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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 ...

Bermudian-based AK Jensen Group Ltd has announced the acquisition of NexGen Management Ltd by locally-based AKJt Holdings Ltd, an affiliated company. The Group is a provider of turnkey trading and infrastructure solutions for fund managers. The compa...

Appleby Global Services, the law firm’s specialist corporate and trust services provider, has celebrated its second year anniversary by announcing dramatic growth in the business. AGS, which provides a range of administration, reporting and fiduciary...

Trust and fiduciary service provider Meritus Trust Company Ltd has recruited Bermudian Gina Pereira for the newly-created role of philanthropic fiduciary director. Ms Pereira, the founder and chief executive officer of Dana Philanthropy, joined Merit...