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A Bermuda energy technology company has won a major award for demonstrating a remarkable initiative to develop and employ new, cutting edge applications in its dramatic turn to energy transition. Bermudian-registered Nabors Industries Ltd, the provid...

AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit ratings of “aa” (Superior) of Hannover Rück SE (Germany) and its main subsidiaries, including Hannover Re (Bermuda) Ltd and Hannover Life Reassurance ...

James Anfossi has joined Vesttoo as AVP, portfolio manager. Mr Anfossi, who will be based on the island, joins from Aeolus Capital Management, where he served as an analyst. He previously worked at Fidelis Insurance as a risk analyst, and at Axis Cap...

Sompo International Holdings Ltd, the Bermudian-based specialty provider of property and casualty insurance and reinsurance, has appointed Christian Crozier as senior vice president, head of UK Retail Casualty. He will be based in London and report t...

The RG/BSX Index closed unchanged at 2,424.96 with no trading on the Bermuda Stock Exchange. Overseas, The Bank of N.T. Butterfield & Son Limited was down 22 cents (0.74 per cent) to close at $29.58 on the New York Stock Exchange.

Hamilton’s busy streets in the final week of Christmas shopping are not indicative of the true state of retail sales, with the latest official figures continuing the picture of a decisive softness in local retail spending since the summer of 2021. Sh...

The Supreme Court has granted an application by Fireminds Operations Limited to terminate arbitration proceedings between the company and Bermuda Investment Advisory Services Limited. Arbitration proceedings were initiated by BIAS in September 2019 t...

A special session of the Florida legislature has led to insurance reforms that will bring relief to the state’s homeowners market, but capacity will likely remain limited with high reinsurance costs in the near future. That’s the view of rating agenc...

Lawyers from across four of Appleby’s global offices have been recognised in the 2023 edition of the Private Client Global Elite Directory. Vanessa Schrum, head of private client and trusts in Bermuda, and Bermuda senior associate Caljonah Smith have...

White Mountains Insurance Group Ltd has announced that Ark Insurance Holdings Limited, its specialty property and casualty reinsurance and insurance subsidiary, has sponsored the formation of a reinsurance sidecar to provide collateralised reinsuranc...