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International General Insurance Holdings Ltd has signed a non-binding letter of intent to acquire Energy Insurance Oslo AS, a Norwegian managing general agency. The Bermudian company said the proposed transaction includes the acquisition of 100 per c...

James River Group Holdings Ltd, the insurance holding company based in Bermuda, has reported second-quarter net income available to common shareholders of $5 million. That compares with net income of $20.8 million for the second quarter of 2021. Adju...

Valaris Limited has reported net income of $113 million in the second quarter compared to a net loss of $40 million in the first quarter of the year. The Bermudian-based offshore drilling services company said revenues increased to $413 million from ...

Bermudian-based Textainer Group Holdings Limited, one of the world’s largest lessors of intermodal containers, has reported net income of $78.6 million for the second quarter. That compares with $72.7 million for the first quarter of 2022. The averag...

RiverStone International, the acquirer and reinsurer of legacy and discontinued insurance business with an office in Bermuda, has announced that Mike Cain has joined the company as group head of legal and company secretary. The company said Mr Cain i...

The Bank of N.T. Butterfield & Son Limited increased interest rates on loans by half a percentage point (0.5 per cent), absorbing a third of the rise of the 75-basis point increase in the target range of the US Federal Funds Rate. The bank said the c...

A veteran honey producer has seen a major decline in the local bee population during his 40-year career. Lewell Woolridge, of Bee Lovers Beekeeping in Paget, pointed to land development as the culprit. “The bees don’t have the food sources they once ...

Oliver Wyman, the global management consulting firm and business of Marsh McLennan, has announced the opening of a new actuarial office in Bermuda under the leadership of Faisal Haddad. "As demand for our actuarial services continues to grow both in ...

LOM Financial Limited’s net profit for the first half of 2022 fell 90 per cent year-on-year to $823,493. That compares with a profit of $8,052,398 for the same period in 2021. In a letter to shareholders, chairman and CEO Scott Lines said: “In 2021, ...

An American biosciences company has launched Aanika Re in Bermuda with initial backing from Adit Ventures, the global venture capital firm. Aanika Biosciences was accepted into the Bermuda Monetary Authority’s “innovation hub” earlier this year, maki...