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Billionaire shipping magnate John Fredriksen has stepped down as chairman and president of Bermudian-headquartered Frontline Ltd, one of the world’s largest oil tanker shipping companies. Ola Lorentzon has been appointed chairman of Frontline, succee...

Borr Drilling Ltd, the Bermudian-based oilfield services company, has reported a net loss of $58.1 million for the first quarter. That result follows a loss of $46.7 million in the fourth quarter of 2020, and an overall loss last year of $305.2 milli...

Seadrill Ltd’s board chairman has stepped down. Glen Ole Rødland had been chairman of the Bermudian-based offshore drilling outfit since November 2019. His resignation is effective immediately. Seadrill commenced Chapter 11 cases in Texas on February...

Bermuda’s trade surplus rose by $20 million to $248 million in the fourth quarter of 2020, but imports of goods and services dropped compared to the same October to December period in 2019. The current account surplus was the highest it has been sinc...

Bermudian-based insurance carriers are helping more Americans to become homeowners by providing the market with innovative mortgage solutions, the island’s re/insurance industry group said today. The Association of Bermuda Insurers and Reinsurers sai...

Many of us have, one might say, a supreme confidence in our invincibility in the face of calamity. It is called optimism bias, as in “bad luck events happen to other people, but not to us”. Optimism bias exists across the human global spectrum – tra...

Butterfield Bank remained unchanged on $37.25 on the Bermuda Stock Exchange as 276 shares changed hands on Thursday. The Royal Gazette/BSX Index closed unchanged on 2,557.29. The BSX Insurance Index rose 27.81 points, or 1.6 per cent, to close on 1,7...

Two lawyers from the Bermuda office of law firm Appleby are among the speakers at the Transcontinental Trusts International Forum, a four-day event set to begin on Tuesday. The firm said the long-time fixture on the Bermuda business calendar will be ...

Bermudian-based Randall & Quilter Investment Holdings Ltd has completed the novation of four loss portfolio transfer agreements managed by Armour Risk Management Ltd previously in place between ILS P&C Re and various entities within the QBE Group. Th...

Bermudian-based offshore drilling outfit Seadrill Ltd has made two senior staff appointments, and a high-profile board appointment. The company said Grant Creed has been named chief financial officer and Leif Nelson has become chief operating officer...