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Seadrill Ltd, the Bermudian-based offshore drilling company, has reported an operating profit of $20 million for the third quarter of the year. The company had total operating revenues of $269 million, and total adjusted EBITDA of $71 million, repres...

When Salon Visage moved this month, it quickly discovered that its new location at 39 Church Street had a reputation. Different businesses, restaurants and lounges had opened and closed there over the past decade. “One guy from next door said, ‘How ...

Axa XL has promoted Kareen Richardson to head of healthcare in its Bermuda insurance excess casualty business. Ms Richardson, who has more than 27 years of experience in the insurance industry in both casualty/healthcare underwriting and broking role...

Analysts expect a strong financial year from Bermuda registered International General Insurance Co Ltd, fuelled by factors including excellent underwriting profitability. IGI and its subsidiaries have just had their excellent credit ratings affirmed ...

The Bermuda captive of one of the world’s largest companies has continued strong operating results over the past five years, driven partly by robust underwriting profits and the absence of large losses. Some evidence of this for the single-parent cap...

Amid highly uncertain market conditions, rating agency AM Best said it was maintaining a stable outlook on the global reinsurance industry because there were counterbalancing positive and negative factors. Negative drivers for the industry include th...

A London-tech executive said Covid-19 could be pushing the digitisation of the insurance market in Bermuda, at least when it comes to insurance placing, a key part of the insurance process. John Irving, a senior account manager at Web Connectivity Li...

AM Best has affirmed a financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Harrington Re Ltd. AM Best has also affirmed the long-term ICR of “bbb-” (Good) of Harrington Reinsurance Holdings Limite...

The RG/ BSX Index jumped 53.63 points (2.27 per cent) to close at 2,413.97, driven by the trading of 3,076 shares of Bank of N.T. Butterfield Ltd., which closed up a dollar (3.0 per cent) at $34 at the close of the Bermuda Stock Exchange. No other is...

Retailers threatened by the rise of e-commerce need the Christmas holiday shopping season more and more to rescue their financial year. Increasingly, they have welcomed the added feature of the Black Friday/Cyber Monday boost. But not Makin’ Waves on...