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AM Best has assigned a financial strength rating of B++ (Good) and a long-term issuer credit rating of “bbb+” (Good) to Black Gold Re Limited (Bermuda). The outlook assigned to these credit ratings is stable. BGRe is a captive reinsurer of Ecopetrol ...

DHT Holdings Inc, the Bermudian-based crude oil tanker company, has reported a net loss in fiscal year 2021 of $11.5 million. That compares with net income of $266.3 million in 2020. The difference between the two periods mainly reflects lower tanker...

Two cruise ships operated by a subsidiary of Bermudian-based Genting Hong Kong Limited have been placed under arrest in the Bahamas for alleged non-payment of bills. The Crystal Symphony and Crystal Serenity were arrested on Friday evening in waters ...

An insurance executive has effectively been barred from the local insurance industry for an indefinite period. The Bermuda Monetary Authority has banned Nicholas Mark Cooke from senior market roles and from conducting any regulated activity under the...

Industry heavyweights Stephen Catlin, Albert Benchimol and Marc Grandisson will be among the speakers at the inaugural Bermuda Risk Summit next month. A global CEO panel at the event will feature Mr Catlin, chairman and CEO of Convex; Mr Benchimol, p...

More than a month into the new year, Bermuda’s financial institutions are still considering what to do about replacing Libor, a major component scheduled for retirement at the end of 2021 from its use in the setting of interest rates. The Bermuda Ban...

Triangle Life Ltd, the provider of life insurance products to high-net-worth (HNW) individuals globally through its wholly owned subsidiary, Triangle Life Insurance Co Ltd., has announced the appointment of Jon Hack as an adviser to the board for the...

The RG/BSX Index fell 2.38 (0.09 per cent) to 2,533.51 for the day, after 10,300 shares of Argus Group Holdings Ltd traded for $6.10, down 10 cents (1.6 per cent). The Bank of Butterfield was down by a penny (0.03 per cent), closing at $38.04.

TigerRisk Partners LLC, the risk, capital and strategic adviser to the global re/insurance industries with an office in Bermuda, has named Joel Hodges as partner and head of analytics, international. Mr Hodges will be responsible for overseeing all d...

With one exception, retail sales have fallen every October since 2016, government figures show. Only in 2020 did the month record an increase. The Retail Sales Index press statement released Friday night said October’s retail sales fell 6.6 per c...