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Bermudian-based offshore drilling company Seadrill Limited has entered into agreements that it says contemplates a plan of reorganisation that will raise $350 million in new financing and reduce the company's liabilities by more than $4.9 billion. Th...

Registration is now open for the third annual Bermuda Tech Summit, which will take place virtually October 13-15, the Bermuda Business Development Agency has announced. Centred on the theme “Transforming the Digital Landscape,” the BDA said the free ...

Jon Steffen has joined Bermudian-based Aspida Life Re Ltd as president. Aspida Re, a subsidiary of Aspida Holdings Ltd, was launched last December following the acquisition of F & G Reinsurance Ltd by Aspida, which is backed by alternative investment...

Sompo International Holdings Ltd has appointed insurance industry veteran Sarah Spurling to lead its Professional Lines business unit in Bermuda. The Bermudian-based speciality provider of property and casualty insurance and reinsurance said Ms Spurl...

After 25 years in business, the Bermuda Golf Academy, Driving Range and Mini Golf in Southampton will close in the first week of September, according to operator Richard Farge. He said a 20-year lease had previously expired but the tenancy was tempor...

Criminals exploited the cover of Covid-19 to use the “dark web” to commit fraud against local businesses, a top detective with the Bermuda Police Service has revealed. Detective Superintendent Nicholas Pedro said fraud-related numbers during the lock...

LOM Financial Limited have declared net earnings of more than $8 million for the six months ending June 30, on gross revenues of nearly $15 million. It is a substantial improvement over the same period last year when the company made just over a mill...

Bermuda-based re/insurers estimate they will incur gross claim losses of $2.7 billion as payments to United States policyholders/cedants to cover the damaging effects of Winter Storm Uri, which wreaked havoc in the southern region of the US, particul...

Bermudian-based RenaissanceRe Holdings Ltd has reported net income available to common shareholders of $456.8 million in the second quarter of 2021. The company reported this was down from $575.8 million in the same period in 2020. While the company’...

Software for organisations to transition their Accounts Payable workflow from a largely paper-based process to a digital one, has proven fit for purpose – and is now being rolled out to the local market. Bermudian software development company, Supato...