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Genstar Capital, the California-based private equity firm, had a request of Peter Hughes after it took a stake in the Bermudian-based Apex Group Ltd in 2017. “Genstar Capital came in and asked me to build the strongest offering there is in asset serv...

Long after the anticipated return to service of a popular Washington Lane takeout restaurant, Casablanca remains shuttered, hit by an unforeseen staffing problem. Three weeks ago, there was every attempt to bring the restaurant back online. There had...

Borr Drilling Limited, the Bermudian-based oilfield services company, has received a binding letter of intent for the premium jack-up drilling rig Prospector 5 from an undisclosed operator in West Africa. The six-well firm programme is expected to co...

AM Best has affirmed the financial strength rating of B+ (Good) and the long-term issuer credit rating of “bbb-” (Good) of Bermudian-based Golden Tree Reinsurance Limited. The outlook of the credit ratings is stable. Golden Tree is a subsidiary of Ir...

Bermudian-based Teekay Corporation has reported net income attributable to shareholders of Teekay of $5.3 million in the second quarter. That compares with a profit of $888,000 in the first quarter of the year and a loss of $1.8 million in the second...

Digicel Bermuda has offered seven young people internships in their service delivery and outside plant divisions this summer. Digicel said: “With rising youth unemployment within Bermuda, it is critical that we, as an employer, foster those relations...

Assured Guaranty Ltd, the bond insurer based in Bermuda, has reported a net loss of $47 million for the second quarter of the year. That result includes after-tax losses of $63 million related to foreign exchange remeasurement, $27 million on alterna...

Sun Life International has launched Sun Global Aurora, a savings-oriented indexed universal life product. The company said it was aimed at high-net-worth clients looking to diversify, protect and grow their assets by buying a life insurance contract ...

Teekay Tankers Ltd, the Bermudian-based owner and operator of mid-sized crude oil tankers, has returned to profitability. The company reported net income of $28.5 million in the second quarter of the year. That compares with a first-quarter loss of $...

Essent Group Ltd, the mortgage re/insurer based in Bermuda, has reported net income for the second quarter of $231.8 million. That compares with net income of $159.8 million for the same quarter a year ago. Mark A Casale, chairman and chief executive...