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Borr Drilling Limited, the Bermuda-based oilfield services company, has secured a Letter of Award for the premium jack-up drilling rig "Gunnlod" from an undisclosed operator in Malaysia. The company said the programme is expected to commence in the f...

Bermuda-based Maiden Holdings Ltd has reported second quarter net income available to common shareholders of $26.8 million, or 31 cents per diluted common share, compared to net income of $9.2 million, or 11 cents per diluted common share, in the sec...

Bermudian students Kathryn Mason and Owenea Roberts have been awarded scholarships to assist with their studies towards careers in accounting. Ms Mason has been awarded the KPMG Scholarship, valued at $20,000 per annum, and Ms Roberts is the recipien...

A subsidiary of Bermuda-headquartered global specialty insurer SiriusPoint Ltd has appointed a new chief executive officer. Steve Paraboschi takes on the top job at International Medical Group, the international medical insurance, global assistance a...

Improved market conditions and an expanded fleet have prompted Bermuda-based dry bulk shipping company Golden Ocean Group Ltd to terminate a joint venture entered into five years ago. The relationship with Capesize Chartering Ltd coordinated the Cap...

The net asset value per share of the financial services investment holding company, Somers Limited, has climbed from $19.78 at September 30 to $31.18 in the nine months to June 30. Shareholders’ equity improved a staggering 60.9 per cent from $422.1 ...

More than 100 registrants viewed the first Bermuda Angle Webinar presented by the Bermuda Business Development Agency, the organisation reported today. The BDA said top takeaways from the virtual event, which is now available for viewing on the organ...

A Bermuda run-off reinsurer that originated through various legacy reinsurance transactions with former majority shareholder, American International Group, Inc. (AIG), has been assigned a stable financial strength rating of A (Excellent) and stable l...

Acrisure Re, the insurance broking and capital risk advisory firm with an office in Bermuda, has launched a Florida operation with the appointment of Craig Darling as EVP and Office Head. The company said Mr Darling is based in Melbourne, Florida and...

Bermuda-based offshore drilling company Seadrill Limited has reached a settlement agreement with Northern Ocean Ltd predominantly with respect to balances outstanding from Seadrill's preparation of the West Mira and West Bollsta rigs in the North Sea...