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Bermudian-based Enstar Group Limited has reported a third-quarter net loss of $444 million. That compares with a net loss of $196 million for the three months ended September 30, 2021. The company has reported a net loss of $1.2 billion for the first...

SiriusPoint Ltd, the global specialty re/insurer based in Bermuda, is scaling back its property catastrophe reinsurance platform by closing three offices and reducing its footprint in two more. The company said it is closing underwriting offices in H...

A Canadian news outlet has targeted a billionaire family for its use of “an offshore insurance company that allowed them to move millions of dollars in profits out of Canada and into the ‘tax haven’ of Bermuda”. But the extensive article refers to no...

In the course of my career, I have drafted, negotiated or otherwise provided commercial and legal advice concerning well more than 300 outsourcing contracts of all types. Whether as inter-company shared service contracts among affiliates or with com...

The first hearing of an action brought by dissident shareholders in relation to the merger of Apollo Global Management with Athene Holdings Ltd has concluded with the terms of an order relating to the scope of the obligation by the defendants to prod...

During lunch hour, a line sometimes forms outside the Washington Mall’s Delicious eatery, and that makes Washington Properties general manager Paul Slaughter very happy. Mr Slaughter said: “That is going back to the way things were before the pandemi...

Carey Olsen Bermuda Limited's dispute resolution and litigation practice continues to grow with the appointment of senior associate Bradley Houlston, associate Charlotte Donnelly and the secondment of Bermudian associate Jonathan Marion from the firm...

James River Group Holdings Ltd has reported a third-quarter net loss available to common shareholders of $7.2 million (2021 Q3: $23.9 million). Net written premium grew 20.3 per cent due to increased net retention in the E&S segment; E&S renewal pric...

The RG/BSX Index closed unchanged at 2,436.96 in the absence of trading on the Bermuda Stock Exchange. The Bank of N.T. Butterfield & Son Limited closed down $1.42 (4.35 per cent) at $31.22 on the New York Stock Exchange.

Apex Group Ltd, the Bermudian-based global financial services provider, has closed the previously announced acquisition of Darwin Depositary Services, a Netherlands-based provider of depositary services to alternative investment funds. The close come...