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Bermudian-based Signet Jewelers Limited, the world’s largest retailer of diamond jewellery, has agreed to acquire Diamonds Direct USA Inc in a $490 million deal. Signet said that Diamonds Direct is an off-mall, destination jeweller in the United Stat...

Mergers and acquisitions tax specialist Jon Hutchens has joined Bermuda-based Mosaic Insurance. Based in Virginia, Mr Hutchens has been appointed SVP, global head of tax, transactional liability, reporting to the unit’s global head, William Monat. Mr...

The board of directors of Bermuda-based White Mountains Insurance Group Ltd has elected Suzanne F Shank as a director of the company. Ms Shank is the president, CEO and co-founder of Siebert Williams Shank & Co LLC, a full-service investment banking ...

The RG/BSX Index closed unchanged at 2,571.66, with no activity on the Bermuda Stock Exchange. The Bank of Butterfield closed on the New York Stock Exchange down 14 cents (0.38 per cent) at $36.74. The BSX Insurance Index remained unquoted.

Arch Capital Group Ltd has estimated pre-tax net catastrophe losses of $330 million to $345 million across the company’s property casualty insurance and reinsurance segments in the third quarter of this year. The Bermuda-based specialty re/insurer sa...

Moody's Investors Service has revised the Bermuda-incorporated Weatherford International Ltd’s rating outlook from negative to stable and assigned a B3 rating to the company’s proposed $1.5 billion senior unsecured notes due in 2030. At the same time...

SiriusPoint Ltd, the Bermuda-headquartered global specialty re/insurer, has appointed Bobby Heerasing to the newly created role of head of international strategic business development. Mr Heerasing, who joins the company’s senior leadership team, wil...

Employment opportunities that could emerge as a result of Bermuda's growing technology sector should not be underestimated, a leading lawyer said today. Steven Rees Davies, a partner at Carey Olsen Bermuda Limited and an adviser to clients in the tec...

Richard Zuill has been promoted to sous chef at Hamilton Princess & Beach Club. A junior sous chef at the hotel since 2018, Mr Zuill will now oversee the restaurant at the Princess Beach Club at Sinky Bay. During the off-season, he will support the C...

There is an appeal from local and international business leaders encouraging residents to take protective measures against Covid-19. The statement said: “The local and international business communities strongly encourage everyone in Bermuda to activ...