6855 results returned for search: "" category "Business" author Business Staff
A subsidiary of the Abu Dhabi owned and operated RoyalJet Group has been granted an air operator certificate by the Bermuda Civil Aviation Authority, the company announced.
The granting of this certificate – the first AOC to be issued to the Group ou...
DATE: Aug 02, 2021
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CATEGORY:
International Business
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AUTHOR:
Business Staff
BMS Re, the independent reinsurance broker, has launched a Bermuda operation with the appointment of Adam Mullan as executive director.
Mr Mullan’s appointment is subject to necessary visa and regulatory requirements being met, the company said.
BMS ...
DATE: Aug 02, 2021
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CATEGORY:
Reinsurance
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AUTHOR:
Business Staff
Energy industry mutual, Bermuda-based Associated Electric & Gas Insurance Services Limited (AEGIS) has just had its credit rating affirmed by ratings agency AM Best.
Best said the outlook of the financial strength rating is stable, affirmed at A (Exc...
DATE: Aug 02, 2021
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CATEGORY:
International Business
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AUTHOR:
Business Staff
Top executives of Bermuda-based Conduit Holdings Ltd have declared their satisfaction with the interim results generated by the start-up operation, after a comprehensive loss of $12.4 million for the first six months.
The company is the parent of Cla...
DATE: Aug 02, 2021
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CATEGORY:
Reinsurance
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AUTHOR:
Business Staff
Bermudian-based Axis Capital Holdings Ltd has reported net income available to common shareholders of $228 million, or $2.67 per diluted common share, for the second quarter of the year.
That compares to net income available to common shareholders of...
DATE: Jul 28, 2021
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CATEGORY:
Reinsurance
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AUTHOR:
Business Staff
Bermuda-based Nabors Industries Ltd, the global oil and gas drilling contractor, has reported second quarter 2021 operating revenues of $489 million, compared to operating revenues of $461 million in the first quarter of 2021.
The net loss from conti...
DATE: Jul 28, 2021
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CATEGORY:
International Business
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AUTHOR:
Business Staff
A wholly-owned subsidiary of Bermuda-based insurer Enstar Group Ltd has signed an agreement with Royal & Sun Alliance Insurance Limited to provide adverse development cover for certain UK, Irish and other business of RSA and its subsidiaries, in exch...
DATE: Jul 28, 2021
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CATEGORY:
Reinsurance
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AUTHOR:
Business Staff
24 Exchange Bermuda Ltd has acquired New York-based technology and service provider 11B Technologies.
The Bermuda-based company operates the multi-asset class trading platform, 24 Exchange.
Dmitri Galinov, chief executive officer and founder of 24 Ex...
DATE: Jul 27, 2021
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CATEGORY:
International Business
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AUTHOR:
Business Staff
HSCM Bermuda is among the latest investors in an American flood specialist insurance company.
Tech-enabled MGA reThought Insurance has completed a $15.5 million Series A investment round that it says will help fund its rapid growth in the flood insur...
DATE: Jul 27, 2021
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CATEGORY:
International Business
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AUTHOR:
Business Staff
Bermuda-based Ardmore Shipping Corporation, which owns and operates product and chemical tankers, has reported a net loss of $8.1 million for the three months ended June 30, or 24 cents loss per basic and diluted share.
The company said the results i...
DATE: Jul 27, 2021
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CATEGORY:
International Business
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AUTHOR:
Business Staff
