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SeaDrill takes stake OSLO (Bloomberg) ? Bermuda-based SeaDrill Ltd., an oil-rig company led by shipping billionaire John Fredriksen, became the second-largest owner in Norwegian rival Aker Drilling ASA after buying a ten percent stake for about 300 m...

WRITS Alice Marie Franklin against Carmen Aldeza Franklin. Allan William Eugene Daniels against the Queen. The Queen against Kenneth Sinclair Durrant and Jevon Ernest Gardner. The Queen against Kenneth Sinclair Durrant and Jevon Ernest Gardner. In th...

RenaissanceRe Holdings Ltd. beating earnings estimates by more than a dollar a share as a bet on increasing its catastrophe reinsurance capacity paid off. RenaissanceRe reported net income of $251.1 million in the third quarter or $3.48 a share compa...

First Atlantic Commerce Ltd. (FAC) and its merchants the leading eCommerce payment solutions provider has appointed four new staff members. ?FAC processed record transaction volumes in the last quarter and its merchant base, which includes industries...

Axis Capital Holdings Ltd. continued the Bermuda reinsurance sector’s run of strong third quarter results after the record 2005 hurricane season shattered the same period a year ago when it turned a $226.2 million profit. Axis, which cautioned agains...

NEW YORK (Dow Jones) ? Max Re Capital Ltd.?s decision to restate earnings to write off questionable contracts, and the resignation of its top executive, underscore the company?s conservative approach to resolving the contract issues, Max Re?s chief f...

The Royal Gazette/Bermuda Stock Exchange Index jumped 40.01 points yesterday to close at 4,891.29. On a light day of trading, Belco led the advances as it rebounded $1.70 to close at $24.95 as investors traded 118 shares. Argus gained 25 cents to clo...

LONDON (Bloomberg) — The Bermuda subsidiary of insurance broker Jardine Lloyd Thompson Plc will become part of wholesale broker Lloyd & Partners under a reorganisation of the company aimed at fuelling international growth.Jardine Lloyd, the UK's seco...

Bermuda reinsurance stocks fell yesterday after third-quarter results from Axis Capital were lower than expected. RenaissanceRe Holdings, which beat expectations, also saw its share price fall. Axis reported net income of $235.4 million and operating...

Microsoft has released a nice upgrade to its Internet Explorer, incorporating many of the useful features in competing browsers such as Opera. This includes a new tabbed interface, which allows surfers to keep open multiple web pages within the same ...