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A new advocacy group for Bermuda’s captive insurance industry has emerged, with the backing of key organisations and with membership launching in April. Notably, the new Bermuda Captive Network aims to offer enhanced advocacy, leading and evaluating ...

Bermudian lawyer Charissa Ball has returned from eight years’ practising in Hong Kong to join Carey Olsen Bermuda Limited as counsel. The firm said Ms Ball, who was called to the Bermuda Bar in 2013, specialises in all aspects of corporate and commer...

The Zest Wellness Programme, created by Coralisle Group Ltd, has been awarded a gold medal by the Wellness Council of America (Welcoa) for building a workplace culture that promotes, protects and supports the health and wellbeing of its employees and...

Bermudian-based Vantage Group Holdings Ltd has received a capital commitment of up to $200 million and has made an important acquisition. Vantage, one of Bermuda’s Class of 2020 re/insurers, said that funds managed by Carlyle and Hellman & Freidman h...

Changes to the island’s anti-money laundering regulations to better police digital assets have been given the green light by the House of Assembly. Curtis Dickinson, the Minister of Finance, said the Proceeds of Crime Amendment Act 2022 would update ...

RiverStone International, the acquirer and reinsurer of legacy and discontinued insurance business, has launched an office on the island with the appointment of market veteran David Rocke as managing director of its Bermuda division. The company said...

The RG/BSX Index closed unchanged at 2,533.51, with no trading of domestic companies for the day on the Bermuda Stock Exchange. The Bank of Butterfield rose 93 cents (2.44 per cent) to close at $38.97 on the New York Stock Exchange.

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 ...