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Seadrill Ltd’s board chairman has stepped down. Glen Ole Rødland had been chairman of the Bermudian-based offshore drilling outfit since November 2019. His resignation is effective immediately. Seadrill commenced Chapter 11 cases in Texas on February...

Bermuda’s trade surplus rose by $20 million to $248 million in the fourth quarter of 2020, but imports of goods and services dropped compared to the same October to December period in 2019. The current account surplus was the highest it has been sinc...

Bermudian-based insurance carriers are helping more Americans to become homeowners by providing the market with innovative mortgage solutions, the island’s re/insurance industry group said today. The Association of Bermuda Insurers and Reinsurers sai...

Two lawyers from the Bermuda office of law firm Appleby are among the speakers at the Transcontinental Trusts International Forum, a four-day event set to begin on Tuesday. The firm said the long-time fixture on the Bermuda business calendar will be ...

Bermudian-based Randall & Quilter Investment Holdings Ltd has completed the novation of four loss portfolio transfer agreements managed by Armour Risk Management Ltd previously in place between ILS P&C Re and various entities within the QBE Group. Th...

Bermudian-based offshore drilling outfit Seadrill Ltd has made two senior staff appointments, and a high-profile board appointment. The company said Grant Creed has been named chief financial officer and Leif Nelson has become chief operating officer...

The Ministry of Labour is to hold a virtual forum on Facebook Live to discuss the issue of bullying and sexual harassment in the workplace. Topics at the forum, to be held next Thursday at 6pm, will include what employers are doing to address bullyin...

Bermudian-based re/insurer Ascot has appointed Matthew Lillegard as group chief actuary. The company said Mr Lillegard will be responsible for leading the overall Ascot Group actuarial functions and will work in close collaboration with colleagues ac...

PartnerRe Ltd, the Bermudian-based global re/insurer, has appointed an independent voice to its board of directors. The company said António Horta-Osório has been appointed as an independent director, effective today, and will be chairman of the inve...

Bermudian-headquartered specialty re/insurer Hamilton Insurance Group Ltd has appointed Kevin Price as Head of Allied Medical for its US excess and surplus business. Reporting to Clay Rhoades, president, US E&S, the company said Mr Price joins this w...