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Ace Ltd has announced the completion of its acquisition of New York Life’s Hong Kong operations for approximately $350 million in cash. The original October 2010 purchase agreement with New York Life was amended to allow for separate closings for th...

Making the best first impression will be the focus for a series of seminars held at the Bermuda Chamber of Commerce later this month. The two half-day seminars for administrative professionals, office receptionists, hotel front desk personnel, salon/...

Aspen US Insurance has announced the addition of two new members to subsidiary Aspen Specialty’s US surety team. James Mercier, senior vice-president, associate general counsel and claims, surety and Scott Sadowsky, senior vice-president, finance and...

The Bermuda Telephone Company (BTC) has applied to the Telecommunications Commission to provide an 8 Megabytes per second (Mbps) and 10 Mbps DSL service as it bids to step up the competition. BTC took out a notice in this paper announcing that subje...

Bermuda-based Ram Holdings Ltd and Ram Reinsurance Company Ltd. have announced Steve Gralla will be unable to accept his appointment to the Ram Re board of directors. Mr Gralla has informed RAM Re that he would not be able to take up the position fol...

Bermuda-based Seadrill has announced that North Atlantic Drilling Ltd has acquired its harsh-environment drilling activities for $4.1 billion. The acquisition, which was successfully completed last month, follows North Atlantic Drilling’s private pla...

The Bermuda Stock Exchange (BSX) has reached a record $1.814 billion in listings of Insurance Linked Securities (ILS), the Exchange announced yesterday. The listing of the first Irish-domiciled ILS structure, Queen Street II Capital Ltd, takes the do...

The Bermuda Monetary Authority has announced it will be launching a series of awareness sessions and technical workshops targeted to Bermuda’s insurance sector. These outreach activities have been designed to ensure that participants in Island’s insu...

The Bermuda Stock Exchange (BSX) remained unchanged yesterday at 1,154.46 with 500 shares worth US$5,350 traded. The BSX Insurance Index dropped five points (0.48 percent) to 1,032 - by the same amount as the previous day.

OSLO (Bloomberg) - Frontline Ltd. agreed with Ship Finance International Ltd to terminate the long-term charter party between the companies for OBO carrier Front Leader. Frontline will make a compensation payment to Ship Finance of about $7.7 million...