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The Bermuda operation of insurance broker Ed has developed a new front-end client portal, and within that has launched a digital wage and hour product in conjunction with Bermudian-based Argo Group. The global reinsurance, wholesale and specialty bro...

Legacy specialist DARAG Group Ltd has appointed Ciaran Russell as senior actuary in DARAG North America, the company’s Bermuda and US arm. The company said Mr Russell, who is based in Bermuda, worked most recently as an actuary at ILS Investment Mana...

Bermudian-headquartered Textainer Group Holdings Ltd elected two directors to its board and bid farewell to one at the annual meeting of shareholders. The company, one of the world’s largest lessors of intermodal freight containers, welcomed James Ea...

Bermudian-based Valaris Ltd, the offshore drilling services outfit, has been awarded a one-well contract with Total E & P Côte d'Ivoire B.V. offshore Ivory Coast. The contract for the drillship Valaris DS-12 is expected to commence in the third quart...

The parent company of Belco has a new name. Ascendant Group Limited, also the parent of AG Holdings Limited, will operate under the name Liberty Group Limited, effective today. Liberty is the regulated services group of Algonquin Power & Utilities Co...

Billionaire shipping magnate John Fredriksen has stepped down as chairman and president of Bermudian-headquartered Frontline Ltd, one of the world’s largest oil tanker shipping companies. Ola Lorentzon has been appointed chairman of Frontline, succee...

Borr Drilling Ltd, the Bermudian-based oilfield services company, has reported a net loss of $58.1 million for the first quarter. That result follows a loss of $46.7 million in the fourth quarter of 2020, and an overall loss last year of $305.2 milli...

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...