DS-18 (Relentless). Valaris said the contract is ...

Industry veteran Sven Wehmeyer has been promoted to the position of executive vice president, head of international, at Bermudian-based Validus Re, the reinsurance arm of AIG. The appointment was effective June 1. Based in Bermuda, Mr Wehmeyer will a...

The Bermuda Business Development Agency is to host a climate risk finance seminar on June 23 in association with Rims, the risk management society. Roland Andy Burrows, chief executive officer of the BDA, said the online seminar will feature climate ...

Keitha Caines has been appointed director of finance, data and administration at the Bermuda Economic Development Corporation. The BEDC said Mrs Caines was selected to join the organisation’s executive management team after a competitive interview pr...

Gallagher has appointed Tom Wakefield as chief executive officer of its reinsurance business, Gallagher Re, subject to regulatory approval. The company said Mr Wakefield will take over the role from current CEO Simon Behagg, who will transition to th...

A company that has applied for a digital asset business license in Bermuda has won a pitch competition at the Bitcoin 2021 conference in Miami. 24 Exchange Bermuda Ltd said it was selected as one of 12 finalists from more than 140 applicants as a sho...

Canopius Group has launched its algorithmic underwriting platform, Vave, as an managing general agent. Devised and developed in-house, the company said Vave began trading in May 2019, and has since quoted on more than 1.2 million risks, representing ...

Andrew Rippert has joined Aspen Insurance Holdings Ltd, the Bermudian-based re/insurer, in the newly created role of EVP, head of mortgage. Aspen said Mr Rippert joins the company with more than 20 years’ experience in shaping and building global mor...

Nine entrepreneurs working to launch, develop and further grow their businesses are engaged in the fourth cohort of the Enterprise Bermuda Incubator programme presented by the Bermuda Economic Development Corporation. The free programme, launched by ...

A subsidiary of Bermudian-based Enstar Group Ltd has completed a loss portfolio transfer with Hiscox Ltd, the global specialty insurer headquartered on the island. The company said Enstar Syndicate 2008 has reinsured a diversified portfolio of legacy...