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Retail sales volume in Bermuda increased by 4.5 per cent in February as local businesses continued to benefit from a bump in on-island spending by residents. This compares to the previous year’s local retail sales, which reported a volume increase of...

Tom Albright is stepping down from his role as chief executive officer of Bermudian-based cryptocurrency exchange Bittrex Global (Bermuda) Ltd and Bittrex Global GmbH of Liechtenstein effective today, the boards of directors of the two companies have...

Bermudian-based reinsurer Ariel Re has made two appointments to its senior management team on the island. Mike Pedraja joins Ariel Re as group chief financial officer, and Tim Shreeve has been appointed as head of platform development. The appointmen...

Ratings agency AM Best has affirmed the financial strength rating of A+ (Superior) of the operating subsidiaries of Bermudian-based re/insurer PartnerRe Ltd. The agency also affirmed the long-term issuer credit rating of “aa-” of the operating subsid...

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...