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A joint venture involving Bermudian-based offshore drilling outfit Seadrill Ltd has secured a contract for a project in Angola. The company said the contract has been secured by Sonadrill Holding Ltd, the 50:50 joint venture with an affiliate of Sona...

Mosaic Insurance, the Bermudian-based global specialty insurer, has appointed Finn McGuirk to lead its political risk business. The company said the experienced Lloyd’s of London specialty underwriter will serve as SVP, head of political risk, respon...

Resolution Life Group Holdings LP, the Bermudian-based exempted limited partnership, has raised a further $1.6 billion of capital to support its growth. Resolution Life said the capital raised will be used to advance the group’s growth strategy throu...

Bermudian-based SFL Corporation Ltd, one of the world’s largest ship-owning outfits, has reported profit of $31.5 million in the first quarter. SFL reported operating revenue of approximately $109.1 million. The company received charter hire of appro...

Bermudian-based Conduit Holdings Ltd, the parent company of new class 4 reinsurer Conduit Re, has reported gross premiums written of $82.6 million in the first quarter. The company, part of the Class of 2020 start-ups on the island, reported estimate...

A subsidiary of Bermudian-based holding company Monument Re Ltd has acquired a life insurance company with a market presence in Luxembourg, Belgium and Italy. Monument Assurance Luxembourg will acquire AME Life Luxembourg from French mutual insurance...

A gift shop that caters to the tourist trade is seeking vendors with locally-made or Bermuda-themed merchandise. Oceans Gift Shop at the Bermuda Underwater Exploration Institute said it wishes to showcase the items in its outlet this summer. Barb Jon...

The Bermuda Stock Exchange has joined the United Nations Sustainable Stock Exchanges initiative as a partner exchange. The BSX said the SSE initiative is a peer-to-peer learning platform for exploring how exchanges, in collaboration with investors, r...

Bermudian-based Maiden Holdings Ltd has reported first quarter net income of $71.7 million, or 83 cents per common share. That compares to a profit of $20.9 million in the first quarter of 2020. LawrenceMetz, president and co-chief executive officer ...

Bermudian-based global re/insurer PartnerRe Ltd has reported a net loss of $66 million for the first quarter. The company said the result was driven by $344 million of net unrealised losses on fixed maturities due to risk-free rate movements which ar...