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AM Best has affirmed the financial strength rating of B+ (Good) and the long-term issuer credit rating of “bbb-” (Good) of island-based Orion Reinsurance (Bermuda) Ltd. The outlook of these credit ratings is stable. The agency said that the ratings r...

AM Best has revised the outlooks to positive from stable and affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit ratings of “a-” (Excellent) of Denver-headquartered Oceanview Life and Annuity Company and its reins...

A successful business owner in today’s environment knows all too well that sometimes a pivot is required to move their enterprise forward. So it is at FryDays Market in Hamilton’s Bermudiana Arcade, which has been transformed by owners Mstira Weeks a...

Bermuda will hold a climate-risk finance conference early in the new year, hosting 90 of the world’s thought leaders in the field. This was by revealed by Bermuda Business Development Agency chief executive officer David Hart, who has pencilled in t...

Bidzina Ivanishvili, the billionaire and former prime minister of Georgia, gifted $1 million to rogue Credit Suisse banker Patrice Lescaudron — a man who defrauded his clients for a decade and later was imprisoned for his crimes. The disclosure was m...

The RG/BSX Index closed unchanged at 2,666.40, with just 19 shares ($104.50) trading in one issue, Argus Group Holdings Ltd. Argus closed unchanged at $6.05 on the Bermuda Stock Exchange. The BSX Insurance Index remained unquoted. On the New York Sto...

Bermuda-based offshore drilling company Seadrill Limited has announced that a new, independent, seven-member board of directors will assume leadership of the new parent company of the Seadrill group upon emergence from Chapter 11. The company said th...

Bermuda-based Apex Group Ltd has become one of the first global fund administrators to receive regulatory approval to operate in India’s Gujarat International Finance Tec-City International Financial Centre. Apex said that GIFT City is a planned inte...

Bermuda-based Signet Jewelers Limited, the world's largest retailer of diamond jewellery, has finalised its acquisition of Diamonds Direct USA Inc for $490 million in cash. The company said that this reflects approximately a 1.1x multiple on annualis...

SiriusPoint Ltd, the Bermuda-headquartered global specialty re/insurer, has appointed Andreas Kull as chief risk officer, effective March 1. The company said Mr Kull will be responsible for overseeing SiriusPoint’s enterprise-wide risk management str...