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In the old song 99 Bottles of Beer on the Wall, you take one down and pass it around, and you have 98. But that old song may soon be obsolete thanks to a new company called ecoSpirits Bermuda. Using their reusable, refillable bottling technology you ...

RenaissanceRe Holdings Ltd, the Bermudian-based reinsurer, has reported a first-quarter net loss attributable to common shareholders of $394.4 million. That compares with a net loss of $290.9 million in the first quarter of 2021. Operating income att...

Apollo Group Holding Ltd, the independent specialist insurer and reinsurer, has appointed Bermuda market veteran Susan Pateras as independent non-executive chairwoman of Apollo Bermuda Limited, the group’s recently established Bermudian subsidiary. T...

Sue Couper has been appointed the new general manager of LOM Asset Management Limited. This is her second tenure with LOM, having spent five years previously with the company as managing director for LOM Financial (Bermuda) Limited. Ms Couper has nea...

Bermudian-based Axis Capital Holdings Limited has launched a portfolio underwriting unit which targets multi-class portfolio business that is placed in the London specialty insurance market. Axis said the portfolio team is now actively underwriting p...

Restructuring involves changing the financial, operational, legal or other structures of a business to make it more efficient and more profitable. It is not a “one size fits all” process. Today, in the time of Covid-19, there are a lot of distressed ...

Bermudian-headquartered Ardmore Shipping Corporation, which owns and operates product and chemical tankers, has reported a net loss of $7.9 million for the first quarter of 2022. That compares to a net loss of $8.5 million in the first quarter last y...

Seadrill Limited, the Bermudian-based offshore drilling company, has been awarded three contracts with a total value of $404 million by a leading operator. The contracts have been awarded for the West Ariel, West Cressida, and West Leda jack-up rigs ...

Bermudian-headquartered Kiniksa Pharmaceuticals Ltd, a biopharmaceutical company with a portfolio of assets designed to modulate immunological pathways across a spectrum of diseases, has reported a net loss for the first quarter of $25.2 million. Tha...

The RG/BSX Index closed at 2,376.84, unchanged for the day, with no trading of domestic companies on the Bermuda Stock Exchange. The Bank of N.T. Butterfield & Son Limited closed up 36 cents (1.08 per cent) at $33.65 on the New York Stock Exchange.