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AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit ratings of “aa” (Superior) of Allianz SE (Germany) and 22 of its rated subsidiaries, including Allianz Risk Transfer (Bermuda) Limited. The rating act...

The Bermuda office of professional services firm EY has added another string to its bow. EY Law has launched, adding legal advisory services and legal managed services to the organisation’s range of services. Bill Bailey and Alison Dyer head up EY La...

Bermudian-based Nordic American Tankers Limited, the oil tanker company, reported that board member Alexander Hansson has bought 115,000 shares in NAT at $2.08 per share. Mr Hansson is the son of the company’s founder, chairman and CEO Herbjorn Hanss...

An offshore drilling services provider, a Bermuda exempted company, has suffered business interruption, it said in a prepared statement. Valaris Limited, the company that provides drilling services across all water depths and geographies, has said th...

Six years after legislation for the Personal Information Privacy Act was passed, Privacy Commissioner Alexander White still cannot say when it will be enacted. It is the Government’s prerogative, not his, to set the timeline. “Pipa provides a provis...

The RG/BSX Index remained unchanged at 2,218.00 after light trading on the Bermuda Stock Exchange. Argus Group Holdings Ltd closed unchanged at $6 after 6,700 shares ($42,200) changed hands. The Bank of N.T. Butterfield & Son Limited was down 31 cent...

Acrisure Re, the reinsurance division of top-ten global (re)insurance broker and fintech platform Acrisure, has published its 2022 Pre-Season Hurricane Outlook report, forecasting an above average hurricane season, but with less activity than the rec...

Radiation oncologist Jedidiah Monson has been appointed to the position of chief medical officer at Beyond Cancer Ltd, an exempted company registered in Bermuda. Beyond Cancer, an affiliate of Beyond Air Inc, is focused on developing ultra-high conce...

Auto Solutions has welcomed the arrival of a new staff member and celebrated a job well done by another. Jahmal Watts has been appointed as service manager at the automotive dealer in Pembroke, and sales associate Somers Smith has won leading Suzuki ...

A 45-day public review period has begun for the application by 24X National Exchange LLC to the US Securities and Exchange Commission for a licence to create a new national exchange. 24X is a US subsidiary of 24 Exchange Bermuda Ltd. The company said...