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Seadrill Ltd, the Bermudian-based offshore drilling company, has entered into binding share purchase agreements under which it will sell its entire 35 per cent shareholding in Paratus Energy Services Limited -- formerly Seadrill New Finance Ltd -- an...

A quiet day on the Bermuda Stock Exchange ended with the RG/BSX Index unchanged at 2,493.27 after no trading. The Bank of N.T. Butterfield & Son Limited rose 29 cents (0.85 per cent) to $34.44 at close of day trading on the New York Stock Exchange.

The Police and Fire Retirement System for the City of Detroit late last week filed a class-action lawsuit against Argo Group International Holdings Inc, the Bermuda international underwriter of property and casualty insurance with offices on Pitts Ba...

Everest Re Group Ltd is estimating total pre-tax net catastrophe losses of $730 million for the third quarter. About $600 million is attributed to Hurricane Ian, which made landfall on the west coast of Florida on September 28, with $500 million attr...

The aircraft management company based in St George’s, Longtail Aviation, has acquired its first B757-200PCF aircraft, according to ch-aviation, the Swiss-based airline intelligence provider. The publication said Longtail’s newly acquired Boeing is a ...

The Mid Ocean Club has again achieved gold level accreditation standard and has been nominated for three awards by Investors in People. IIP is a global organisation that advises and conducts assessments of employers using its unique framework, focusi...

Axis Capital Holdings Limited expects to report a small operating income for the third quarter of 2022. The Bermudian-based global specialty re/insurer said its results are impacted by a pre-tax net loss estimate for catastrophes and other weather-re...

It is common knowledge that directors of companies owe a duty to the company to act in its best interests. Less well understood is the principle that, when a company reaches a certain level of financial distress, the directors’ duties shift to includ...

Climate change will have widespread societal consequences, a leading reinsurance executive has said. Kevin O’Donnell, president and chief executive officer of Bermudian-based global re/insurer Renaissance Re, was speaking after the company held its 1...

Palomar Holdings Inc, the parent company of island-based Palomar Specialty Reinsurance Company Bermuda Ltd, has announced estimated pre-tax catastrophe losses of $12.5 million, net of reinsurance, for the third quarter of 2022. The company said this ...