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Maiden Holdings Ltd has reported it turned a fourth quarter profit of $47.7 million, compared to a net loss of $21.5 million a year earlier. The company said operating earnings were $45 million compared to an operating loss of $3.5 million for the sa...

Independent specialist insurance and reinsurance broker Miller is to set up a new platform in Bermuda. The company said the office will be led by industry veteran Charlie Simpson, who joins Miller as Head of Bermuda. Miller said Mr Simpson will conce...

Bermudian-registered shipping and logistics company Ocean Wilsons Holdings Ltd reported profits after tax dropped 21.3 per cent or $13 million to $48 million in 2020, principally due to the impact of foreign exchange losses and increased income tax. ...

PartnerRe Ltd has raised $200 million through the issue of eight million 4.875 per cent preferred shares. The Bermudian-based re/insurer said 4.875 per cent fixed rate non-cumulative redeemable preferred shares, Series J have a liquidation value of ...

A subsidiary of Bermudian-based re/insurer Arch Capital Group has launched a new transport and logistics insurance division, which will be based in London. ACG subsidiary Arch Insurance International said the unit will be led by insurance veteran St...

Corporate services company Ocorian has named Damian Resnik as its new managing director in Bermuda. Mr Resnik joined the group in June 2019 as client and operations director. A statement said Mr Resnik will continue to build on Ocorian’s presence in ...

Bermuda-based Borr Drilling Ltd. last week reported a loss of $46.7 million in its fourth quarter. On a per-share basis, the company said it had a loss of 22 cents. The Associated Press said The oilfield services company posted revenue of $60.2 milli...

A UK-based specialist motorist insurer which has already backed a Lloyd’s of London syndicate plans to launch a Bermuda-based vehicle and an insurance linked securities manager on the island. ERS announced a $350 million capital raise led by Abry Pa...

Butterfield Bank has added to the prizes offered in its Mastercard ‘Perks’ Campaign, including a four-night stay at the new St Regis Bermuda Resort, in St George’s. The bank said the promotional campaign supports local merchants and the economy by en...

Consumer confidence in the real estate market in the fourth quarter of 2020 was the best it has been in more than five years, an end-of-year report by Rego Sotheby’s International Realty has revealed. Buddy Rego, president of the company, said: “The ...