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Funds managed by Wafra Inc, the global alternative asset manager with a presence in Bermuda, have acquired a strategic minority ownership interest in Thompson Street Capital Partners. Thompson Street is a leading middle-market private equity firm bas...

Milliman Inc, the Seattle-based global consulting and actuarial firm, has opened an office in Bermuda. The company said its expertise had long been relied upon by companies operating in Bermuda, as well as global clients with interests on the island....

Bermudian-based Signet Jewelers Limited, the world's leading retailer of diamond jewellery, has signed a definitive agreement to acquire Blue Nile Inc, an online retailer of engagement rings and fine jewellery, for $360 million in an all-cash transac...

Borr Drilling Limited, the oilfield services company based in Bermuda, has reported a net loss of $165.3 million in the second quarter. That is an increase in loss of $114 million compared with the first quarter of 2022, mainly attributable to an imp...

Apex Group Ltd, the Bermudian-based global financial services provider, has expanded its digital banking services to provide an agile and responsive solution for institutional clients delivered by subsidiary European Depositary Bank. As business dema...

Borr Drilling Limited, the Bermudian-based oilfield services company, has received a binding letter of intent for the premium jack-up drilling rig Prospector 5 from an undisclosed operator in West Africa. The six-well firm programme is expected to co...

Bermudian-based Teekay Corporation has reported net income attributable to shareholders of Teekay of $5.3 million in the second quarter. That compares with a profit of $888,000 in the first quarter of the year and a loss of $1.8 million in the second...

Sun Life International has launched Sun Global Aurora, a savings-oriented indexed universal life product. The company said it was aimed at high-net-worth clients looking to diversify, protect and grow their assets by buying a life insurance contract ...

Teekay Tankers Ltd, the Bermudian-based owner and operator of mid-sized crude oil tankers, has returned to profitability. The company reported net income of $28.5 million in the second quarter of the year. That compares with a first-quarter loss of $...

Apex Group Ltd, the Bermudian-based global financial services provider, has closed the £1.5 billion acquisition of Sanne Group plc, a leading global provider of alternative asset and corporate services. The close of the Sanne acquisition positions Ap...