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Bermuda-based Valaris Limited, the offshore drilling services company, has been awarded a contract with Petrobras offshore Brazil for the drillship Valaris DS-4. The company said that the contract is for a minimum term of 548 days, and it is anticipa...

The RG/BSX Index closed unchanged at 2,635.61 after two issues traded on the Bermuda Stock Exchange, representing 27,436 shares, valued at $556,408. Argus Group Holdings closed unchanged at $5.95 after 15,200 shares changed hands. Bank of Butterfield...

Roy and Gena Dennison are victims of their own success. In the two years they have been running Happy Van Imports, demand has been sky high for their commercial vehicles imported second-hand from Japan. “We have reached our saturation point,” Mr De...

Fitch Ratings believes that tax advantages held by Bermuda (re)insurers will eventually be reduced as a result of the 15 per cent global minimum tax. But Bermuda will remain favoured as an insurance domicile and the agency will hold off on any ratin...

Cole Simons, the Leader of the Opposition and shadow finance minister, is suspicious of government use of a little-known rating agency to complete a report on Bermuda. In a statement responding to last week’s announcement releasing the Kroll Bond Rat...

Abigail Clifford has been appointed president and group chief operating officer, and CEO designate of the BF&M group of companies. A date for the transition has not been set and John Wight remains group chairman and CEO. The company said that the sel...

Most people will never win an Olympic gold medal like Flora Duffy, but if you are quick on your feet you may taste gold, thanks to Gosling’s Limited. Its new Goslings Flora Duffy Gold “represents the sweet taste of victory after years of hard work”. ...

Bermuda-based Citadel Reinsurance Company Limited has received a $25 million balance sheet cash injection from parent company Citadel Risk Group. The group also injected $10 million into the balance sheet of New Jersey-based American Millennium Insur...

Just before a significant milestone, the Bermuda-headquartered international financial services organisation LOM Financial Group has undergone a rebrand. Approaching three decades in business, and now with offices also in the Bahamas, Cayman and the ...

Bermuda-based Mosaic Insurance has extended its war, terrorism and political violence coverage to offer up to $600 million per risk. The global specialty insurer said that the increased capacity allows the company to serve clients via domestic US or ...