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Bermuda-registered Nabors Industries Ltd has reported a third-quarter net loss of $115.7 million, an improvement over the comparative three months of 2020 when it lost nearly $147 million. But it means that Nabors has lost more than $434 million in t...

The RG/BSX Index closed unchanged at 2,705.02 in light trading on the Bermuda Stock Exchange. The only movement was BF&M, with 10,000 shares sold at an unchanged price of $23. The Bank of Butterfield closed 25 cents (0.63 per cent) lower on the New Y...

Bermuda reinsurer RenaissanceRe Holdings Ltd has estimated that losses from certain 2021 catastrophe events will have a net negative impact of approximately $725 million on the company’s third-quarter 2021 results of operations. This estimate is prim...

An established auto repair shop in Southampton is shifting into high gear by adding the ordering of custom electric vehicles to its services. Rev Automotive Ltd owner Bill Calko, who opened the business in 2007, said that the first electric 2021 Volk...

The extreme-event modelling company AIR Worldwide (AIR) has released its 2021 Global Modeled Catastrophe Losses report, detailing key global financial loss metrics based on its latest suite of models that reflect the near-present climate risk. AIR e...

An insurance boss has complained that even though rates have hardened, they remain too low. Richard Brindle highlighted the rising catastrophe risks in an era of increasingly evolving climate-change exposures and said that there are inadequate rates ...

The re/insurer IQUW is in advanced talks to acquire UK-based Lloyd’s insurer Agora Holdings, the company has said. If the sale is completed, Agora’s property insurance and reinsurance businesses will form part of IQUW’s portfolio and the Agora team ...

The global financial services provider Apex Group Ltd has been appointed by (re)insurance broker BMS to deliver carbon footprint assessment and reporting services. Apex will provide BMS with the platform and tools to measure the company’s source of ...

HSBC Holdings plc has bounced back with after-tax profit of $4.2 billion — an increase of $2.2 billion — for the third quarter compared with the same period in 2020. The bank also announced a massive share buyback of up to $2 billion after the profit...

Nearly 800 people from 500 companies across 52 countries registered for the Bermuda Business Development Agency’s third annual 2021 Virtual Bermuda Tech Summit, an overall increase from the event held last year. David Hart, the CEO of the agency, sai...