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Due to this unpredicted, horrendously impactful pandemic climate, owners of commercial industries of all sizes and shapes may be spending more time scrutinising their business interruption and commercial general liability insurance policies planning ...

The RG/BSX Index closed up 80.46 (3.1 per cent) at 2,679.26, for the day as 5,286 shares ($203,511) of the Bank of Butterfield changed hands in the only trading on the Bermuda Stock Exchange. The bank gained $1.50 (4.1 per cent) to close on $38.50 on...

Bermuda-based Textainer Group Holdings Limited, one of the world's largest lessors of intermodal containers, has reported net income of $64.7 million for the third quarter. That compares with net income of $73.8 million in the second quarter of the y...

Jaquan Burrows has been selected by the Hamilton Princess & Beach Club as a trainee manager in the rooms division of the hotel’s leadership development programme. During the 18-month initiative, Mr Burrows will spend time with each team that contribu...

Bermuda-based Athene Holding Ltd and New York-headquartered Apollo Global Management Inc have called special general meetings of shareholders to approve the previously announced proposed merger of the two organisations. Apollo shareholders are to mee...

Bermuda-based Assured Guaranty Ltd has reported net income of $17 million for the third quarter. That figure includes a $175 million pre-tax ($138 million after-tax) loss on debt extinguishment resulting from the voluntary early redemption of certain...

Borr Drilling Limited, the Bermuda-based oilfield services company, has announced a net loss of $32.6 million for the third quarter. The company said its preliminary unaudited results for the quarter are an improvement of $27.3 million compared to th...

Bermuda-based Fidelis Insurance Holdings Limited has appointed Paul Russell as the group’s new head of Marine. The company said Mr Russell’s appointment is part of Fidelis’ overall marine expansion both internally and with its Marine MGA, Navium that...

Essent Group Ltd, the Bermuda-based mortgage re/insurer, has reported net income of $205.4 million for the third quarter. That compares with net income of $124.5 million for the third quarter a year ago. Mark A. Casale, chairman and chief executive o...

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Bermuda-based Stellar Insurance Ltd, an indirect wholly-owned subsidiary of Saudi Arabian Oil Company. The outlook of the...